James Bay Resources Appoints Adeniyi Olaniyan as Chief Operating Officer and Country Manager in Nigeria
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/07/12 -- James Bay Resources Limited (TSX VENTURE: JBR) ("James Bay" or the "Company") is pleased to announce that it has appointed Adeniyi Olaniyan as Chief Operating Officer and Country Manager for its 100% owned Nigerian subsidiary, James Bay Energy Nigeria Limited.
"We are very excited that Mr. Olaniyan has joined our company," stated Mr. Knut Sovold, President and CEO of James Bay Energy Nigeria Limited. "Mr. Olaniyan strengthens our operating team and brings extensive field expertise to our company, especially given his direct experience managing oil and gas assets in the Niger Delta."
Mr. Olaniyan has over 20 years of international experience (Africa, Asia, Europe) in subsurface Oil and Gas E&P, Project Management, New Ventures, Asset Development and Business Planning within the Shell Group. His last position with Shell was as Hydrocarbon Maturation Manager for near infrastructure exploration activities to deliver short-term oil along the Niger Delta Nembe Creek Trunk Line. Mr. Olaniyan has had considerable geoscience and project management experience in several geological basins.
Adeniyi is a proven hydrocarbon finder with the following exploration and development projects:
In addition, James Bay announced that 600,000 incentive stock options were granted to Mr. Olaniyan, each exercisable at $0.63 per common share. The options vest over a two-year period, with 1/3 vesting immediately, and 1/3 annually thereafter, and are exercisable for a period of five years from the date of grant.
About James Bay Resources
James Bay is a well-financed Canadian resource company with 28,040,350 shares outstanding and trades on the TSX Venture Exchange under the symbol "JBR". The Company is currently pursuing agreements to acquire oil and gas assets with the objective of becoming a near-term producing company.
Neither the 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.
Contacts:
James Bay Resources Limited
Stephen Shefsky
President & CEO
416-366-4200
James Bay Energy Nigeria Limited
Knut Sovold
President & CEO
+47 99 5225 82
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Datum: 07.06.2012 - 15:19 Uhr
Sprache: Deutsch
News-ID 154344
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TORONTO, ONTARIO
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Mining & Metals
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