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 Bill A. Williamson, 54, as Vice President, Operations and Land.
Bill Williamson is a certified petroleum landman and a veteran of the oil and gas industry with 30 years of experience. In 2005, Mr. Williamson co-founded a company to operate and build land drilling rigs for use in the Barnett Shale. With this company, he has been responsible for all operational and administrative aspects of a two rig contract drilling operation participating in over 100 Barnett Shale wells. In addition, he has managed much of the necessary land and title support work. From 2002 to 2005, he worked for an independent drilling contractor located in Denton, Texas responsible for operational performance, marketing of drilling services and contract review. From 1998 to 2002, Mr. Williamson was VP, Land for a NASDAQ energy company responsible for all land, acquisition and divestiture transactional contracts and agreements. Prior to 1998, Mr. Williamson provided clients with oil and gas asset management, acquisition and divestiture services from a land and legal perspective.
In making this announcement, Ted Munden, CEO, said, "We are pleased that someone of Bill's caliber and operational experience has agreed to join Topaz. Our ability to create value for our shareholders will depend on our ability to operate effectively and to control costs. Bill's skill set adds significantly to our capabilities and to the depth of our management team."
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