Precision Petroleum Appoints New Chief Financial Officer

Precision Petroleum Corporation has announced the appointment of Mr. James Kirby as the Corporate Chief Financial Officer effective June 3, 2009.

James Kirby has an extensive business background both in the petroleum industry and the financial sector.

His previous engagements at senior management levels include The First National Bank of Shawnee, Bank One, Liberty Bank & Trust, Choctaw State Bank, and The Republic Bank of Tecumseh. Mr. Kirby has been instrumental in assisting financial institutions in successful re-organizations and is abundantly familiar with State and Federal regulations pertaining to the financial and petroleum arenas.

President, Richard Porterfield states the appointment of Mr. Kirby gives Precision a substantial basis in the development of a prominent administrative core. With the recent acquisitions of nine producing oil and gas leases and the associated expansion opportunities, James Kirby brings a level of expertise necessary for the budgeting, financial controls and funding prospects of the Company.


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