Topaz Resources Announces Appointment of Industry Veterans as Senior Management
Date : 04/29/2010 @ 4:00PM
Source : MarketWire
Stock : Topaz Resources, Inc. (TOPZ)
Quote : 0.64 -0.02 (-3.03%) @ 8:26AM
Topaz Resources Announces Appointment of Industry Veterans as Senior Management
DENTON, TX -- (Marketwire)
04/29/10
Topaz Resources, Inc. (OTCBB: TOPZ), an independent oil and gas company ("Topaz" or the "Company"), today announced that the Company's Board of Directors has named Edward J. Munden, 59, as President and Chief Executive Officer and Robert P. Lindsay, 67, as Chief Operating Officer.
Edward Munden is a professional geological engineer with an MBA with over 30 years of experience in the energy sector. From 2001 to present, Mr. Munden has focused on development and financing of oil and gas leasing and drilling projects in the Barnett Shale play in north-central Texas executing a strategy of accumulating a solid mineral lease position and building a strong operational capability. From 1994, Mr. Munden was a director and CEO of a Dallas based independent NASDAQ-traded public oil and gas company engaged in the exploration, development and acquisition of oil and natural gas properties until it was sold for over $150 million in December 2001.
Robert Lindsay is a second-generation oil and gas professional with over 43 years' experience in the petroleum industry. He has planned and executed drilling and rework programs in Texas, Louisiana, Kentucky and New Mexico. From 2001 to present, Mr. Lindsay has focused on locating, evaluating and securing mineral leases in the Barnett Shale play in north central Texas, wherein he has drilled or participated in over 250 oil & gas wells in the immediate region; has assembled, drilled and sold over 10,000 acres with dollar values approaching $100 million; and has built and sold 6 Barnett Shale drilling rigs. Prior to this, Mr. Lindsay was Chief Operating Officer of a NASDAQ energy company responsible for all administrative and operational aspects of the company's producing and development properties. From 1973 until 1995, Mr. Lindsay managed over 200 employees and 10 drilling rigs concentrating on drilling oil and gas wells throughout north Texas. Prior to 1973, Mr. Lindsay held senior positions with an international oil and natural gas drilling and exploration company headquartered in Tulsa, Oklahoma.
About Topaz Resources
Topaz Resources is an independent oil and gas company focusing on production, acquisitions and developmental drilling opportunities within proven producing areas of north, central and west Texas.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Natalie Bannister
Investor Relations
573.631.2193
Email Contact
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