Premier Energy Corp. Provides Guidance on Current Business Focus
Thursday October 23, 12:59 pm ET
New CEO to lead efforts in energy area
NEW YORK, Oct. 23 /PRNewswire-FirstCall/ -- Premier Energy Corp. (OTC Bulletin Board: PNRC and Frankfurt Stock Exchange) today provided guidance on its current business focus following the hiring last week of Dr. Anton Prodanovic as its Chief Executive Officer. Premier's previous activities have been discontinued, and we have determined to focus our efforts in a new area concentrating on activities in the area of oil and gas exploration and production.
One of the first steps in this new direction includes the previously announced October 16, 2008 hiring of Dr. Anton Prodanovic as our Chief Executive Officer. Dr. Prodanovic previously held positions in senior management at Mobil Corporation and Exxon Production Research Co., a division of Exxon Corporation. He has significant professional experience in the evaluation, planning, permitting, contracting, construction and management of various energy projects.
Our efforts will now be focused on the conduct of oil and gas exploration and production activities. We are seeking to create value through a balance of drilling activities, exploration and acquisitions of assets and companies. We will seek to locate and develop natural oil and gas reserves and extract these reserves while maintaining economical production and administrative costs.
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