For Immediate Release: Tuesday, September 30, 2008
PYRAMID CONSOLIDATES OPERATIONS IN HOUSTON, TEXAS
Houston, TX - Pyramid Petroleum Inc. (“Pyramid” or “the Company”) (TSXV: PYR) today announced that it has completed the consolidation of its corporate, operations, accounting and administrative functions in Houston, Texas. Consequently, Pyramid’s CFO, Mr. Mansoor
Anjum, has resigned from all officer positions with the Company and its subsidiaries.
Mr. Anjum will continue to sit as a Director on the Board. The Company intends to hire a new
CFO within the next 60 to 90 days and has started interviewing suitable candidates. In the
interim, Pyramid’s CEO is appointed Acting-CFO.
CEO, Acting-CFO Ilyas Chaudhary explained, “Unifying Pyramid’s entire operations staff,
including corporate accounting, in Houston serves our mission to optimize the Gulf of Mexico
assets.”
About Pyramid Petroleum
Pyramid Petroleum Inc. is an oil and gas exploration and production company with substantial upside through its strategically located operations offshore in the Gulf of Mexico. Shares of the Company are listed for trading on the TSX Venture Exchange under the symbol “PYR.”
Disclaimers
The TSX Venture Exchange has neither approved nor disapproved of the contents hereof. Except for statements of historical fact, all statements in this press release, without limitation, regarding new projects and future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
For further information, please contact:
Laura Boyko
Pyramid Petroleum Inc.
lboyko@pyramidgom.com
281.822.0801 x 101
www.pyramidpetroleum.com
or
CHF Investor Relations
Jacqueline Wagenaar
Account Manager
(416) 868-1079 x289
Email: jacqueline@chfir.com
or
CHF Investor Relations
Sasha Abrams
Associate Account Manager
(416) 868-1079 x246
Email: sasha@chfir.com