June 19, 2018 - 10:34 AM EDT
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Hunter Oil Announces Appointments

VANCOUVER, British Columbia, June 19, 2018 (GLOBE NEWSWIRE) -- Hunter Oil Corp. (TSX-V:HOC) (OTCQX:HOILF) (the "Company" or “Hunter”) is pleased to announce the appointment of Al H. Denson, P.E. as the Company’s Chief Executive officer, effective immediately, replacing Andrew Hromyk who assumes the new role of Executive Chairman. 

Mr. Denson has over forty years of exploration and production experience, beginning his career in 1976 with Amoco Corporation (now BP), where he served in various engineering, operational and management roles both in the USA and internationally over a twenty-year tenure. Mr. Denson has served as a Director and member of the Company’s Operating Committee since 2014.

Mr. Denson has experience with both conventional and unconventional resources and an active member of the Society of Petroleum Engineers. He earned both a BS and MS in Petroleum Engineering from Mississippi State University and is a Registered Professional Engineer in the State of Louisiana.

As CEO, Mr. Denson will be responsible for all of the Company’s operations, while Mr. Hromyk will be responsible for developing and implementing long-term, strategic alternatives for the Company.

About Hunter Oil Corp.

Hunter Oil owns and operates two large, historic oil fields in the Permian Basin of Eastern New Mexico - the Milnesand and Chaveroo fields, Historical production of these two fields is approximately 40 million barrels. The Company plans to unlock the value in these resource-rich fields by leveraging existing infrastructure, lowering operating costs and increasing efficiencies of its operations.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrew Hromyk
Executive Chairman
+1 (604) 689-3355

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.

Cautionary Statement Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws, including statements regarding estimates of reserves and future net revenue, expectations regarding additional reserves and statements regarding Chaveroo and Milnesand wells development, including plans, anticipated results and timing.  Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information.   

Forward-looking information regarding Chaveroo and Milnesand well development and expectations regarding additional reserves are based on plans and estimates of management and interpretations of exploration information by the Company's exploration team at the date the information is provided and is subject to several factors and assumptions of management, including that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays or labor or contract disputes or shortages are encountered, that the development plans of the Company  will not change, and is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information, including that anticipated results and estimated costs will not be consistent with managements’ expectations, the Company or its subsidiaries not being able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered and that equipment failures, permitting delays or labor or contract disputes or shortages are encountered.

Information on other important economic factors or significant uncertainties that may affect components of the  reserves  data  and  the  other  forward  looking  statements  in  this  release  are  contained  in  the Company’s Form 51-101F1 Statement of Reserves Data and Other Oil & Gas Information dated December 31, 2016, and the Company’s Management Discussion and Analysis under "Risk Factors", which are available under the Company's profile at www.SEDAR.com. The Company undertakes no obligation to update forward-looking statements, other than as required by applicable law.

For further information, visit our website at www.hunteroil.com

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Source: GlobeNewswire (June 19, 2018 - 10:34 AM EDT)

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