Primary Petroleum announced that James R. Ehrets, P.Geol., has joined Primary's technical team and the Board of Directors, effective immediately.
Mr. Ehrets brings 30 years of experience as a Petroleum Geologist to Primary's current technical team. His past experience includes the last four years as VP Exploration for Headington Oil Company, LLC ("HOC"). As a member of the senior management team for the Texas-based independent, his responsibilities included management of HOC's horizontal Bakken drilling program in the Williston Basin which culminated in the $1.85 billion divesture to XTO Energy. Previously, Mr. Ehrets also served as a consultant to various CamWest Companies where he was involved in horizontal drilling programs in the Northern Rockies and also provided technical assistance for their $300 million asset divestiture to PrimeWest Energy.
"Mr. Ehrets' experience in the geological evaluation and interpretation of oil bearing formations, in particular the Bakken and Three Forks in Montana, will be a great asset to Primary as we move forward in 2011 to further develop our Alberta Basin Bakken prospect in Western Montana and our Williston Basin joint venture prospect in Daniels county in northeastern Montana," comments Rod Haverslew, VP Exploration.
Jim Ehrets commented, "Primary has assembled a strategic acreage position in the developing Bakken Fairway in northwestern Montana, and I am pleased to be involved in advancing operations to the drilling stage. The recent demonstration of key components of the Bakken Petroleum System in the South Alberta Basin makes this a very attractive area for the exploration and development of potentially significant oil reserves."
Mike Marrandino, President & CEO stated, "Mr. Ehrets' Bakken experience in both exploration and exploitation in Montana strengthens our team. Our Company and its shareholders are fortunate in retaining someone of this caliber to both our technical team and Board of Directors as we move forward as the largest land holder of non native freehold leases in the Alberta Basin Prospect in Western Montana."
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