Mesa
Energy Holdings, Inc. (the "Company”)
(OTCPK: MSEH),
an oil and gas exploration and production company, today announced that
it has appointed W. Willard Powell as Executive VP of Geology. He has
over 45 years of business, financial, engineering and geo-science
experience in all phases of the upstream oil and gas business in the
Gulf Coast Region of the United States.
Willard began his career when he was recruited by Shell Oil Company in
June 1966. He had a successful career with Shell where he worked on many
teams (often serving as team leader) both in exploration and production.
He was involved in the successful drilling, completing and producing of
over 500 profitable oil and gas wells and received the "Shell Oil
Company President’s Award for Team Excellence”, Shell Oil Company’s
highest employee recognition award, in 1997.
In January 1999, Willard ventured into the independent oil and gas world
by taking a position with Matrix Oil and Gas as Senior Staff Geologist.
In 2002, he joined Denbury Resources as Senior Staff Geologist and in
2006 he joined Harvest Oil & Gas as Partner/Geologist. In July of 2010,
Willard joined Monnie Greer as co-founder of privately held Tchefuncte
Natural Resources, LLC (TNR) of Covington, Louisiana. In his role as
Executive Vice President, he was instrumental in the evaluation and due
diligence efforts of TNR toward the acquisition of properties in five
producing oil and gas fields in South Louisiana during the twelve month
period prior to the acquisition of TNR by the Company’s wholly owned
subsidiary, Mesa Energy, Inc., in July, 2011.
As a result of having worked as a geologist with Shell, Matrix Oil and
Gas, Denbury Resources and Harvest Oil and Gas, Willard is highly
experienced in prospect generation, having generated, drilled and
developed many world class prospects. In addition, his geological
expertise has resulted in the identification and development of bypassed
reserves in a large number of mature oil and gas fields.
"We are privileged to have an industry veteran like Willard on our team
to ensure that the Company’s drilling and recompletion efforts achieve
the highest possible success rates. Willard is a well respected Gulf
Coast petroleum geologist and his experience brings tremendous value to
the Company,” said Randy M. Griffin, CEO of Mesa Energy Holdings, Inc.
"Since leaving Shell I have enjoyed working with many professionals in
privately held companies and I look forward with excitement to be
working once again for a publicly traded exploration and production
company. Mesa Energy expects to achieve growth in multiple areas
including the acquisition of companies with existing producing
properties, leasing of exploration property, drilling and project
development, redevelopment studies and redevelopment program execution.
This broad approach will enable our highly skilled and experienced team
to maximize the overall growth and profitability. I appreciate the
opportunity to join a team with such an impressive and proven track
record and I look forward to contributing all I can to the growth and
success of Mesa Energy,” added Willard Powell.
About Mesa Energy Holdings, Inc.
Headquartered in Dallas, TX, Mesa Energy Holdings, Inc. is an oil and
gas exploration and production company with a definitive focus on
growing reserves and net asset value per share, primarily through the
acquisition of solid, long-term existing production with enhancement
potential and the development of highly diversified, multi-well
developmental and defined-risk exploratory drilling opportunities.
More information about the Company may be found at http://mesaenergy.us.
Forward-Looking Statements
Certain statements in this news release, which are not historical facts,
are forward-looking statements. These statements 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. Actual results may differ
materially from those currently anticipated due to a number of factors
which may be beyond the reasonable control of the Company, including,
but not limited to, the Company’s ability to locate and acquire suitable
interests in oil and gas properties on terms acceptable to the Company,
the availability and pricing of additional capital to finance operations
and leasehold acquisitions, the ability of the Company to build and
maintain a successful operations infrastructure, the intensity of
competition and changes and volatility in energy prices. Readers are
urged not to place undue reliance on the forward-looking statements,
which speak only as of the date of this release. We assume no obligation
to update any forward-looking statements in order to reflect any event
or circumstance that may arise after the date of this release.
Additional information on risks and other factors that may affect the
business and financial results of the Company can be found in the
filings of the Company with the U.S. Securities and Exchange Commission
at www.sec.gov.
