HOUSTON, Jan. 19, 2015 /PRNewswire/ - 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
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SOURCE Enhanced Oil Resources Inc.