VANCOUVER, British Columbia, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Stamper Oil and Gas Corp. (TSX-V:STMP) (FSE:TMP2) (OTCQB:STMGF) (“Stamper” or “the Company”), is pleased to announce that Stamper has engaged Chapman Petroleum Engineering Ltd. (“Chapman”) to prepare a technical report in accordance with the National Instrument 51-101 - Standards for Disclosure for Oil and Gas Activities ("NI 51-101") standards and protocols which will be provided to the Company as part of the contract conditions to the pending transaction in Sudan.
Chapman will use the previous data and work completed by previous operators including data collected from a 6,700 km of 2D seismic and 432 sq. km of 3D seismic. The project area for exploration and production comprises 26,000 sq. km where the previous operator successfully drilled 3 discovery wells and 7 development wells.
Stamper Oil and Gas Chairman Lutfur Khan commented, “Stamper is pleased to commence this initial stage of the NI 51-101 technical report. As we begin to plan a work program we will look forward to updating the NI 51-101 technical report to reflect the progress of future exploration."
The Company believes that this basin is going to be a prolific oil producer in the near term. The Company will continue to pursue additional projects with similar potential.
About Chapman Petroleum Engineering
Chapman Petroleum Engineering Ltd. founded in 1985, is a Canadian consulting firm providing comprehensive petroleum engineering, geological and geophysical and management services covering the full spectrum of the oil & gas industry, domestically and internationally. Chapman services include reserve and economic evaluations and resource assessments, acquisition analyses, specialized technical studies, property exploitation and resource management, and representation for regulatory and legal purposes.
The key professionals at Chapman each have from 25 to 45 years of broadly diversified experience in the oil & gas industry, domestically and internationally. Chapman are Qualified Reserve Evaluators and Auditors under Canadian Securities Regulation Nl 51-101.
About Stamper Oil and Gas
Stamper Oil and Gas Corp. (TSX.V:STMP) is an independent international oil and gas company, engaged in the acquisition, exploration and development of conventional oil and natural gas properties. The Company plans to identify and build out a portfolio of high-impact oil and gas prospects, with a focus on Latin America. Stamper is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
For further information on Stamper Oil and Gas please visit www.stamperoilandgas.com
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Qamar M. Malik, MSc., Ph.D., Petroleum Engineering, who is a "Qualified Person" as such term is defined under National Instrument 51-101 ("NI 51-101") and Canadian Oil and Gas Evaluation (“COGE”) Handbook.
ON BEHALF OF THE BOARD OF DIRECTORS
“David C. Greenway”
President & Director
For further information, please contact:
Stamper Oil and Gas Investor Relations
Phone: (604) 684-2401
Email: ir@stamperoilandgas.com
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 this release.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Stamper Oil and Gas Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Stamper Oil and Gas Corp. management on the date the statements are made. Except as required by law, Stamper Oil and Gas Corp undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.