Junex Announces the Appointment of Mr. Peter Dorrins as President and Chief Operating Officer
QUEBEC CITY, QUEBEC- - Junex Inc. (TSX-V:JNX) ("Junex" or the "Company") is pleased to announce that Mr. Peter Dorrins has been appointed President and Chief Operating Officer of the Company. A geologist by training, Mr. Dorrins has occupied various technical and management functions with a number of North American and International Oil and Gas corporations over more than 30 years. He was already assuming the responsibility of Chief Operating Officer of Junex since June 2008.
As the new President and COO, Mr. Dorrins will take charge of the daily operation of the Company. He will also be responsible for the evaluation and negotiation of business opportunities that may emerge both in Quebec and outside the province. Mr. Dorrins will report to the CEO of Junex, Mr. Jean-Yves Lavoie, who will continue to work in conjunction with the Board of Directors in order to define the global strategic strategies of the Company. Mr. Lavoie will also actively maintain its effort to contribute to improve the social acceptability of Junex's oil and gas projects in Quebec.
"We are proud that such a high-level manager has accepted to serve as President and COO of Junex. Mr. Dorrins can count on a solid network of contacts all over the Oil and Gas industry in North-America and Internationally. Supported by a strong team of managers and professionals, Mr. Dorrins will lead our company to the next phase of growth" commented Mr. Jean-Yves Lavoie, P. Eng., Junex's Chief Executive Officer.
Over the coming months, Junex will focus on better delineating and further developing the potential of its Galt and Anticosti properties where independent evaluations have recently demonstrated significant petroleum potential. The Company will also evaluate investment opportunities outside Quebec.
About Peter Dorrins
Mr. Dorrins has participated in projects worldwide and held key technical specialist and management positions with a number of Oil & Gas companies active both in North-America and Internationally. His expertise includes among others, the definition and establishment of business strategies, the setting up of exploration and production programs and the negotiation of oil and gas agreements. Mr. Dorrins holds a Bachelor of Science - First Class Honours degree in Geology obtained from the University of Manitoba in 1980. He is also registered as a professional geologist with the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA) and he is a member of the American Association of Petroleum Geologists.
About Junex
Junex is a junior oil and gas exploration company that holds exploration rights on approximately 5.2 million acres of land located in the Appalachian basin in the Province of Quebec. The company is in the heart of the Utica Shale gas discovery located in the St. Lawrence Lowlands. As of June 30, 2010, Junex has a working capital of more than 17 million dollars. In parallel to its exploration efforts, Junex's goal is to achieve positive cash flows from its natural brine and drilling services operations.
Forward-Looking Statements and Disclaimer
Certain statements in this press release may be forward-looking. Forward-looking statements are based on the best estimates available to Junex at the time and involve known and unknown risks, uncertainties and other factors that may cause Junex's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. A description of the risks affecting Junex's business and activities appears under the heading "Risks and Uncertainties" on pages 8 to 11 of Junex's 2010 annual management's discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that Junex will derive therefrom. In particular, no assurance can be given as to the future financial performance of Junex. Junex disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event. The reader is warned against undue reliance on these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Junex Inc.
Mr. Jean-Yves Lavoie
President
418-654-9661
or
Junex Inc.
Mr. Dave Pepin
Vice President - Corporate Affairs
418-654-9661
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.