08.07.2010 13:15:00
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Saratoga Resources, Inc. Announces Staff Changes
Saratoga Resources, Inc. (OTCBB: SROE) ("Company”) today announced the promotion of Mr. Brian Daigle to Vice President – Operations and the addition of Ms. Mindy Stuart and Ms. Patsy Gedge to Saratoga’s operating team.
Effective July 1, 2010, Mr. Daigle was promoted to Vice President – Operations. Mr. Daigle previously served as the Company’s Operations Manager since the 2008 acquisition of Harvest Oil & Gas, LLC and The Harvest Group, LLC and served in the same capacity with the Harvest companies since 2006, before which he worked for Denbury, Matrix and W&T Offshore, among others. Mr. Daigle is responsible for the day-to-day management of the Company’s physical assets. Mr. Daigle has more than 29 years of diversified experience in the oil and gas industry — focused on production operations, facility design, regulatory compliance, and project management in the Gulf of Mexico and inland waters of the State of Louisiana.
Ms. Stuart has joined Saratoga as Asset Evaluation Manager. Ms. Stuart will be responsible for all reservoir engineering functions within the Company, including reserve evaluation as well as acquisitions and divestitures. Ms. Stuart has more than 25 years of industry experience in reservoir engineering and asset management in the Gulf Coast region with Bayou Bend Petroleum, Coldren Oil and Gas, Stone Energy and Chevron, and has provided reservoir engineering services to the Company as a consultant since early 2009.
Ms. Gedge has joined Saratoga as Production Technician to assist with production data management and reporting.
Management Comments
Mr. Clifford added, "We are excited to bolster our management and operating team with the promotion of Brian Daigle and the addition of two experienced team members. The promotion of Brian Daigle to Vice President – Operations reflects the exceptional work and contributions of Brian since our acquisition of the Harvest companies and our confidence in Brian as a key member of our management team. Similarly, having worked with Mindy and Patsy as contract employees to Saratoga for more than a year, we are excited to have them join our team on a full time basis. As stated previously, Saratoga’s management is appreciative of the efforts of all our staff during the last 12 to 18 months.”
About Saratoga Resources
Saratoga is an independent exploration and production company with offices in Houston, Texas and Covington, Louisiana. Principal holdings cover 33,625 gross (32,527 net) acres, mostly held-by-production, located in the transitional coastline and protected in-bay environment on parish and state leases of south Louisiana. Saratoga’s stock currently trades on the OTC Bulletin Board under the symbol "SROE.”
Forward-looking Statements
This press release includes certain estimates and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Words such as "expects,” "anticipates,” "intends,” "plans,” "believes,” "assumes,” "seeks,” "estimates,” "should,” and variations of these words and similar expressions, are intended to identify these forward-looking statements. While we believe these statements are accurate, forward-looking statements are inherently uncertain and we cannot assure you that these expectations will occur and our actual results may be significantly different. These statements by the Company and its management are based on estimates, projections, beliefs and assumptions of management and are not guarantees of future performance. Important factors that could cause actual results to differ from those in the forward-looking statements include the factors described in the "Risk Factors” section of the Company’s filings with the Securities and Exchange Commission. The Company disclaims any obligation to update or revise any forward-looking statement based on the occurrence of future events, the receipt of new information, or otherwise.
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