Archer Petroleum Corp. Appoints New CEO and Board Member
Vancouver, British Columbia, CANADA (September 23, 2010) - Archer Petroleum Corp (TSX.V-ARK, OTCQX:APEUF, DB Frankfurt: A6VA), (the “Company”), is very pleased to announce effective immediately, the appointment of Mr. Claude V. Perrier III to the position of Chief Executive Officer and a Director of the Company.
Mr. Perrier has 30 years of experience in the Oil & Gas Industry with a key focus on finding, acquiring and developing lower risk, higher impact assets with a high potential return on investment.
Since 1998, Mr. Perrier has been the Managing Director of Henican Terrebonne Property, LLC. where he has overseen the drilling, leasing, subleasing, and permitting of oil and gas wells in South Louisiana, and since 2000 has been a Director of the Louisiana Landowners Association. Mr. Perrier founded the Land Management Group in 1985 which managed all forms of land acquisition projects, including leasing for oil and gas and hard minerals as well as negotiating and implementing a broad spectrum of agreements and contracts for clients including Shell Oil Company, Union Pacific Resources and Burlington Resources. Perrier received his Bachelor of Science Degree from Louisiana State University in 1980.
Mr. Perrier states “Archer Petroleum is an opportunity that I am delighted to be a part of. The team has considerable technical and operational experience and I believe that our mandate of delivering high rate-of-return projects will provide shareholders with significant growth potential in both the short and long term.”
To enable this appointment, Mr. Victor Barcot is stepping down as Chief Executive Officer but will remain an active Director of the Board. The Board wishes to thank Mr. Barcot for his service as CEO.
Mr. Barcot states “I am very excited that Archer has been able to attract an individual with the skill and experience that Claude has. Claude will be a huge asset in the future growth of Archer, and I look forward to working with him to deliver shareholder value going forward.”
To position Mr. Perrier on the Board of the Company, co-founder Arni Johannson has stepped down as a Director of the Board and will move to an advisory role within the Company. The Board wishes to thank Mr. Johannson for making this concession and looks forward to working with him as a valued advisor to the Company.
About Archer Petroleum:Archer Petroleum Corp. is an independent oil and gas company focused on the exploration and development of its assets in North America including the Western Canadian Sedimentary Basin Projects in Alberta, Permian Basin of West Texas and the Bakken Shale area of North Dakota. The Company’s shares are listed on the TSX Venture Exchange under the symbol “ARK”,
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 of the release.
ON BEHALF OF ARCHER PETROLEUM CORP.
"Colin Bowkett"
President
For further information contact:
Colin Bowkett
President
Archer Petroleum Corp.
Tel: (604) 683 - 7588
Fax: (604) 683 - 7589
info@archerpetroleum.com
www.archerpetroleum.com
or
Ali Sinawi
Tribeca Capital Partners Inc
1-866-944-8674
ali@tribecacap.com
http://www.tribecacap.com