HUNTER TECHNOLOGY APPOINTS OIL INDUSTRY VETERAN AS SENIOR ADVISOR
03 December 2020 - 12:00AM
via InvestorWire – Hunter Technology Corp. (TSX-V: HOC; OTCQB:
HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090)
(“
Hunter” or the “
Company”) is
pleased to announce that it has appointed Mr. Jim Daley as its
Senior Advisor on Physical Hydrocarbon Trading. Mr. Daley
will support Hunter’s technology executives and their team in the
development of the OilEx and OilExchange platforms, providing
guidance and advice on all aspects of the marketing and trading of
physical crude oil throughout the trade life-cycle.
Mr. Daley has over 45 years of experience in the
oil industry, beginning his career with Chase Manhattan Bank,
following which he spent 13 years at Marc Rich + Co AG (now
Glencore Xstrata Plc.), progressing to Partner and Global Head of
Crude Oil Trading. In this role, Mr. Daley was responsible
for managing approximately 1 million barrels per day of physical
crude oil trading as well as the associated derivative trading,
freight, finance and operations.
In 1990, Mr. Daley founded Masefield AG where he
held the position of Executive Chairman until 2012. During
his tenure, the business grew to a turnover of USD $4.5 billion in
physical trading and USD $7 billion in associated derivative
trading and shipping. As Executive Chairman Mr. Daley was
responsible for oversight of Masefield AG’s worldwide activities
spanning physical crude oil, petroleum products, natural gas, steam
coal, bio-fuels and petrochemicals. In 2004, while overseeing
Masefield AG’s global operations, Mr. Daley founded International
Energy Group AG; a spin-out from Masefield AG for the handling of
all non-commodity-business assets. Mr. Daley oversaw both the
divestiture and public-market listings of these assets through his
position as Executive Chairman. Since 2012, Mr. Daley has
remained active in physical oil trading while also consulting to a
wide range of industry participants.
“We are excited to engage Mr. Daley in his
capacity as Senior Advisor to Hunter,” said Andrew Hromyk, Hunter's
CEO. “It’s imperative that the development of our platform
technology is driven by industry demands and requirements. Through
Mr. Daley’s appointment, Hunter gains access to extensive knowledge
and experience garnered from decades of real-world physical
commodity trading activities, specifically, the buying and selling
of physical crude oil and related post-trade process management and
logistics. Our OilEx and OilExchange interfaces must resemble
existing trading norms while providing a new standard for
governments, sovereigns and independent producers seeking to
streamline consistent and repetitive transactions in a secure
environment.”
About Hunter Technology Corp.
Hunter Technology Corp. is an oil industry service provider
developing interactive platforms to enable the facilitation of
physical oil transactions throughout the trade lifecycle, with more
favourable economics for producers and access to a fair market for
all. Through oilex.com Hunter will operate a physical oil
marketplace to facilitate the buying and selling of physical oil by
independent producers to corporate consumers, traders and sovereign
purchasers. And through oilexchange.com, Hunter will offer
robust supply chain management tools that track physical oil
throughout the supply chain and automate the reporting process.
ON BEHALF OF THE BOARD OF DIRECTORS Andrew
Hromyk
Chief Executive Officer(888) 977-0970
For further information, visit our
website at
www.huntertechnology.com.
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.
Cautionary Statement Regarding
Forward-Looking Information.This news release contains
certain statements which may constitute forward-looking statements
or information regarding Hunter’s business development plans. Such
forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Hunter's control, including
execution risk, market risk, industry risk, the impact of general
economic conditions and competition from other industry
participants, stock market volatility and the ability to access
sufficient capital from internal and external sources. Although
Hunter believes that the expectations in its forward-looking
statements are reasonable, they are based on factors and
assumptions concerning future events which may prove to be
inaccurate. Those factors and assumptions are based upon currently
available information. Such forward-looking statements are subject
to known and unknown risks, uncertainties and other factors that
could influence actual results or events and cause actual results
or events to differ materially from those stated, anticipated or
implied in the forward-looking statements. As such, readers are
cautioned not to place undue reliance on the forward-looking
statements, as no assurance can be provided as to future results,
levels of activity or achievements. The forward-looking statements
contained in this news release are made as of the date of this news
release and, except as required by applicable law, Hunter does not
undertake any obligation to publicly update or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise. The forward-looking
statements contained in this document are expressly qualified by
this cautionary statement. Trading in the securities of Hunter
should be considered highly speculative. There can be no assurance
that Hunter will be able to achieve all or any of its proposed
objectives. Please review Hunter’s Filing Statement dated October
21, 2020 and filed under the Company's SEDAR profile
at www.sedar.com for a more fulsome discussion of risk
factors.
Wire Service Contact InvestorWire (IW) Los
Angeles, California www.InvestorWire.com 212.418.1217 Office
Editor@InvestorWire.com
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