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Petro Resources Corporation: Petro Resources Schedules Conference Call With New Chairman of the Board

^{Published on 2009-05-27 07:12:12, Last Modified on 2009-05-27 07:13:07 - Market Wire}
 

HOUSTON, TX--(Marketwire - May 27, 2009) - Petro Resources Corporation (NYSE Amex: [ PRC ]) ("the Company") announced today it will host a conference call to introduce Mr. Gary C. Evans, the newly appointed Chairman of the Board of Directors of the Company. Mr. Evans will discuss his business background and experience, current views on the industry, and plans for the Company. He will be available to answer questions following his remarks.

The conference call will be held on Wednesday, May 27, 2009 at 3:15 p.m. CDT. Anyone who is interested in participating in the conference call can dial in at 800-704-9804, conference code is 893427#. Alternatively, the conference call will be archived and those who wish to listen can log on through the Company web site at [ www.petroresourcescorp.com ].

About Petro Resources

Petro Resources Corporation and subsidiaries is an independent exploration and production company engaged in the acquisition of exploratory leases and producing properties, secondary enhanced oil recovery projects, exploratory drilling, and production of oil and natural gas in the United States.

For more information, please view our website at [ www.petroresourcescorp.com ].

Forward-looking Statements

The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding the Company's expectations, beliefs, intentions or strategies regarding the future. Such forward-looking statements may relate to, among other things: (1) the Company's proposed exploration and drilling operations on its various properties, (2) the expected production and revenue from its various properties, (3) the Company's proposed redirection as an operator of certain properties and (4) estimates regarding the reserve potential of its various properties. These statements are qualified by important factors that could cause the Company's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) the Company's ability to finance the continued exploration, drilling and operation of its various properties, (2) positive confirmation of the reserves, production and operating expenses associated with its various properties; and (3) the general risks associated with oil and gas exploration, development and operation, including those risks and factors described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K and Form 10-K/A for the year ended December 31, 2008 filed with the Securities and Exchange Commission on March 31, 2009 and April 29, 2009, respectively, and our subsequently filed reports. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.