Victory Energy Corporation Announces New Executive Appointments
2011年1月11日 - 5:49AM
Marketwired
Victory Energy Corporation (PINKSHEETS: VYEY) today announced that
it has appointed Mr. Kenneth Hill to the position of vice president
and chief operating officer, and Mr. Stanley L. Lindsey to the
position of vice president of exploration and development.
Additionally, the company announced that is has opened an office in
Austin, Texas.
As vice president and chief operating officer at Victory Energy,
Mr. Hill will take on the leadership role of managing operations
for the company, overseeing contract negotiations, field oversight
and administration.
Mr. Hill brings a broad array of corporate operations and
financial expertise to his new position with the Company. Over the
last twenty-five years, he has been instrumental in the development
and success of numerous well-known companies in a variety of
industries.
For the past three years, Mr. Hill held the titles of interim
chief executive officer, vice president of operations and vice
president of investor relations for the U.S. subsidiary of a
publicly traded Australian oil and gas company. As interim CEO, he
brought the company to profitability in less than twelve months. He
was influential in bringing $7 million of new capital to the
company in 2009 and then quickly finding and drilling the company's
first successful oil wells. During his tenure he developed all
global information sharing and data libraries as well as all
internal operations and business processes for the company. He was
also responsible for the coordination of global investor relations.
He attended Southwest Texas State University and has completed
several executive MBA programs at the University of Texas,
Austin.
Mr. Lindsey, Victory Energy's newly appointed vice president of
exploration and development, will be responsible for identifying,
evaluating and developing oil and natural gas resource
opportunities and overseeing project delivery.
He has over 30 years of experience in the oil and gas industry,
including exploration, development, operations, acquisitions and
divestitures. He is a certified petroleum geologist by both the
American Association and the American Institute of Petroleum
Geologists. His areas of expertise are seismic mapping (2D and 3D),
subsurface mapping, and well log analysis. He has worked in
numerous states in the U.S.A. as well as in Australia and Africa.
He is a member of the AAPG, AIPG, SIPES, and Houston Geological
Society.
He holds a bachelor's degree in geology with a minor in
chemistry from Stephen F. Austin State University.
Robert Miranda, Victory Energy's chairman and interim CEO,
stated, "We are pleased to have these two accomplished individuals
join Victory Energy. The addition of Kenny and Stan will provide
Victory Energy with means to identify the most profitable areas to
drill for oil and natural gas deposits, and help locate and vet
additional opportunities that may be available to the company. They
possess the ability to implement the necessary operational and
administrative functions necessary for a thriving business."
About Victory Energy Corporation
Victory Energy Corporation is engaged in the exploration,
acquisition, development, and exploitation of oil and gas
properties. The company's current producing assets are located in
the state of Texas.
Victory Energy seeks to identify proven development prospects,
conduct thorough geological and engineering evaluations and then
target suitable farm-in partners for long term development of
additional prospects.
For more information, please visit our website
www.victoryenergyoilandgas.com
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995
There are forward-looking statements contained in this news
release. They use such words as "intend," "will," "may," "expect,"
"believe," "plan," or other similar terminology. These statements
involve known and unknown risks, uncertainties and other factors,
which may cause the actual results to be materially different than
those expressed or implied in such statements. These factors
include, but are not limited to: risks associated with the
implementation of the Company's strategic growth plan; legislation
and government regulation including the ability to obtain
satisfactory regulatory approvals; conditions beyond the Company's
control such as weather, natural disasters, disease outbreaks,
epidemics or pandemics impacting the Company's customer base or
acts of war or terrorism; availability and cost of materials and
labor; demand for natural gas; cost and availability of capital;
competition; the Company's overall marketing, operational and
financial performance; economic and political conditions; the
continued service of the Company's executive officer; adverse
developments in and increased or unforeseen legal costs related to
the Company's litigation; the success of the Company's strategic
partnerships and joint venture relationships; the Company's ability
to pay certain debts; adoption of new, or changes in, accounting
policies and practices; adverse court rulings; results of other
litigation in which the company is involved; and other factors
discussed from time to time in the Company's news releases, public
statements and/or filings with the Securities and Exchange
Commission. Forward-looking information is provided by Victory
Energy Corporation pursuant to the safe harbor established under
the Private Securities Litigation Reform Act of 1995 and should be
evaluated in the context of these factors. In addition, the Company
disclaims any intent or obligation to update these forward-looking
statements.
CONTACT: Robert J. Miranda Chairman and Interim Chief Executive
Officer Chief Financial Officer 714.480.0305 Investor Relations
714.480.0305
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