HOUSTON, Jan. 6, 2015 /CNW/ - Enhanced Oil Resources Inc.
(TSX-V: EOR; OTCQX: EORIF) is pleased to announce the appointment
of Andrew Hromyk as the Company's
Chief Executive Officer.
Mr. Hromyk joined the Company's Board of Directors in
mid-November, and has been mandated to significantly reduce
operating costs, preserve capital and conduct a strategic review of
the Company's assets concurrent with the ongoing evaluation of the
Milnesand and Chaveroo oil fields by Schlumberger Technology
Corporation announced September 18,
2014.
"I and the other newly appointed members of the Board of
Directors are hopeful of securing the support of shareholders at
the upcoming AGM", said Mr. Hromyk. We look forward to this
new challenge and are confident that we can take the necessary
steps to ensure the Company has the potential to grow beyond its
current state of affairs."
Since 1995, Mr. Hromyk has been president of Century Capital
Management Ltd., an independent investment management and advisory
firm based in Vancouver, B.C.,
with a proven record making strategic investments in private and
public companies. Mr. Hromyk has supported energy operations
domestically in Arkansas and west,
central and south Texas, as well
as internationally in Papua New
Guinea and Nigeria. As an
active investor, Mr. Hromyk has been involved with companies
developing a diverse range of technologies, from enhanced
hydrocarbon recovery processes to wireless infrastructure
applications, and has also participated in numerous commercial real
estate developments. Mr. Hromyk has served as a director of several
private companies that became publicly traded on Nasdaq, the New
York Stock Exchange and the London Stock Exchange Alternative
Investment Market. Mr. Hromyk studied economics at Chaminade University and the University of British Columbia.
About Enhanced Oil Resources Inc.
Enhanced Oil Resources Inc. is an early-stage company, with a
principal goal of increasing crude oil and natural gas production
through enhanced oil recovery and infill drilling projects it is
initiating in the Permian Basin on oil fields acquired by the
Company in 2007 and 2008 for that purpose.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew
Hromyk
Director
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE
SOURCE Enhanced Oil Resources Inc.