HOUSTON, Jan. 19, 2015 /CNW/ - Enhanced Oil Resources Inc.
(TSX-V: EOR; OTCQX: EORIF) is pleased to announce the election of
Andrew Hromyk, Al H. Denson, J. Mark
Strawn, Srinivas Polishetty and Konstantino S. Ghertsos to
its board of directors at the Company's Annual General Meeting held
January 15, 2015.
Mr. Hromyk, CEO stated: "We are grateful to have received the
support of shareholders for our plan to reduce expenditures and
preserve capital while utilizing the Company's assets to create
shareholder value."
The Company shareholders also approved the appointment of Hein
& Associates LLP, Certified Public Accountants as the Company's
auditors for the fiscal year ended December
31, 2014, as well as the Company's 2014 Stock Option
Plan. The Company's Advance Notice Policy was not
confirmed. Accordingly, as described in the Information
Circular for the Meeting, that Policy terminated and is no further
force or effect.
About Enhanced Oil Resources Inc.
Enhanced Oil Resources Inc. owns and operates two large historic
oil fields in New Mexico, the
Milnesand & Chavaroo oil fields. Recorded Production of
these two fields is in excess of 37 million barrels, representing
approximately 10% of the oil in place. The Company plans to
unlock the value in these resource-rich fields by increasing the
efficiency of its operations, and by applying new and proven
unconventional production technologies.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew
Hromyk
Director
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE
SOURCE Enhanced Oil Resources Inc.