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Bayshore Petroleum Corp. (the “Corporation” or “Bayshore”) is pleased to announce the appointment of Mr. Lance Mierendorf as Chief Financial Officer ("CFO") of the Company, effective immediately. Mr. Peter Ho, previously acting CFO, will continue in the role of CEO.
Mr. Mierendorf is a Canadian Chartered Accountant and has over 20 years of oil and gas experience in senior financial leadership positions for both public and private companies. Mr. Mierendorf has extensive experience in the public markets where he raised debt and equity to finance upstream oil and gas operations. Prior to joining Bayshore, Mr. Mierendorf was CFO for Wentworth Resources Limited and prior to that, CFO of Sonoro Energy Ltd.
For further information, please contact Peter Ho, Chief Executive Officer and Director of Bayshore Petroleum Corp.
About Bayshore Petroleum Corp.
Bayshore is a Calgary, Alberta-based corporation operating in the upstream and mid-stream oil and gas industry and exploitation technology that increases the productivity and profitability of heavy oil and bitumen. Bayshore is in the startup phase of operations and plans to use innovative technologies to reduce heavy oil/bitumen upgrading, refining and transportation costs.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statements
Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.
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