Brent Mulliniks to Replace Sanford Dvorin as President of Angus Energy.Energy Editors/Business Editors DALLASDALLAS--(BUSINESS WIRE)--Dec. 5, 2003 Angus Energy Corp., www.angusenergycorp.com (Pink Sheets: AGSC AGSC Azerbaijan Gas Supply Company AGSC American Grease Stick Company (Muskegon, Michigan) AGSC Adaptive Generalized Sidelobe Canceller AGSC Alpine Golf & Sports Club (Thailand) ), today reported that Brent Mulliniks will take over as President of Angus Energy Corp. In his more than 20 years in the energy industry, Mr. Mulliniks has an outstanding record of leadership and success. Although Sanford Dvorin steps down as President, he will continue to provide expertise and leadership for the company's Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square drilling and production activities through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Angus Operating Inc. As President, Mr. Mulliniks will oversee all corporate activities for Angus including the preparation and implementation of drilling and operational budgets, petroleum engineering duties, profit and loss analyses, contract execution for equipment utilization, the negotiation of sales and gas transportation contracts as well as oversee the company's plans to acquire and develop new properties. Mr. Mulliniks was a principal with the pioneering team that discovered and developed the Dallas County Dallas County is the name of five counties in the United States of America:
Sanford Dvorin, the official Texas State certified discoverer of the Sanford Dvorin Barnett Shale Dallas County Discovery, will continue to provide outstanding expertise and know-how related to the Barnett Shale natural gas reservoir gas reservoir In geology, a naturally occurring storage area, characteristically a folded rock formation, that traps and holds natural gas. The reservoir rock must be permeable and porous to contain the gas, and it has to be capped by impervious rock in order to form an through the supervision of Angus Energy Corp's drilling operations, conducted by Angus Operating Inc., a wholly-owned subsidiary. Construction of the drilling location for the company's initial Barnett Shale test well, the S. Powell Ranch #1, has been completed but was delayed due to inclement in·clem·ent adj. 1. Stormy: inclement weather. 2. Showing no clemency; unmerciful. in·clem weather. Rig equipment that was previously reserved is now scheduled for delivery on or before December 16, 2003, weather permitting. About the Company Angus Energy Corp, www.angusenergycorp.com, is a Dallas-based independent energy company engaged in oil and gas exploration and development with significant lease holdings in central Texas. For more information, please contact Investor Relations Investor relations The process by which the corporation communicates with its investors. Patty Dickerson at 972-923-9766 or Roger Kelly at 972-501-1479, or visit the Company's website at www.angusenergycorp.com. For media relations, contact George Duggan at National Media Associates at 818-542-6880. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Exchange Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those rules. All statements included in this release other than statements of fact are forward-looking statements that involve risks and uncertainties. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion