Mogul Energy International, Inc. Announces New Board and Management Appointments and Its New Business Strategy
14 Aprile 2010 - 9:59PM
Marketwired
Mogul Energy International, Inc. (OTCBB: MGUY) (FRANKFURT: BKX)
announced it has appointed a new director, Mr. Gary Countryman, and
as Executive Vice President, Mr. Tim Turner, effective April 14,
2010. New management will be leading a new direction in Mogul
Energy business operations, utilizing their experience in
implementing, promoting and developing new oil and gas technologies
in addition to development and exploration operations.
Mr. Gary Countryman earned his B.S. and M.S. in Petroleum
Engineering from the University of California and his S.M.
Management from the Massachusetts Institute of Technology. Mr.
Countryman has thirty years' experience in the oil and gas industry
including Manager of Operations for Conoco, Inc. where he was
employed for 26 years and more recently as a consulting petroleum
engineer. Mr. Countryman has supervised due diligence and
evaluation of oil and gas properties valued at over $200 million
USD both for purchase and sale. He is also credited for reducing
costs and increasing production on properties for Conoco, Inc. in
Dubai, in Egypt for Geisum Oil Company and in the United States of
America for Greenhill Petroleum.
Mr. Tim Turner received his undergraduate degree in Petroleum
Land Management from the University of Texas at Austin in 1980.
Prior to his appointment with Mogul Energy, Tim Turner was a
Principal Partner of Tim Turner & Associates, LLC, an oil and
gas exploration and production business development and land
services company. Mr. Turner has twenty-nine years of varied
experience in the oil and gas industry establishing and maintaining
productive business relationships with partners; negotiating
complex joint venture agreements; overseeing all business partner
operations; negotiating legal agreements (involving acquisitions,
title conflicts, eminent domain issues and the disposition of
assets); and preparing long-range and short-term business plans,
revenue forecasts, cost projections. Mr. Turner began his career
with Exxon Company, USA in New Orleans, Louisiana. In his many
supervisory positions, he supervised all land related negotiations
on dozens of Exxon operated fields comprising of hundreds of wells
and thousands of separate property files. Mr. Turner was a very
active member of the American Association of Professional Landmen,
having served on the Board for many years.
For further information on Mogul Energy International, Inc. new
directors please visit the website for biography summary at
www.mogulenergy.com.
Information concerning Mogul Energy
International:
Mogul Energy is an oil and gas exploration company with
headquarters in Seattle, Washington.
The common shares of Mogul Energy are quoted on the OTC Bulletin
Board (OTCBB) system under the symbol 'MGUY,' and the Frankfurt
Stock Exchange ("FSE") under the symbol 'BKX.' Further information
concerning Mogul Energy can be found in the Company's filings with
the U.S. Securities and Exchange Commission
(http://www.sec.gov).
Forward-Looking Statements: This news
release contains "forward-looking statements" within the meaning of
the securities laws, which are based on current expectations and
beliefs, as well as on a number of assumptions concerning future
events made with information that is currently available.
Statements in this news release that are not historical facts are
forward-looking statements that 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, including, but not limited to, the Company's ability to
negotiate, enter into, perform and consummate the business
combination described in this release. Inherent in the Company's
business plan is a belief that Mogul Energy can successfully
explore oil and gas properties in Egypt and Canada, and that the
Company can participate in the development of those properties.
Readers are cautioned not to put undue reliance on such
forward-looking statements, which are not a guarantee of
performance and are subject to a number of uncertainties and other
factors, many of which are outside of Mogul Energy's control, which
could cause actual results to differ materially from such
statements. For a more detailed description of the factors that
could cause such a difference, please refer to Mogul Energy's
filings with the U.S. Securities and Exchange Commission. Mogul
Energy International, Inc. assumes no obligation to update or
supplement such forward-looking statements other than as required
by law.
Contact Information: Company Contact Naeem Tyab Mogul Energy
206-357-4220 naeem@mogulenergy.com http://www.mogulenergy.com
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