Kevin P. Kauffman Joins Genie Energy's Strategic Advisory Board
NEWARK, N.J.--(BUSINESS WIRE)-- Genie Energy, Ltd., (NYSE: GNE, GNEPRA) today announced that leading Colorado oil and gas entrepreneur Kevin P. Kauffman will join its Strategic Advisory Board.
Colorado oil and gas entrepreneur Kevin P. Kauffman has joined the Strategic Advisory Board of Genie Energy, a developer of unconventional liquid fuels. (Photo: Business Wire)
Mr. Kauffman, 56, founded Denver-based K.P. Kauffman Company, Inc., (KPK) in 1984 and serves as it Chairman, Chief Executive Officer and President. KPK is a privately held, vertically integrated, independent oil and gas exploration, production, drilling, well-service and transportation company with operations in the Rocky Mountain States. KPK owns and operates 1,300 producing oil and gas wells on a mineral estate of over 100,000 acres containing a substantial inventory of proved undeveloped vertical and horizontal drilling locations in the Bakken, Pierre, and Niobrara shale and conventional cretaceous tight sands.
"Genie Energy is pioneering new technologies that could significantly accelerate progress toward energy independence for the United States, Israel, and our other allies around the world. I am honored to join Genie's Strategic Advisory Board and look forward to working with my Board colleagues on this important and promising effort," Mr. Kauffman said.
Howard Jonas, Chairman of Genie Energy, said, "I'm very pleased that Kevin will be joining Genie's Strategic Advisory Board. His entrepreneurial spirit and experience building one of the most successful U.S. oil and gas independents will prove invaluable to us as we move forward with our unconventional energy development projects."
Genie's Strategic Advisory Board consults with Genie Energy's management on strategic, financial, operational, and public policy matters related to its Genie Oil and Gas division.
Genie Oil and Gas includes both a 50% interest in AMSO, LLC, a joint venture with Total, S.A. to develop oil shale on a federal leasehold in Northwestern Colorado, and Israel Energy Initiatives, Ltd., which holds an exclusive Shale Oil Exploration and Production License covering 238 square miles in the Shfela basin region in Israel.
Mr. Kauffman holds a BS in Business Administration - Accounting with a minor in Mechanical Engineering from California State University, Northridge. Mr. Kauffman serves on several industry, governmental and philanthropic boards, including Denver Health Hospital- Finance Committee Chair, University of Colorado Health Science Center- Colorado Prevention Center, The Angel Flight Foundation, Drug Free America, the Colorado Oil and Gas Association, (COGA) and the Independent Petroleum Association of Mountain States, (IPAMS). He has served as a United States Bankruptcy Trustee and Receiver for the State of Colorado. Mr. Kauffman has also been an avid aviator for over 40 years with Lear Jet and multi engine helicopter type ratings.
Other members of Genie's Strategic Advisory Board include former Vice President of the United States Dick Cheney, Lord Jacob Rothschild, media pioneer Rupert Murdoch, and renowned Wall Street investor Michael Steinhardt.
About Genie Energy Ltd.:
Genie Energy Ltd (NYS: GNE) is comprised of IDT Energy and Genie Oil and Gas (GOGAS).IDT Energy is a leading independent retail energy provider supplying electricity and natural gas to residential and small business customers in the Northeastern United States. GOGAS is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other unconventional fuel resources.GOGAS resource development projects include oil shale initiatives in Colorado and Israel.For more information, visitwww.genie.com.
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Genie Energy Investor Relations
Bill Ulrey, 973-438-3848
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