DGAP-News: MCW ENERGY GROUP APPOINTS TOP-MANAGER AS COO OF ITS OIL SANDS OPERATIONS IN ASPHALT RIDGE, UTAH
(firmenpresse) - DGAP-News: MCW Energy Group Limited / Key word(s): Change of
Personnel/Statement
MCW ENERGY GROUP APPOINTS TOP-MANAGER AS COO OF ITS OIL SANDS
OPERATIONS IN ASPHALT RIDGE, UTAH
20.10.2011 / 10:50
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MCW ENERGY GROUP APPOINTS TOP-MANAGER AS COO OF ITS OIL SANDS OPERATIONS IN
ASPHALT RIDGE, UTAH.
September 20th, 2011: Shediac, New Brunswick, Canada/Frankfurt, Germany:
MCW Energy Group, trading on the Open Market of the Frankfurt Stock
Exchange, a Canadian holding company involved in oil
production/distribution and oil sands recovery technology, is pleased to
announce the appointment of R.Burk Adams, P.E., as Chief Operating Officer
of MCW Oil Sands Recovery, LLC, which is based in Utah.
Mr. Adams has a diverse range of experience in industrial project
management, engineering design and the economic evaluation of petroleum,
mineral and chemical process projects with an emphasis on oil sands
processing, asphalt production and heavy oil upgrading. His past projects
include corporate and project management/development, field engineering,
pilot plant design/operation, bankable feasibility studies, contract
development/administration, facility start-up, detailed operating/capital
cost estimates, financial/risk analysis, process simulation, flow-sheet and
P&ID development/Process Safety Management (PSM), including Process Hazard
Analysis (PHA), process modelling, (HYSIS,UNISIM), project
scheduling/tracking, equipment sizing/design, criteria development and
energy/mass balances.
Most recently, Mr. Adams was a Senior Consulting Engineer for
Worley/Parsons Canada/Imperial Oil Resources, Calgary, Alberta, where he
was responsible for the processing/project development of a non-aqueous
extraction method for processing bitumen from oil sands. Prior to that, he
was a Senior Process Engineer for Ringstrom Engineering, Albian Sands, Fort
McMurray, Alberta and was responsible for the review of system venting
scenarios. Mr. Adams was also a Senior Process Manager for Korea Technology
Industry (America) in Vernal, Utah, responsible for leading a Process
Design Team in the design, construction and commissioning of a 1200 bpd oil
sands extraction demonstration facility, including ore preparation,
extraction, dry tailing system, water and froth treatment and solvent
recovery. He holds an MBA Degree in Operations/Finance Emphasis and a BS
Degree in Chemical Engineering from Brigham Young University.
MCW is confident that Mr. Adams will provide his leadership, his regional
knowledge and the expertise required to lead the Company's team forward as
it develops its oil sands lease in Asphalt Ridge Utah, together with the
fabrication program of an initial 250 bpd extraction plant which is
currently underway. Please view the series of Company press releases at:
www.mcwenergygroup.com.
About the MCW Energy Group:
MCW Energy Group is a Canadian holding company with two principal portfolio
companies: the California-based McWhirter Distribution Company, established
in 1938, a leading distributor of branded and unbranded gasoline and diesel
products throughout the United States, and MCW Oil Sands Recovery, LLC, an
oil sands extraction technology company based in Utah, which is focused on
providing a new source of domestic oil from America's virtually untapped
oil sands resources. With an ongoing production of oil from its oil sands
leases, the Company intends on becoming a profitable supplier of oil to
several regional refineries. This new revenue stream will provide strategic
leverage for MCW through direct control of oil pricing and supply within
its core distribution network. With the combination of a successful
petroleum product distribution network and the supply of its own oil, MCW
intends on becoming a vertically integrated energy company.
North American Investor Relations Contact:
Paul Davey,
MCW Energy Group
334 Main St., Suite 101
Shediac, NB, E4P 2E5 Canada
Tel.: 001 (800) 979-1897
Fax: 001 (866) 571-9615
Mail: info(at)mcwenergygroup.com
Germany/Europe Investor Relations Contact:
Jörn Gleisner
Tel.: +49 (0)69 95 90 83 20
Fax: +49 (0)69 95 90 83 99
Mail: j.gleisner(at)financial-relations.de
The information does not constitute an offer of or an invitation by or on
behalf of MCW Energy Group or any of its subsidiaries to subscribe for or
purchase securities of MCW Energy Group or any of its subsidiaries, but is
provided as a matter of record only.
In particular, the information contained does not constitute an offer of
securities for sale or solicitation of an offer to buy securities in the
United States of America. Securities may not be offered or sold in the
United States of America absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended.
End of Corporate News
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