HOUSTON, TX--(NewMediaWire - Mar 3, 2016)
- Propell Technologies Group, Inc.
(OTCQB: PROP) (the "Company"), the U.S. provider of a
plasma pulse based enhanced oil recovery technology, announced the
appointment of David S. Ramsey as Chief Operating Officer (COO)
effective March 1.
Mr. Ramsey has extensive experience in the oil and gas industry.
From July 2014 to February 2016, Mr. Ramsey served as Operations
Manager of Tecpetrol International S.A. From 2011 until 2014, he
served as Senior Production Engineer/ Engineering Manager at SK
E&P.
Prior to his employment at SK E&P Company, from 2009 until
2011, Mr. Ramsey served in various roles at Dune Energy Inc.,
including Engineering Manager and Senior Production Engineer, and
prior to his employment at Dune Energy, Mr. Ramsey served in
various positions at Cabot Oil and Gas Corp.
"I know firsthand the reliability of David's results and his
seasoned engineering skills," commented C. Brian Boutte, CEO. "His appointment allows
us to confidently proceed with acquisition and infrastructure
planning."
ABOUT PROPELL TECHNOLOGIES
Propell Technologies, Inc. (OTCQB: PROP) is an oil exploitation and production
acquisition company which intends to build and grow a base of
producing assets by leveraging M&A and operational expertise,
and by using advanced technology including a Plasma Pulse well
treatment which uses no acidization, hydrofracking or other
chemicals. Its plan is to further benefit from a corresponding
development of untapped hydrocarbon reserves once oil supply/demand
rebalances and prices rebound. www.propell.com
SAFE HARBOR
This press release includes forward-looking statements of our
current expectations and projections about future events. In some
cases forward-looking statements can be identified by terminology
such as "may," "should," "potential," "continue," "expects,"
"anticipates," "intends," "plans," "believes," and similar
expressions. These statements are based upon current beliefs,
expectations and assumptions and are subject to a number of risks
and uncertainties, many of which are difficult to predict and
include statements regarding the opportunities expected to acquire
and grow undervalued producing assets and the contribution expected
to be made by Mr. Boutte. The forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from those set forth or implied by any
forward-looking statements. Important factors that could cause
actual results to differ materially from those reflected in our
forward-looking statements include, among others, our ability to
find suitable acquisitions, fuel our growth for shareholders and
the other factors described in our Form 10-K for the year ended
December 31, 2014, and our other filings we have made or may make
with the SEC. The information in this press release is provided
only as of the date written, and we undertake no obligation to
update any forward-looking statements contained in this press
release on account of new information, future events, or otherwise,
except as required by law.