3P International Energy Corp., reports its new management team, now ready to drive forward development of its recently acquired energy assets in the Ukraine, as well as continue to evaluate accretive opportunities that meet the Corporation's stated criteria.

Dr. David Kahn, incoming Chairman and CEO stated "We are extremely pleased to have assembled such an experienced and capable team to begin building 3P. The level of collective technical, financial and country specific knowledge and know-how of our team will prove paramount in our success going forward."

Quinton Rafuse, incoming President and COO commented "After a thorough review of the project and licenses, we are excited about beginning to immediately and aggressively move forward in proving our commercial concept and building shareholder value through production and reserve growth."

New Management Team

Chairman and Chief Executive Officer Dr. David Kahn - Dr. David S. Kahn has in excess of 19 years of experience in the oil and gas industry having served in senior roles for Halliburton Energy Services, Baker Hughes and Weatherford PPG. From 1998 to present, he has pursued actively the commercialization of various unconventional assets both in the Lower 48 and internationally. His accomplishments include being a principal of Ensyn Petroleum which was sold to Ivanhoe Energy, a large heavy oil project (6+ Billion Original Oil In Place -- OOIP) in West Texas (San Miguel reservoir) that was later sold to Pearl Exploration & Production, a new independent USA heavy oil company Megawest Energy with in excess of 3 B OOIP and Gastem, a 5+ Trillion Cubic Feet in situ shale gas company in Quebec. He graduated from with a PhD of Engineering from École nationale supérieure du pétrole et des moteurs (now IFP School) (Paris).

President and Chief Operating Officer Quinton Rafuse - Mr. Rafuse is a geologist with over ten years of experience in the oil and gas industry in various technical and leadership roles. Most recently, he held the position of Vice-President Geoscience for Ember Resources Inc., a junior resource play company with assets in Western Canada. During his time with Ember, the company's coalbed methane (CBM) production increased to 5,000 barrels of oil equivalent per day (boepd) from 300 boepd. Prior to, he worked as a geologist at Thunder Energy Inc. and EnCana Corporation. The bulk of his experience has been unconventional gas-coalbed methane (CBM), shale gas and tight sand-from new basin exploration to large-scale, resource play development. Mr. Rafuse holds a Bachelor of Science degree from the University of Calgary. He is a professional geologist registered with the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA).

Chief Financial Officer Wally Rudensky - Mr. Rudensky, CA, has over 25 years experience in public accounting as partner at EvansMartin LLP Chartered Accountants in Toronto and previously with Arthur Andersen (now Deloitte). He is President of DFF Management Inc., a private company providing financial management and governance services to Canadian and U.S. listed companies. He has extensive experience in taxation and finance with particular attention to corporate reorganizations in the domestic and international markets.

Country Manager Dr. Yuriy Koltun - Dr. Koltun was born in Lviv, Ukraine in 1955. In 1977 he graduated from the geological department of Lviv University. In 1977-1978, Dr. Koltun was an engineer-geologist of the Ukrainian Scientific-Research Geological-Prospecting Institute. There, Dr. Koltun worked on evaluation of reservoir properties of the rocks from the Ukrainian oil and gas provinces. From 1978 to present, Dr. Koltun has served as Engineer, junior scientist, senior scientist of the Institute of Geology and Geochemistry of Combustible Minerals of the Ukrainian Academy of Sciences. During the first years he worked on investigation of geology of the Lviv-Volyn Coal Basin (Western Ukraine). Then the Carpathians and their foreland became the main area of Dr. Koltun's study. Results of his geochemical investigations of organic-rich strata combined with paleooceanological, lithological and tectonic research allowed Dr. Koltun to study the evolution of the Carpathian region (including Polish, Ukrainian and Romanian Carpathians), in particular the processes of generation and accumulation of hydrocarbons, and to identify petroleum systems in the area under study. In 1990 obtained Ph.D. degree in geology. He has also worked with Eurogas Inc. since 1998.

Tags: 3P International Energy Corp.