DALLAS, May 19, 2015 /PRNewswire/ -- Breitling Energy (OTCBB:BECC) CEO and Chairman, Chris Faulkner, is addressing the 8th annual Platts Global Crude Oil Summit today in London. Amidst a tour of meetings and speaking engagements in the Middle East, England and the Far East, Faulkner continues to be in high demand in the British press, appearing five times Monday on various BBC global radio and television programs.
Faulkner is featured in the "Newsmaker Session" at the Summit, discussing the state of U.S. shale development and its future. He will engage in an interview-format discussion with John Kingston, President of McGraw Hill Financial Global Institute.
"I was in meetings in the Middle East ahead of this conference discussing the latest directional forecasts for oil with those closest to the source," Faulkner said. "We're still working our way through this supply glut, and the focus in the Middle East right now is Iran. It appears to everyone that President Obama is determined to lift the nuclear sanctions this year, and when that happens, the world's oil supply balance could tip to over-supply again. Although OPEC is not expected to cut production next month, there are concerns Iran will increase its own output as the sanction negotiations allow. There are also concerns how increased deficit spending is affecting the cartel internally," Faulkner added.
The Platts Global Crude Oil Summit offers two days of meetings and networking for hundreds of industry leaders, addressing views and critical developments affecting the upstream and risk management communities.
ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas, engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company's dual-focused growth strategy primarily relies on leveraging management's technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy's oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.
Thomas Miller, VP of Communications, Breitling Energy, 214-716-2600
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SOURCE Breitling Energy