Cloudbreak Resources Ltd. Appoints Advisory Board Members; Dr. Hairuo Qing, Ph.D., P.Geol. and Mr. Trevor Bremner, M.Sc., P Geol.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/04/10 -- Cloudbreak Resources Ltd. (TSX VENTURE: CDB)(PINK SHEETS: CUDBF)(FRANKFURT: C6K) -
Richard Macey, President, is pleased to announce the appointment of Dr. Hairuo Qing and Mr. Trevor Bremner to the Company's Advisory Board.
Professor Hairuo Qing, Ph.D. (McGill), P. Geol., is Head of the Department of Geology at University of Regina, Saskatchewan. Prior to joining the University of Regina in 1999, he served three years as a lecturer at the Royal Holloway University of London, UK, and two years as a Research Fellow for the Geological Survey of Canada in Calgary. Dr. Qing's primary research focus is on reservoir characterization and modeling to develop effective exploration and production strategies, and to aid in the selection of secondary and tertiary recovery techniques. He has a particular interest in dolomitization and diagenetic alteration of carbonates, and their effect on porosity distribution, reservoir quality, and fluid flow. This work has direct application in predicting reservoir distribution and performance, and accurately estimating recoverable reserves. Dr. Qing has published or coauthored more than 90 research papers in refereed journals, 96 conference abstracts, and nine technical reports on a wide variety of petroleum-related topics that include numerous detailed studies of Ordovician to Mississippian carbonate reservoirs in British Columbia, Alberta, Saskatchewan, and China. His work has attracted wide international attention, and has generated more than $3.25 million in research grants. Dr. Qing's detailed knowledge of the Williston Basin, and his specific studies of the Red River, Midale, Frobisher and Alida reservoirs of southeast Saskatchewan, as well as the Shaunavon reservoir of Southwest Saskatchewan, will be of immense value to Cloudbreak in developing its current acreage and advising on future acquisitions.
Trevor Bremner M.Sc. P. Geol. is a consulting geologist with a wide range of Canadian experience in petroleum mineral exploration and government. In the petroleum industry he held a variety of positions with Imperial Oil, Mobil Oil Canada and Mobil-GC Canada, working on a broad range of projects in the Western Canadian Sedimentary Basin, the Canadian Beaufort and the Avalon Basin of offshore Newfoundland. Mobil-GC Canada was a subsidiary that inherited General Crude's Canadian assets after a takeover by Mobil Corp in the US. This assignment gave Mr. Bremner an opportunity to plan and participate in the drilling of numerous light and heavy oil wells, and to gain experience in many aspects of exploration, drilling, production and unit negotiations. At Mobil Oil Canada, Mr. Bremner served in a variety of positions in exploration and production, including supervision of an exploration group of eight geologists and geophysicists working in the Grand Banks area of Newfoundland. Mr. Bremner is a registered Professional Geologist in Alberta, Saskatchewan and Manitoba.
'The extensive experience of Dr. Qing and Mr. Bremner will prove invaluable to our Company, while charting a course to exploit the full potential of its oil assets towards production and beyond,' said Mr. Macey. 'We are committed to building a solid asset base and a team of dedicated professionals, to create a company of lasting value that will continue to increase shareholder wealth.'
The Company today has granted an aggregate of 600,000 incentive share purchase options to a Director and Consultants exercisable at $0.31 per common share with a term of ten years.
ON BEHALF OF THE BOARD
Richard Macey, President & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy ouf this release.
Contacts:
Cloudbreak Resources Ltd.
Richard Macey
President & Director
(604) 669-0401 or Toll Free: 1 (800) 669-0401
(604) 669-0414 (FAX)