Mogul Energy International, Inc. Announces the Appointment of Donald J. Timko and James G. Sorrells as Advisory Board Members
25 Ottobre 2010 - 2:30PM
Marketwired
Mogul Energy International, Inc. ("Mogul") (OTCBB: MGUY)
(FRANKFURT: BKX) is pleased to announce Mr. Donald J. Timko and Mr.
James G. Sorrells have joined Mogul as Advisory Board members,
effective October 21, 2010.
Mr. Donald J. Timko has nearly 50 years experience in the
petroleum industry. Mr. Don Timko graduated with a degree in
geology from the University of Pittsburgh then worked for
Continental Oil Company (now Conoco Phillips) where one of his main
responsibilities was to design, develop and instruct well logging
techniques to company engineers and geologists. He supervised the
company's activities, both domestic and international, in the area
of formation evaluation. After resigning from Conoco he formed a
geological and engineering company, primarily involved with
evaluation of domestic and foreign drilling prospects for major
investors, which he continues to this day.
Over the years, Mr. Timko has been successfully associated as
owner or co-owner of two domestic production companies, which have
discovered and developed considerable oil and gas reserves along
the upper Gulf Coast of Texas. He sold these interests, and now
devotes his full time as a petroleum consultant, specializing in
petrophysics.
Mr. Timko has been a faculty member of the University of Houston
and has taught courses in "Bore Hole Geophysics" to graduate
students, and has had a contract with SPE/AIME to teach short
courses to petroleum engineers around the United States. Mr. Timko
has served as president of the international "Society of
Professional Well Log Analysts" and was elected to and served as a
"Distinguished Lecturer" of the "Society of Petroleum Engineers".
The lectures, presented worldwide, placed considerable emphasis on
how to evaluate geothermal energy sources in high pressure and
temperature environments from well log data.
He has published many technical papers on this subject over the
years, including the Oil and Gas Journal, having most recently been
published in the August, 2010 issue.
Mr. James G. (Jim) Sorrells obtained his Bachelors of Science
degree from the University of Texas at Arlington in geology. His
tenure includes a close working relationship with Don Timko since
1977 and has been an independent geologist since 2002. He is an
experienced explorationist with more than thirty-three (33) years
in prospect generation, development, reservoir geology, log
analysis and pore pressure analysis. Mr. Sorrells has been
associated with and has drilled and completed dozens of oil &
gas wells, both onshore and offshore Texas and Louisiana, West
Texas, East Texas, North Louisiana, and Oklahoma among other areas.
He has many years of experience using application tools, such as
Seismic Micro-Technology, Inc.'s Kingdom Suite software, Landmark,
Geoquest, and Zmap software.
Mr. Sorrells has performed well costs and economic analysis for
prospective ventures. Mr. Sorrells is a member of several national
and international organizations including American Association of
Petroleum Geologists, Houston Geologists Society, and Society Of
Professional Well Log Analysts.
Together with Mr. Timko, Mr. Sorrells published an article in
the August 2010 Oil and Gas Journal, entitled 'Davy Jones: Can
Geologists Predict Deeper Commercial Environments?'
Mr. Naeem Tyab, the Company's President, stated: "I am delighted
that Mr. Masters and our existing management team have acquired the
skills and talents of Mr. Timko and Mr. Sorrells. "Messrs. Timko
and Sorrells bring to the company decades of experience in working
the Texas Gulf Coast area. We are excited to have their hand in our
exploration and production operations in this area." Mr. Tyab
further states that "Mogul will continue to refine its geological
and geophysical evaluations and reviews of the numerous prospects
in the region and looks forward to a successful drilling program
with these two experts at our side."
Information concerning Mogul Energy International, Inc.:
Mogul Energy International, Inc. ("Mogul") is an oil and gas
exploration company with headquarters in Seattle, Washington. The
common shares of Mogul 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 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. Inherent in Mogul Energy International, Inc.'s
("Mogul") business plan is a belief that Mogul can successfully
explore oil and gas properties in Canada and the United States, and
that Mogul 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'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 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
International, Inc. Tel: 206-357-4220 naeem@mogulenergy.com
http://www.mogulenergy.com
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