HOUSTON, TX--(Marketwired - December 18, 2017) - Petrolia Energy Corporation (BBLS) ("Petrolia" or the "Company"), an oil exploration and production company with operations in Texas, Oklahoma and New Mexico, is pleased to announce that it has retained Newbridge Securities Corporation ("Newbridge"), a full-service securities brokerage and investment banking firm, to provide strategic corporate finance and investment banking services. Newbridge will focus on assisting Petrolia with various initiatives, including plotting a course to uplist onto a senior National Exchange, and advising on potential capital raises and M&A transactions.
Commenting on the hiring of Newbridge, Mr. Zel C. Khan, Petrolia's CEO said, "As we engage investors in a more robust way in the coming year, we wanted our own dedicated team to help us set and execute a capital markets strategy, and free up our management team's bandwidth to concentrate on what we do best."
Petrolia also announces the intended appointment of Mr. Tariq Chaudhary as the Company's new Chief Financial Officer, upon the completion of the Company's acquisition of Bow Energy Ltd. ("Bow") (TSX VENTURE: ONG). Mr. Chaudhary currently serves as the V.P. Finance of Bow, and will replace the Petrolia's current CFO, Mr. Paul Deputy.
Mr. Chaudhary is a highly experienced financial executive with a diverse knowledge of cross-border finance, and public company board management. Prior to serving with Bow, he held senior roles with Canadian Natural Resources (CNRL) and Syncrude Canada, a division of Exxon Mobil.
ABOUT PETROLIA ENERGY CORPORATION
Petrolia Energy Corporation is a US-based, oil exploration and production company. With operations in Texas, Oklahoma and New Mexico, the Company focuses on redeveloping existing oil fields in well-established oil rich regions, employing industry-leading technologies to create added value. Petrolia is committed to achieving its goals through conscientious partnership with the communities in which we operate and through operations that extend beyond regulatory requirements and embrace responsible environmental stewardship. We firmly believe we can maximize a field's potential value for our shareholders and employees, while protecting the environment and enhancing local communities.
More information about Petrolia is available at www.petroliaenergy.com.
Forward-looking Statements
Certain information in this press release constitutes forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding well production, use of proceeds, future drilling, operating expenses, and additional funding. Any statement that does not contain a historical fact may be deemed to be a forward-looking statement. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of such terms, or other comparable terminology, although not all forward-looking statements contain such identifying words.