June 5, 2018 - 12:07 AM EDT
Print Email Article Font Down Font Up Charts



Stamper Oil & Gas Announce Change to its Board of Directors and Status Update on MOU with State and Sudapet

VANCOUVER, British Columbia, June 04, 2018 (GLOBE NEWSWIRE) -- Stamper Oil & Gas Corp. (TSX-V:STMP) (FSE:TMP2) (OTCQB:STMGF) (“Stamper” or “the Company”) today announces the resignation of Hon. Herb Dhaliwal as a Director of Stamper effective immediately. At this time the Company will remain with a vacancy on the board until a suitable replacement is found.

The Company would like to thank Mr. Dhaliwal for his service and for his sound advice that he brought to the Board, specifically on assisting with government advice. The Company wishes him the best of success in his numerous business ventures for many years to come.

David Greenway, Chief Executive Officer of Stamper Oil & Gas, said, "I, along with all my fellow board members and management of the Company, thank Mr. Dhaliwal for his dedication to Stamper and for his contributions and wish him all the best in his future endeavors."

State Oil Corporation (“State”) has also advised that the Memorandum of Understanding (“MOU”) between State and Sudapet Company Ltd. (“Sudapet”), the national oil company of Sudan, is still not in good standing. The Company has been advised by State that they are in discussions with Sudapet and have been told that definitive decision should be received during the following week.

The Company is also working hard at this time on evaluating other oil and gas projects in Latin America and Africa.

Company engaged Advanced Media Consultant Ltd. for consulting services on the production and dissemination of six reports through Oil Price.com, and issued 2,000,000 common shares of the Company and is waiting for TSX Venture Exchange approval. 

About Stamper Oil and Gas

Stamper Oil and Gas Corp. (TSX-V:STMP) is an oil and gas company, engaged in the acquisition, exploration and development of conventional oil and natural gas properties. The Company plans to identify and build out a portfolio of high-impact oil and gas prospects. Stamper is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

For further information on Stamper Oil and Gas please visit www.stamperoilandgas.com

ON BEHALF OF THE BOARD OF DIRECTORS                    
“David C. Greenway”
President & Director                                                            

For further information, please contact:
Stamper Investor Relations
Phone: (604) 684-2401                                                                                                             
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Stamper Oil & Gas Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Stamper Oil & Gas Corp. management on the date the statements are made. Except as required by law, Stamper Oil & Gas Corp undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Primary Logo


Source: GlobeNewswire (June 5, 2018 - 12:07 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice