| ||Thu Oct 4, 2007|
Derek Appoints New Chief Financial Officer
| ||Derek Oil & Gas Corporation's Board of Directors is pleased to announce the appointment of Mr. Greg Amor as Chief Financial Officer.|
Mr. Amor has been with Derek for the past four years as their Corporate Controller and for the past six months Acting Chief Financial Officer. The Board is pleased at this time to make his appointment as Chief Financial Officer permanent. Mr. Amor has been a senior executive to public resource companies since leaving Coopers and Lybrand in 1985. In his 22 years in the resource industry he has been instrumental in the initial listing and subsequent funding of numerous resource companies.
Derek Oil & Gas Corporation is a Canadian based, publicly traded oil exploration, development and production company that utilizes enhanced oil recovery (EOR) techniques to develop new production from reservoirs in North America. Derek's current focus is on the further development and increasing production from their prime property located in NE Wyoming's prolific Powder River Basin.
Derek Oil & Gas Corporation is trading in Canada on the TSX Venture Exchange with the symbol DRK.
ON BEHALF OF THE BOARD
Mr. Barry C.J. Ehrl, President and C.E.O.
For further information please contact Derek's Corporate Communications Department at:
Telephone: 1-888-756-0066 or (604)-331-1757
Corporate E-Mail: email@example.com
The TSX Venture Exchange has neither approved nor disapproved the information contained herein. This document includes forward- looking statements. Forward-looking statements include, but are not limited to, the continued advancement of Derek Oil & Gas Corporation's LAK Ranch project. When used in this document, the words "potential", "plan", "could", "estimate", "expect", "intend", "may", "should", and similar expressions are intended to be among the statements that identify forward-looking statements. Although Derek believes that their expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include the potential that Derek's LAK Ranch project will experience technological and mechanical problems, geological conditions in the reservoir may not result in commercial levels of oil and gas production, and other risks.
Suite 1201 - 1111 West Hastings Street Vancouver, BC, Canada, V6E 2J3
Telephone: 604-331-1757 Fax: 604-669-5193 Toll Free: 1-888-756-0066
Website: www.derekoilandgas.com Email: firstname.lastname@example.org
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