Universal Energy Resources, Inc. Appoints Dr. Donald A. Goddard as Special Advisor to Board of Directors.
CONROE, Texas -- Universal Energy Resources, Inc., a private energy holding company, announced today that it had appointed Dr. Donald A. Goddard, an expert geologist in oil and gas exploration and production, as a Special Advisor to its Board of Directors. Dr. Goddard will also assist the Board of Directors in its negotiations with Grifco International, Inc. (GFCI See residual current device. .PK) in connection with the evaluation of oil and gas projects such as the 208 gas leases under contract in Crockett County, TX. As previously announced, Grifco International and its shareholders will receive an equity position in the 208 drill sites and/or gas production dividends on terms to be agreed upon by the parties.
Dr. Goddard began his career in 1965 with Gulf Oil Company (Mene Grande) in Eastern Venezuela. After working for many years as an exploration geophysicist and then production geologists, he became Manager of Geological Operations for Maraven Oil Company in Western Venezuela's Maracaibo region.
Dr. Goddard moved to the USA in 1990 when he began working as a petroleum researcher at Louisiana State University's ("LSU LSU Louisiana State University
LSU Large Subunit
LSU La Salle University (Philadelphia, PA)
LSU La Sierra University
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LSU Learning Support Unit ") Center for Energy Studies. While at LSU, Dr. Goddard worked on integrated field studies of mature oil and gas regions of the Gulf Coast, as well as, identifying and transferring upstream technologies to independent operators.
In addition to Dr. Goddard's work at LSU related to improving recovery in mature oil and gas fields, he is a petroleum consultant to international companies interested in pursuing upstream oil and gas activities in the USA and in Latin American countries.
Dr. Goddard's curriculum vitae spans over 30 years of petroleum experience including work in significant producing basins of North, Central and South America. Dr. Goddard was also involved in the initial well program in the early 1980s that help determine the extent of the huge reserves in the Zuata region of the "Orinoco Heavy Oil Belt" in Venezuela.
Dr. Goddard earned a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science
bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in geology from Florida State University Florida State University, at Tallahassee; coeducational; chartered 1851, opened 1857. Present name was adopted in 1947. Special research facilities include those in nuclear science and oceanography. ; Master of Science. and PhD degrees in marine geology and geophysics from the University of London For most practical purposes, ranging from admission of students to negotiating funding from the government, the 19 constituent colleges are treated as individual universities. Within the university federation they are known as Recognised Bodies ; and a geological engineering degree from the Universidad Central de Venezuela. Dr. Goddard is a member of the American Association of Petroleum Geologists The American Association of Petroleum Geologists (or AAPG) is one of the world's largest professional geological societies with over 31,000 members as of 2007. The AAPG works to advance the science of geology (especially in regard to exploration for and production of (AAPG AAPG American Association of Petroleum Geologists ); the Baton Rouge Geological Society (BRGS); the Venezuelan Geological Society (SVG (Scalable Vector Graphics) A vector graphics format from the W3C for the Web that is expressed in XML. Introduced in 2001, SVG was designed to become the standard vector format just as GIFs and JPEGs have become the standard bitmaps for the Web. ); and the Society of Petroleum Engineers (SPE SPE - Software Practice and Experience ).
Forward Looking Statements:
Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.
When a person begins a civil lawsuit, the person enters into a process called litigation. , the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.