CORRECTION - SIGNAL HILL PETROLEUM NAMED FINALIST

LOS ANGELES, Oct. 11, 2013 (GLOBE NEWSWIRE) -- Signal Hill Petroleum, Inc. (SHP), a Southern California based energy company specializing in the production of sustainable oil and gas in urban areas, has been selected as a finalist for the 2013 West Coast Oil and Gas Award in the Corporate Social Responsibility Initiative category. SHP's entry outlined the company's ongoing philanthropic efforts, including the sponsorship of various recreational and educational programs. The company recently gifted $250,000 to California State University Long Beach (CSULB) for the development of an environmental geochemistry laboratory.

"We are committed to serving our community through investing in education, community programs and philanthropic initiatives with the cities of Long Beach and Signal Hill," said Dave Slater, Chief Operations Officer and Executive Vice President of SHP. "We are proud to be a supporter of the university and investing in our community."

The company's generous donation to CSULB supports the purchase of new, state-of-the-art equipment as well as equipment maintenance and supplies for students. SHP has invested more than half-a-million dollars and countless hours of volunteer and company time to supporting community organizations and events including schools, hospitals, chambers of commerce, and non-profit organizations.

The Oil and Gas Awards recognizes the advancements made by upstream and midstream sector companies of the oil and gas industries in the areas of environmental stewardship, efficiency, innovation, corporate social responsibility and health and safety. The awards serve as an opportunity for companies in the industry to demonstrate their achievements and show their commitment to these critical issues.

Winners will be announced at the inaugural 2013 West Coast Oil & Gas Awards gala dinner, held in the Marriott Hotel in the Grand Ballroom, Bakersfield, CA on October 24. The complete list of finalists can be viewed at www.oilandgasawards.com . The judges, made up of a panel of 52 industry executives, reviewed more than 400 entries from 250 companies in 19 categories.

SHP is a privately owned California-based energy company based in Signal Hill, California. A local producer of over one million barrels of crude oil annually, SHP owns and operates the majority of wells in the Long Beach oilfield. Through its decades of operating experience, SHP has developed a unique expertise in urban oil and gas production operations, and is committed to educating communities and public leaders on crude oil and natural gas for a sustainable future.

Rachel Shelley ETA Advertising (562) 499-2305