MONTREAL, Sept. 4, 2012 -- Marzcorp Oil & Gas Inc. ("Marzcorp") is pleased to announce that they have signed West Virginia Oil & Gas Operator, Ryan Cunningham, as Chief Operating Officer.
Cunningham Energy LLC ("Cunningham Energy") has been chosen as the contract drilling partner for Marzcorp's 935,090 acre Quebec Prospect. Mr. Ryan Cunningham, who heads up Cunningham Energy, will oversee the drilling and production activities of Marzcorp Oil & Gas Inc. The company has drilled over 60,000 feet of new Appalachian well footage in the past calendar year. A Speedstar 185 Top Drive Drilling rig has been procured by Cunningham Energy for use in the Marzcorp's Drilling Program. Operations in the Gaspe region will include Cunningham Energy's West Virginia contract drilling personnel.
Ryan Cunningham began his petroleum production and exploration career in Clay County, West Virginia working for D & A Oil and Gas Corporation at an early age in 1990. Since that time Ryan Cunningham has had an array of working experience ranging from the West Virginia Department of Environmental Protection (Oil & Gas Division), to various positions with Wall Street investment firms. In 2008 Ryan Cunningham formed Appalachian E&P firm Cunningham Energy LLC, based in Charleston, West Virginia. Mr. Cunningham holds a B.A. in Environmental Policy from Rollins College.
Marzcorp is a private Canadian oil and natural gas exploration company in the Gaspe Peninsula in Quebec. The Company's permits cover 378,579 hectares (935,090 acres) in the Matapedia Valley, Gaspesie, Quebec, with half the land located in the Taconic belt and half in the Gaspe belt. Marzcorp received a geological evaluation of prospective resources dated March 31st, 2011, effective April 1st 2011 (the "Chapman Report"), prepared by Chapman Petroleum Engineering Ltd. in accordance with standards set out in the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities. Based on exploration work including 2D seismic and other exploration activity in the area, the report focused on four identified prospects for oil. Further exploration and development work is proposed to delineate the prospective resources including 3D seismic and two exploration wells.
About Cunningham Energy LLC
Cunningham Energy LLC is a private independent production and exploration company based in Charleston, West Virginia. The company was formed in 2008 for the purpose of acquiring, exploring, and producing oil and gas in the Appalachian, Illinois, and Williston Basins. Since inception, Cunningham Energy has relied on past experience in parallel with the application of new technologies to succeed in the ever changing field of efficient energy production. Cunningham Energy is positioned to take advantage of current and future trends in oil and natural gas production throughout these basins with aggressive but responsible decisions in the coming future.
Safe Harbour Statement
News releases include statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements include, but are not limited to, the amount of funds the Company may receive, the Company's proposed acquisition and development properties, including drilling projects. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the possibility that additional investments will not be made or that appropriate opportunities for development will not be available or will not be properly developed. For additional risk factors our Company readers should refer to risk disclosure contained in our reports filed with SEDAR.
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MARZCORP OIL & GAS INC.
SOURCE Marzcorp Oil & Gas Inc.