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Monday, April 07, 2014 9:11:03 PM
http://ih.advfn.com/p.php?pid=nmona&article=61756417&symbol=DINO
Dino Energy Corporation (OTCBB:DINO) ("Dino" or the "Corporation"), listed on the OTCBB ("OTCBB") is pleased to announce that it has entered into an Agreement ("Agreement") dated April 7, 2014 in which Dino will assume, along with conditions, 49% ownership interest in a newly established company in Qatar, Dino Energy Petroleum Services, to pursue oil and gas exploration and development projects in Qatar. Dino Energy Petroleum Services is currently waiting for a vendor license to begin its operations. In addition to Dino, there are two other shareholders, one of which is Sheikh Fahad Al-Thani who is a member of the Royal Family of Qatar.
"We are very excited to have this opportunity to join this newly established Qatar company to pursue the exploration and development of oil and gas projects in Qatar. Qatar along with other countries in the Middle East has some of the most prolific oil fields in the world, with a relatively low operating cost. We are particularly excited about the opportunity to join Dino Energy Petroleum Services and to work with a member of the Qatar Royal Family, and are looking forward to develop a long term working relationship with him," said Eric Lawson, President and CEO of Dino.
For further information,
PLEASE CONTACT:
Dino Energy Corporation
Eric Lawson, President and CEO
Telephone: (403) 287-0066
Facsimile: (403) 228-3013
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