Lions Petroleum Inc. Announces a New Director.DENVER, Colo. -- Lions Petroleum Inc. ("Company"), (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : LPET LPET Logarithmic Poisson Execution Time ) is pleased to announce the appointment of Mr. Eric H. Olsen, P. Eng P. ENG Professional Engineer P. ENG process engineer ., to its Board of Directors. Mr. Olsen received his Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies Degree in Petroleum Engineering from Montana Tech, The University of Montana. He has been a member of the Society of Petroleum Engineers of AIME since 1972. Mr. Olsen's extensive experience in the Rocky Mountain and Mid Continent regions of the United States, more specifically in the "Cherokee Basin" located in SE Kansas. Such experience will be an invaluable asset to the Company and its ability to succeed in the Cherokee Basin. ABOUT LIONS The Company is a Delaware corporation that has oil and gas leases in Northern Alberta and the Williston Basin in South Saskatchewan. The Company has an interest in two producing wells in Lavaca County, Texas Lavaca County is a county located in the U.S. state of Texas. In 2000, its population was 19,210. Its county seat is Hallettsville6. The county is named for the Lavaca River. Geography According to the U.S. with an option to participate in two additional undrilled wells. The Company has signed Letters of Intent to acquire 20 miles of pipeline, tap into the main Southern Star Line, 45 gas wells, and 38,277 acres of petroleum leases, located in Bourbon, Crawford & Neosho counties in South East Kansas, located in the Cherokee Basin. The Company has signed a Letter of Intent to acquire 14,184 acres of petroleum leases in Harrison and Daviess Counties, located in the Forest City Basin in N.E. Missouri. The Company is currently seeking additional projects throughout North America. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of Lions Petroleum Inc. There are substantial risks associated with investing in development stage energy exploration companies. No Securities Commission or similar authority has in any way approved any of the information contained in this press release. |
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