HINSDALE, Ill., March 30, 2010 (GLOBE NEWSWIRE) -- Voyager Petroleum, Inc. (Pink Sheets:VYGO), a leading mid-market petroleum-based brokerage, processing and distribution company, announced today that it has retained the services of Robert Knight to assist and secure the logistics of petroleum-based products for its wholly-owned subsidiary Monarch Petroleum, Inc.
Captain Knight has been going to sea since 1979 and is a fifth generation mariner. His professional career has included holding every position onboard various vessels including currently having status of Captain. Some of the companies and vessels he has worked with include:
TECO (Tampa Electric Company), 17 years on Dry Cargo vessels of various sizes with largest being 700'X90'X36'. He presently works aboard a tanker: 550'X90'X32' DWT 36,000 that carries up to 150,000 barrels of petroleum products.
Captain Knight has been involved in various programs that include RCP (Responsible Carrier Program) and sat on the committee that drafted the outline implemented by AWO (American Waterways Organization) and ISM (International Safety Management) in which he wrote manuals and policies for various companies still in use today. Captain Knight continues to do consultant work with the USCG in specialty fields that include ship crewing, licensing requirements, and STCW (Standards in Watch Keeping) in which he was an instructor on time-off vessels.
Terminals and Companies Captain Knight has sold and/or moved products to:
Two years running from (Chevron USA) Pascagoula, Mississippi to (Marathon) Tampa, Florida in which the vessel carried 110,000 barrels of Gasoline, D-2, Kerosene, and other finished products. One year running from BORCO Freeport, Bahamas to Clifton Piers, Nassau, 126,000 barrels of #6 Oil. Five years from IMTT St. Rose, Louisiana to FP&L Port of Palm Beach, Florida, 126,000 barrels of #6 oil. Two years from Tosco Bay-way New Jersey, to various docks and ports in the Northeast (Providence, Rhode Island, Riverhead, and Northport Platforms on the Long Island Sound, Boston, Massachusetts, Portsmouth, New Hampshire). Load sizes varied. One year running from Houston Fuel Oil Terminal Houston, Texas to FP&L Weeden Island Tampa, Florida - 126,000 barrels.
During his career, Captain Knight has also worked on the Spot Market in the Ports that he has called on and this list is limited to petroleum docks and ports in: Brownsville, Corpus Christi, Houston, Galveston, Texas-City, Port Arthur, and Beaumont, Texas. Baton Rouge, Louisiana, Pascagoula, Mississippi, Mobile, Alabama, Tampa-Bay, Miami, Port Everglades, Palm Beach, and Jacksonville, Florida, Freeport and Nassau, Bahamas, Savannah, Georgia, Norfolk and ports and docks on Chesapeake Bay, Delaware-City and Docks along the Delaware River and Bay, New York (NY Harbor, Hudson River Docks, and Long Island).
Sebastien Dufort, CEO, for Voyager Petroleum commented, "Mr. Knight's experience in the petroleum-based logistics and spot-market arena will greatly enhance our ability to become a major player in the middle-market petroleum distribution space, and rounding out our team."
About Voyager Petroleum, Inc.
Voyager Petroleum, Inc. is a publicly traded mid-market petroleum-based brokerage, processing and distribution company involved in procuring a variety of supply streams for processing and distributing lubricants to the $11 billion U.S. market. The Company provides privately labeled and wholesale eco-friendly petroleum-based products to end-users including small to mid-sized fuel blenders, refineries as well as the automotive and manufacturing markets. Management's goal is to deliver high quality products at an affordable price to its customers. Voyager's strategy is to build shareholder value through acquisitions and growth. The Company seeks target companies that might save costs or generate greater revenue from increased capital expenditures, vertical integration or wider distribution channels.
Forward-Looking Statements
Statements about the company's expectations, including revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks and uncertainties and are subject to change at any time. The actual results of the future events described in the forward-looking statements in this document could differ materially from those stated in the forward-looking statements due to numerous factors and other risks identified in filings made by the company filing with the Securities and Exchange Commission. In reflecting subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.