Mesa Energy Holdings, Inc. Announces Personnel Update
DALLAS--(BUSINESS WIRE)-- Mesa Energy Holdings, Inc. (the "Company" or "Mesa")(OTCBB: MSEH), an oil and gas exploration and production company, announced today additional changes to its Management team. David L. Freeman, Mesa's Executive Vice President of Oil & Gas Operations since January, 2008, has been promoted to Executive Vice President - Gulf Coast Area Manager, as the Company positions itself to expand its drilling efforts in Louisiana and Oklahoma.
Mr. Freeman has over 35 years of experience in oil and gas operations, business development and property transactions. He began his career with Shell Oil Company in 1976. In 1980, Mr. Freeman went to work for Gulf Oil/Chevron, where he supervised up to 100 personnel involved in drilling and workover operations as well as facility and production equipment maintenance and management. Since that time, Mr. Freeman has worked for a variety of E&P companies in operations and business development.
In addition, the Company is pleased to welcome Dwight E. "Skip" Roberts as Director of Geoscience and Engineering. Mr. Roberts is a certified petroleum geologist/reservoir engineer with 36 years of diverse experience in exploitation, exploration and acquisitions in conventional areas including south Louisiana as well as unconventional resource plays such as the Barnett, the Haynesville, the Woodford and the Bakken Shales.
As an Exploration and Exploitation Geologist for Rosewood Resources/Hunt Energy, Mr. Roberts discovered major field extensions in Louisiana that yielded >45 MMBOE, evaluated and recommended the purchase of additional producing properties and directed the subsequent enhancement of these properties. For Prize Energy Corporation, Mr. Roberts directed and managed all geological, geophysical, and reservoir engineering for 227 properties/fields. As Area Manager for Aspect Energy, Mr. Roberts managed exploration and exploitation of unconventional resource wells that yielded over 100 BCFE. He has developed and managed drilling opportunities that yielded multiple wells for other companies including Pioneer Natural Resources USA, Inc. and EXCO Resources, Inc.
"David has played a vital role in the enhancement and recompletion efforts in our south Louisiana fields and, as we position ourselves to begin a drilling program, we have full confidence in David to oversee all activities in the area," said Randy M. Griffin, CEO of Mesa Energy Holdings, Inc. "As for Skip Roberts, we are pleased to welcome him to our team. He is well known in industry circles and came highly recommended. We believe his expertise in executing successful drilling programs will bring significant value to Mesa."
About Mesa Energy Holdings, Inc.
Headquartered in Dallas, TX, Mesa Energy Holdings, Inc. is a growth-oriented Exploration and Production (E&P) company with a definitive focus on growing reserves and net asset value per share, primarily through the acquisition and enhancement of high quality producing properties and the development of highly diversified developmental drilling opportunities. The company currently owns producing oil and natural gas properties in Plaquemines and Lafourche Parishes in Louisiana as well as producing and developmental properties in Garfield and Major Counties, OK and Wyoming County, NY.
More information about the Company may be found at http://mesaenergy.us.
Certain statements in this news release, which are not historical facts, are forward-looking statements. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Actual results may differ materially from those currently anticipated due to a number of factors which may be beyond the reasonable control of the Company, including, but not limited to, the Company's ability to locate and acquire suitable interests in oil and gas properties on terms acceptable to the Company and to integrate and successfully exploit any resulting acquisitions, the availability and pricing of additional capital to finance operations and leasehold acquisitions, the ability of the Company to build and maintain a successful operations infrastructure, the intensity of competition, changes and volatility in energy prices and general economic conditions. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in the filings of the Company with the U.S. Securities and Exchange Commission at www.sec.gov.
Mesa Energy Holdings, Inc.
KEYWORDS: United States North America Texas
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