Oil and Gas Industry Veteran Jim Dunkelberg Joins UC Hub Board of Advisors
UC Hub, Inc. (Pink Sheets: UCHB.PK) announced today that oil and gas industry veteran Jim Dunkelberg has joined the Company’s board of advisors. Dunkelberg has over 20 years of experience in all phases of oil and gas exploration. His main focus has been joint venture partner program development and management. Additional industry-specific experience includes exploration, seismic consortiums, oil and gas leasing and optioning, acquisitions, reservoir mapping & modeling, petrophysics and 3D and 4D multi-component seismic operations.
Throughout his career, Dunkelberg’s focus has been on identification, development and implementation of new technologies to enhance exploration effectiveness, increase reservoir recovery, improve field operation efficiencies and lower CAPX (capital expenditures) and OPEX (operating expenditures). His recent focus is on commercializing patented and patent- pending steam and surface mining technologies specifically for heavy oil and bitumen recovery. Jim also has patented and patent-pending source technologies for generation, processing and interpretation of 9C (9-component) 3D, multi-component seismic data for enhanced reservoir and exploration mapping. He has consulted for some of the largest exploration companies in the world, including international and multinational oil and gas enterprises, both public and private, and he serves as a consultant to several financial services institutions with emphasis on oil and gas exploration and production technologies.
Dunkelberg is director and CEO of Canadian Hydrothermal Recovery Technologies, Inc. and director and general manager of Shear Wave Exploration Partners, LLC. He has a degree in geology with a minor in chemistry and has twice been a research fellow in a directed research project at the University of Texas, Bureau of Economic Geology, in the Elastic Wavefield Laboratory.
Dunkelberg stated, “I am very pleased to join UC Hub and offer my guidance and expertise. I have personally witnessed Larry’s tenacious efforts to get things done, coupled with his never- give-up attitude over the past two years, and I think this Company is poised for growth. "These are exciting times, and the properties that the Company currently has in its inventory appear to have good upside potential."
“UC HUB Group, Inc. welcomes the expertise of Mr. Dunkelberg, and looks forward to his advice on maximizing output and reserves on our Illinois oil fields,” said CEO Larry Wilcox. Wilcox said that the Company’s plans include Mr. Dunkelberg’s oversight of the drilling of new wells and reworking of some existing wells using new and unique technologies. “These technologies have the potential to be a major economic differentiator for the UC Hub Group properties, including oil, gas and mining, and the basis for an outstanding business model to accelerate cash flow and profitability,” Wilcox added.
UC HUB GROUP, INC. is an acquisition-oriented company focused on recurring revenue and growth through a portfolio of producing oil and gas leases and proven mineral and gem properties throughout North America. Visit the Company’s web site at www.uchub.net.
Safe Harbor Provisions
This news release includes forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this news release include statements regarding the potential of the property and the enhanced value of the Company. The forward- looking statements are subject to risks and uncertainty, that could cause actual results to differ materially from those projected in these forward-looking statements Such statements include the risks that the property may not be as valuable as anticipated, the ability of management to successfully operate the property and market any products derived therefrom and general economic conditions.. All forward-looking statements in this news release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk factors discussed in the Business and Management’s Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
Contact:
Jordan Richard Associates LLC
Madeline Franco – 702 256 4905
Larry Wilcox – info@uchub.net
1 800 278 8870
Tuesday, March 9, 2010
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