CALGARY, Feb. 15 /CNW/ - Kroes Energy Inc. (TSX Venture: KRS) announced today that C. James Cummings, LLB has agreed to join its Board of Directors, effective immediately. Mr. Cummings is a partner in the law firm, International Energy Counsel of Calgary, Alberta and has extensive oil and gas industry experience both in Canada and abroad. Prior to establishing his own law firm, Mr. Cummings was General Counsel for Asamera Inc. and Bow Valley Industries Inc. He currently serves as a Director for a number of public and private corporations. Fred Callaway, President and CEO of Kroes, said: "We are delighted to have Mr. Cummings join the Kroes team. His combination of legal expertise and experience in the oil and gas industry will be a great benefit to Kroes, especially as it looks to expand its oil and gas portfolio." Kroes Energy is a junior oil and gas producer and explorer participating in the Lelyaki Oilfield redevelopment project in Ukraine, one of Eastern Europe's fastest growing economies. Kroes has a strong management team, with extensive international experience. Shares trade on the TSX Venture Exchange under the symbol KRS. FORWARD-LOOKING STATEMENTS This disclosure contains certain forward-looking estimates that involve substantial known and unknown risks and uncertainties, certain of which are beyond Kroes' control, including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition, there are risks and uncertainties associated with oil and gas operations; therefore, Kroes' actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward- looking estimates and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking estimates will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, that Kroes will derive from that. %SEDAR: 00007855E
