HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- Petrogen Corp. (BULLETIN BOARD: PTGC) today announced that S. Sam Sen and William "Bill" Kerrigan were named Co-Presidents, representing a collaborative new management team. In their new roles, Mr. Sen will serve as President of Petrogen Corp., managing all corporate activities related to business development, and Mr. Kerrigan will serve as President of Petrogen, Inc., directing all operating activities.
"In Sam and Bill, Petrogen has two very accomplished and talented executives in the oil and gas industry," said Sacha H. Spindler, Chairman and Chief Executive Officer. "The combination of their strong leadership skills, industry and geologic knowledge and impressive experience will enable the Company to move forward and grow at this very important and pivotal stage in its development.
"Petrogen's strategy is to accumulate and develop natural gas assets with low-risk reserves through the acquisition of existing development and production opportunities. Sam's record of achievement on the business and geologic sides of the industry and Bill's operations and geologic expertise make them the ideal leaders to effectively execute Petrogen's business mandate and growth efforts going forward," continued Mr. Spindler.
"To date, Sam and Bill have both contributed strategically to the recently drilled E.H. #3A wellbore on our Emily Hawes Field project, which we expect to complete and tie-in in early spring. Moreover, both are actively involved in establishing Petrogen's near-term plans, which include new well drills at Emily Hawes Field, the further development of existing properties and the acquisition and development of new venture opportunities currently under review," concluded Mr. Spindler.
Sam Sen joined Petrogen in September 2004 as Executive Vice President of Business Development. He has over 23 years of applied business and technical experience in the energy industry. Throughout his career, Mr. Sen has established a successful track record in the commercial analysis, negotiation, support and capture of value-adding upstream, midstream, downstream, and acquisition and divestiture deals ranging in size from $10 million to over $1 billion. Prior to joining, Petrogen, he served as Project Manager, Worldwide Business Development and Manager, New Venture Development with Anadarko Petroleum. In addition, Mr. Sen has worked with leading oil companies Unocal, Suncor and Gulf Canada Resources, and has held positions as a geologist and business development manager. He has a strong technical background and was the lead geologist on exploration teams responsible for hydrocarbon discoveries of up to 100 MMBOE (gross) reserves. Mr. Sen received his MBA from the Warwick Business School/Wolsey Hall, Oxford, U.K., as well as a BSc (Honors) in Geology from Carleton University, Canada.
Bill Kerrigan co-founded Petrogen in 2001. He has over 20 years of oil and gas industry experience, principally as a geologist and operator. Mr. Kerrigan's areas of expertise lie in the day-to-day field operations and development logistics', with specialized skills in field analysis and productionoptimization. In addition to his technical expertise, Mr. Kerrigan contributes a wealth of business affiliations throughout the United States and abroad that have been, and continue to be, instrumental to Petrogen's growth and development. Prior to founding Petrogen, Mr. Kerrigan provided geologic consulting services to oil and gas companies in Ireland, Norway and throughout the United States. Mr. Kerrigan received his degree as an Exploration Geologist from the University of Tennessee.
The appointment of Messrs. Sen and Kerrigan follows the departure from the Company earlier this month of former President, Mr. Neville Henry.
About Petrogen
Petrogen Corp. is a Houston, Texas based energy company currently pursuing and developing natural gas properties with proven reserves in the Texas Gulf Coast and Permian Basin regions. For further information, please visit the Company's website at http://www.petrogencorp.com/ .
THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
Petrogen Corp.
"In Sam and Bill, Petrogen has two very accomplished and talented executives in the oil and gas industry," said Sacha H. Spindler, Chairman and Chief Executive Officer. "The combination of their strong leadership skills, industry and geologic knowledge and impressive experience will enable the Company to move forward and grow at this very important and pivotal stage in its development.
"Petrogen's strategy is to accumulate and develop natural gas assets with low-risk reserves through the acquisition of existing development and production opportunities. Sam's record of achievement on the business and geologic sides of the industry and Bill's operations and geologic expertise make them the ideal leaders to effectively execute Petrogen's business mandate and growth efforts going forward," continued Mr. Spindler.
"To date, Sam and Bill have both contributed strategically to the recently drilled E.H. #3A wellbore on our Emily Hawes Field project, which we expect to complete and tie-in in early spring. Moreover, both are actively involved in establishing Petrogen's near-term plans, which include new well drills at Emily Hawes Field, the further development of existing properties and the acquisition and development of new venture opportunities currently under review," concluded Mr. Spindler.
Sam Sen joined Petrogen in September 2004 as Executive Vice President of Business Development. He has over 23 years of applied business and technical experience in the energy industry. Throughout his career, Mr. Sen has established a successful track record in the commercial analysis, negotiation, support and capture of value-adding upstream, midstream, downstream, and acquisition and divestiture deals ranging in size from $10 million to over $1 billion. Prior to joining, Petrogen, he served as Project Manager, Worldwide Business Development and Manager, New Venture Development with Anadarko Petroleum. In addition, Mr. Sen has worked with leading oil companies Unocal, Suncor and Gulf Canada Resources, and has held positions as a geologist and business development manager. He has a strong technical background and was the lead geologist on exploration teams responsible for hydrocarbon discoveries of up to 100 MMBOE (gross) reserves. Mr. Sen received his MBA from the Warwick Business School/Wolsey Hall, Oxford, U.K., as well as a BSc (Honors) in Geology from Carleton University, Canada.
Bill Kerrigan co-founded Petrogen in 2001. He has over 20 years of oil and gas industry experience, principally as a geologist and operator. Mr. Kerrigan's areas of expertise lie in the day-to-day field operations and development logistics', with specialized skills in field analysis and productionoptimization. In addition to his technical expertise, Mr. Kerrigan contributes a wealth of business affiliations throughout the United States and abroad that have been, and continue to be, instrumental to Petrogen's growth and development. Prior to founding Petrogen, Mr. Kerrigan provided geologic consulting services to oil and gas companies in Ireland, Norway and throughout the United States. Mr. Kerrigan received his degree as an Exploration Geologist from the University of Tennessee.
The appointment of Messrs. Sen and Kerrigan follows the departure from the Company earlier this month of former President, Mr. Neville Henry.
About Petrogen
Petrogen Corp. is a Houston, Texas based energy company currently pursuing and developing natural gas properties with proven reserves in the Texas Gulf Coast and Permian Basin regions. For further information, please visit the Company's website at http://www.petrogencorp.com/ .
THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN.
Petrogen Corp.
© 2005 PR Newswire
