MCW Energy Group Appoints Top-manager As Coo Of Its Oil Sands Operations In Asphalt Ridge, Utah
MCW Energy Group is pleased to announce the appointment of R.Burk Adams, P.E., as Chief Operating Officer of MCW Oil Sands Recovery, LLC.
- (1888PressRelease) October 21, 2011 - Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW Energy Group, trading on the Open Market of the Frankfurt Stock Exchange, a Canadian holding company involved in oil production/distribution and oil sands recovery technology, is pleased to announce the appointment of R.Burk Adams, P.E., as Chief Operating Officer of MCW Oil Sands Recovery, LLC, which is based in Utah.
Mr. Adams has a diverse range of experience in industrial project management, engineering design and the economic evaluation of petroleum, mineral and chemical process projects with an emphasis on oil sands processing, asphalt production and heavy oil upgrading. His past projects include corporate and project management/development, field engineering, pilot plant design/operation, bankable feasibility studies, contract development/administration, facility start-up, detailed operating/capital cost estimates, financial/risk analysis, process simulation, flow-sheet and P&ID development/Process Safety Management (PSM), including Process Hazard Analysis (PHA), process modelling, (HYSIS,UNISIM), project scheduling/tracking, equipment sizing/design, criteria development and energy/mass balances.
Most recently, Mr. Adams was a Senior Consulting Engineer for Worley/Parsons Canada/Imperial Oil Resources, Calgary, Alberta, where he was responsible for the processing/project development of a non-aqueous extraction method for processing bitumen from oil sands. Prior to that, he was a Senior Process Engineer for Ringstrom Engineering, Albian Sands, Fort McMurray, Alberta and was responsible for the review of system venting scenarios. Mr. Adams was also a Senior Process Manager for Korea Technology Industry (America) in Vernal, Utah, responsible for leading a Process Design Team in the design, construction and commissioning of a 1200 bpd oil sands extraction demonstration facility, including ore preparation, extraction, dry tailing system, water and froth treatment and solvent recovery. He holds an MBA Degree in Operations/Finance Emphasis and a BS Degree in Chemical Engineering from Brigham Young University.
MCW is confident that Mr. Adams will provide his leadership, his regional knowledge and the expertise required to lead the Company's team forward as it develops its oil sands lease in Asphalt Ridge Utah, together with the fabrication program of an initial 250 bpd extraction plant which is currently underway. Please view the series of Company press releases at: www.mcwenergygroup.com.
About the MCW Energy Group:
MCW Energy Group is a Canadian holding company with two principal portfolio companies: the California-based McWhirter Distribution Company, established in 1938, a leading distributor of branded and unbranded gasoline and diesel products throughout the United States, and MCW Oil Sands Recovery, LLC, an oil sands extraction technology company based in Utah, which is focused on providing a new source of domestic oil from America's virtually untapped oil sands resources. With an ongoing production of oil from its oil sands leases, the Company intends on becoming a profitable supplier of oil to several regional refineries. This new revenue stream will provide strategic leverage for MCW through direct control of oil pricing and supply within its core distribution network. With the combination of a successful petroleum product distribution network and the supply of its own oil, MCW intends on becoming a vertically integrated energy company.
North American Investor Relations Contact:
Paul Davey,
MCW Energy Group
334 Main St., Suite 101
Shediac, NB, E4P 2E5 Canada
Tel.: 001 (800) 979-1897
Fax: 001 (866) 571-9615
Mail: info ( @ ) mcwenergygroup dot com
Germany/Europe Investor Relations Contact:
Jörn Gleisner
Tel.: +49 (0)69 95 90 83 20
Fax: +49 (0)69 95 90 83 99
Mail: j.gleisner ( @ ) financial-relations dot de
The information does not constitute an offer of or an invitation by or on behalf of MCW Energy Group or any of its subsidiaries to subscribe for or purchase securities of MCW Energy Group or any of its subsidiaries, but is provided as a matter of record only.
In particular, the information contained does not constitute an offer of securities for sale or solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
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