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Gen III Oil Corporation (“Gen III” or the “Company“) (TSX VENTURE:GIII) is pleased to announce the appointment of Mr. Gordon Driedger, P.Eng. as its new Chief Operating Officer, effective January 17, 2018. Gordon was previously the Company’s Director of Operations.
Gordon Driedger is an award winning professional engineer with 35 years’ experience in design, management, and construction of a diverse spectrum of industrial, institutional and civil projects. His experience includes 10 years as VP, Project Delivery with Plenary Group, a leading North American developer of infrastructure projects utilizing public private partnerships, 20 years as founder/owner/manager of SILCO, an EPC firm and 5 years in the role of Director, Project Management Office, University of Alberta, overseeing the University’s $2 billion capital program.
Most recently, Mr. Driedger established a private consultancy firm providing project implementation advisory services, including overseeing the successful procurement and implementation of the $350M Stanton Territorial Hospital utilizing the P3 delivery model.
Mr. Driedger brings extensive project implementation knowledge to the Gen III management team with his first-hand understanding of all phases of the project lifecycle. He has successfully completed over 70 major capital projects nationally and internationally utilizing a wide variety of delivery and funding models for both the private and public sector.
During his career, Mr. Driedger has had executive responsibility for assembling and managing multidisciplinary project teams, establishing governance and organization models, and leading team performance.
Mr. Driedger will be responsible for all aspects of Gen III’s project implementation and start-up operations for its proposed Bowden, Alberta facility.
Mr. Greg Clarkes, CEO, stated: “We are extremely pleased to have a senior executive of Gordon’s caliber join our team. His extensive experience with the design, management and construction of projects will be instrumental to the Company as we move forward with the development of our Bowden, Alberta facility.”
The Company also announces the departure of Mr. Angelo Battiston. We thank Angelo for his contributions to the Company and wish him well in his future endeavors.
About Gen III Oil Corporation
Gen III Oil Corporation is an innovative oil processing company with the most advanced re-refining technology in the industry. The Company’s patented ReGen TM technology process combines proven refining technologies into a proprietary process that is able to extract a higher quantity of high quality base lubricating oils than traditional re-refineries, including greater than 50% Group III production of synthetic grade motor oil in a commercial scale re-refining operation. The Company currently holds 4 patents granted in North America and has several patent applications, patents pending or under review in strategic countries around the world. The Company’s first full-scale facility is currently under development in Bowden, Alberta, 100km north of Calgary, with targeted production commencing in Q1 of 2019. With a fully executed off-take marketing agreement in hand with Elbow River Marketing Ltd., a subsidiary of Parkland Fuel Corporation, the Company has in place agreements for the sale of all of its finished products when commercial production begins at its Bowden facility. The Bowden facility is being designed to process 2,800 bpd of used motor oil into a range of base stocks and related petroleum products. For more information about the Company, please visit www.geniiioil.com.
On Behalf of the Board of Gen III Oil Corporation
Chief Executive Officer
For further information contact Greg Clarkes at (587) 393-8363
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of Gen III Oil Corporation. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.