Precision Petroleum Corp. (PPTO.OB) Announces Appointment of James Kirby as Chief Financial Officer

With an extensive background both in the petroleum industry and the financial sector, Mr. Kirby has successfully re-organized financial institutions and possesses strong expertise with state and federal regulations pertaining to the financial and petroleum arenas. His senior-level management experience includes engagements at The First National Bank of Shawnee, Bank One, Liberty Bank & Trust, Choctaw State Bank and The Republic Bank of Tecumseh.

In a recent statement, Richard Porterfield, the president of Precision Petroleum Corporation, commented that the appointment of Mr. Kirby will help strengthen the company’s administrative core. He also stated that James Kirby’s financial expertise will prove valuable with the company’s recent acquisitions of nine producing oil and gas leases, noting that Mr. Kirby brings a level of expertise necessary for the budgeting, financial controls and funding prospects for Precision Petroleum.