James Bay Resources Limited (TSX VENTURE:JBR) ("James Bay" or the "Company") is
pleased to announce that it has appointed Adeniyi Olaniyan as Chief Operating
Officer and Country Manager for its 100% owned Nigerian subsidiary, James Bay
Energy Nigeria Limited.


"We are very excited that Mr. Olaniyan has joined our company," stated Mr. Knut
Sovold, President and CEO of James Bay Energy Nigeria Limited. "Mr. Olaniyan
strengthens our operating team and brings extensive field expertise to our
company, especially given his direct experience managing oil and gas assets in
the Niger Delta." 


Mr. Olaniyan has over 20 years of international experience (Africa, Asia,
Europe) in subsurface Oil and Gas E&P, Project Management, New Ventures, Asset
Development and Business Planning within the Shell Group. His last position with
Shell was as Hydrocarbon Maturation Manager for near infrastructure exploration
activities to deliver short-term oil along the Niger Delta Nembe Creek Trunk
Line. Mr. Olaniyan has had considerable geoscience and project management
experience in several geological basins. 


Adeniyi is a proven hydrocarbon finder with the following exploration and
development projects:




--  Geoscience Operations manager for development and appraisal wells of the
    Magpies asset in shallow waters of Brunei, each producing 5,000 bpd
    (2008/2009). 
    
--  Geosciences manager that delivered the frontier exploration well in
    Shallow Offshore in the JK asset area in Nigeria (150m water depth),
    with ultimate recovery in excess of 100 MMboe (2004). 
    
--  Project Manager for the delivery of a Nembe Creek production well
    drilled in the Eastern Niger Delta (2002), with Nembe Creek being the
    second largest field in the Niger Delta with a billion barrels in-place
    (Stooip). 
    
--  Project manager for the delivery of the Oforola exploration well,
    utilizing the "Canyon system" as a new exploration play concept in the
    Niger Delta (2001). 



In addition, James Bay announced that 600,000 incentive stock options were
granted to Mr. Olaniyan, each exercisable at $0.63 per common share. The options
vest over a two-year period, with 1/3 vesting immediately, and 1/3 annually
thereafter, and are exercisable for a period of five years from the date of
grant. 


About James Bay Resources

James Bay is a well-financed Canadian resource company with 28,040,350 shares
outstanding and trades on the TSX Venture Exchange under the symbol "JBR". The
Company is currently pursuing agreements to acquire oil and gas assets with the
objective of becoming a near-term producing company.


James Bay Resources (CSE:JBR)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more James Bay Resources Charts.
James Bay Resources (CSE:JBR)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more James Bay Resources Charts.