ANNOUNCES PARTNERSHIP WITH CNOG
Perisson Petroleum Corp. (POG.V) has concluded a strategic initiative that involves the acquisition and sale of worldwide petroleum products into China. The Company has become the global partner of Oil & Gas Engineering Co Ltd of CNNC Geo-Mining Shaanxi ("CNOG") for the purchase, transportation and sale of petroleum products into China. Concurrently, CNOG will partner with the Company for the acquisition and development of petroleum and infrastructure assets.
CNOG is a wholly-owned subsidiary of State-owned China National Nuclear Corporation (CNNC) under the direct management of the central government of China. Their website can be found at http://en.cnnc.com.cn/oilandgasengineering.html
Perisson will immediately initiate the global acquisition and sale of crude oil to meet the CNOG refinery feedstock requirements of petroleum products into China under this new partnership. Oil & Gas Engineering Co Ltd of CNNC Geo-Mining Shaanxi has all the necessary approvals from China authorities and the required authorizations allowing for the acquisition of the petroleum products. Mr. Wayne Rousch, President of Perisson, stated "We at Perisson are very excited about this new strategic initiative which will allow the Company to take advantage of its contacts in both China and the worldwide oil and gas markets to allow for the vertical expansion of its business from exploration into petroleum supply including the acquisition and development of strategic petroleum and infrastructure assets. "
About Perisson Petroleum Corporation
Perisson Petroleum Corporation is listed on the TSX Venture Exchange and trades under the symbol "POG". The Corporation has ownership in certain oil and gas producing properties in the Twining area of Alberta, Canada. The Company also holds a 100% working interest in the VMM-17 block, a license located in the prolific, stable, oil-producing region of the Middle Magdalena Basin in central Colombia.