Pyramid Petroleum opens operational head office in Houston and adds depth to management team
Thursday February 21, 10:31 am ET
CALGARY, Feb. 21 /CNW/ - Pyramid Petroleum Inc. (TSXV: PYR) today announced new headquarters has been opened in Houston, Texas, and that subsequently a complete spectrum of professional experts has been retained with extensive knowledge and experience with offshore operations, both domestic and international. A small corporate reporting office will be maintained in Calgary.
Pyramid's CEO, Ilyas Chaudhary stated, "Pyramid has stayed on its chosen course and waited patiently for the right opportunity to bolster operational expertise. Expanding the base in Houston has permitted the addition of an experienced operations team to execute Pyramid's value optimization plan for the Gulf of Mexico assets."
The immediate opportunities in Gulf of Mexico and further growth in Pyramid's operations has dictated the need to make the following additions to Pyramid's management team:
1. Paul Appel - VP Operations: Mr. Appel has 33 years of oil & gas experience, including 28 years with Phillips
Petroleum/ConocoPhillips. Mr. Appel possesses offshore operations, drilling and management experience in the Gulf of Mexico, offshore California, North Sea and offshore Venezuela. Mr. Appel is a degreed Petroleum Engineer.
2. Sherry Herrington - VP Land: Ms. Herrington has 26 years of oil & gas experience, including 7 years with Norcen, mostly working in offshore Gulf of Mexico area. Ms. Herrington had worked extensively in the areas of acquisitions/divestitures and contract negotiations.
3. Faisal Chaudhary - VP Marketing: Mr. Chaudhary has 15 years experience in the finance and marketing fields, consulting for several private and public companies. Since 2001, Mr. Chaudhary has also managed a private oil and gas company which operates primarily in Bakersfield, California. He holds a Masters degree in Business Administration.
4. Walton Vance - VP Finance: Mr. Vance has 25 years of oil & gas industry experience, working mostly with public companies for financial and compliance reporting. Mr. Vance also has public accounting experience with a Big Four accounting firm.
5. Ken James - Well Intervention/Completions Manager: Mr. James has 28 years of experience in the oil & gas industry; working for such companies as BP, Statoil, Norcen and Marathon. He is a Licensed Professional Engineer in the State of Texas and his expertise includes well completions and workovers, reservoir engineering and production operations. Mr. James has supervised projects in the Deepwater and Shelf Gulf of Mexico, US Land and a Gas Plant.
6. Gary Sellers - Supply Chain Manager: Supply Chain Professional with over 32 years experience supporting domestic and international drilling and production operations for major and independent energy companies, such as Texaco, Inc. Mr. Sellers has a Bachelor of Sciences degree from University of Southwest Louisiana.
Mr. Chaudhary, CEO, added "The Company now has the tools in place to move ahead in the Gulf of Mexico. In addition to developing wells in the Gulf, Pyramid is continuing to review international prospects and is prepared to secure such prospects if, as and when, the opportunity is right. The talents of this management team know each other's strengths from working together before. As Pyramid, we will create forward momentum to pursue tangible goals to achieve asset development, growth and expansion for shareholders."
