June 19, 2009 — Calgary, Canada — Osum Oil Sands Corp. welcomes the latest key hires Heather Screaton, Hall Middlemiss and Murray Morrell to the organization as it prepares to file a commercial application for a 35,000 barrel per day project later this year. All three will play an important role in the next phase of development for this Alberta based in situ oil sands company.
Heather Screaton has joined the professional management team as Director of Human Resources. She will be spearheading the recruitment initiatives, with a major focus on employee engagement.
With over 20 years in business, Ms. Screaton has received many formal awards and has been recognised for her ability to create people solutions that drive improved business results. She has been an elected Director to the Human Resources Institute of Alberta and has served as a volunteer to various community boards. Ms. Screaton comes to Osum from her company Dancing Bear Consulting Inc. with extensive cross-sector experience.
Osum also welcomes Hal Middlemiss to the professional management team, in the position of Health and Safety Manager.
Mr. Middlemiss comes to Osum from Petro-Canada, and brings with him 25 years of Industrial Construction and Operations experience. He has provided Environmental, Health, Safety and Security (EHS&S) support for a number of industrial construction projects in Alberta over the last 11 years. Most recently, Mr. Middlemiss was Petro-Canada’s Construction Total Loss Management Advisor with EHS&S responsibilities at MacKay River and Fort Hills. Mr. Middlemiss has served on several initiatives, including the Construction Owners Association of Alberta safety committee, which he has co-chaired for the past 9 years.
Murray Morrell has joined Osum in the role of Commercial and Marketing Manager. He has 29 years of industry experience, including 10 years in crude oil marketing with Nexen where he was Business Development Manager (Global Oil). Mr. Morrell’s initial focus will be on creating upside in the downstream for the Taiga Project.
June also marks the launch of Osum’s new career site in anticipation of the company’s upcoming expansion. Contrary to market trends, Osum is staffing up for their Taiga Project in the Cold Lake area. The goal is to hire 25 individuals by the end of the year, with a focus on engineering, geosciences, and geophysics as well as support staff.
Osum Oil Sands Corp. is a privately held Alberta based company focused on the application of in situ recovery technologies within Canada’s oil sands and carbonates. Osum’s mission is to provide secure, safe energy to North Americans though innovative and environmentally responsible business practice.
Cautionary Information and Forward Looking Statements
Certain statements contained in this press release, including the documents incorporated by reference, may contain projections and “forward-looking statements” within the meaning of that phrase under Canadian and U.S. securities laws. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions may be used to identify forward-looking statements. Those statements reflect our current views with respect to future events or conditions, including prospective results of operations, financial position, predictions of future actions or plans or strategies.
Certain material factors and assumptions were applied in drawing our conclusions and making those forward looking statements. By their nature, those statements reflect management’s current views, beliefs and assumptions and are subject to certain risks, uncertainties, known and unknown, and assumptions, including, without limitation, machinery development or production delays, changing environmental regulations, the ability to attract and retain business partners, the ability to exploit hydrocarbon resources with our technology, future levels of government funding, the need to obtain and maintain proprietary rights over our technology, competition from other technologies, the ability to access the capital required for research, technology development, operations and marketing, the need to generate positive cash flow in the foreseeable future, changes in energy prices and currency levels.
Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should the assumptions underlying our projections or forward-looking statements prove incorrect, our actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements whether as a result of new information, plans, events or otherwise.
Our securities are not traded on any stock exchange in Canada and thus, Osum is not subject to regulation by any Canadian stock exchange. Our securities are also not registered under the United States Securities Act of 1933 nor are they traded on any securities or stock exchange in the United States. As a result, we are not presently subject to the reporting, certification or other requirements imposed on U.S. registered issuers under, among other things, U.S. Sarbanes-Oxley Act of 2002 (“SOX”).
For more information: Justin Robinson