HOUSTON, Aug. 25 /PRNewswire-FirstCall/ -- Blue Dolphin Energy Company ("Blue Dolphin"), an independent oil and gas company with operations in the Gulf of Mexico, today announced the appointment of William J. Dale as Chief Financial Officer.
With more than 12 years of energy experience, Mr. Dale brings a diverse finance, accounting and investor relations background to the Company. Prior to joining Blue Dolphin, he was the Assistant Treasurer of Rosetta Resources Inc., a $1.2 billion oil and gas company with operations focused in California, the Rockies, the Gulf of Mexico and Texas. Mr. Dale was responsible for corporate finance and strategy, treasury, planning and budgeting, investor relations and insurance, and he was involved in all facets of Rosetta's strategic operations from its inception in 2005. He was also an integral part of Rosetta's NASDAQ Initial Public Offering in February 2006.
Throughout his career Mr. Dale has held several key positions in varying sectors such as pipelines, power plants, marketing and exploration and production. He previously worked for El Paso Corporation in the finance and corporate planning departments and Tejas Gas Corporation, an intrastate pipeline company, in the corporate finance department.
Mr. Dale received a dual undergraduate degree in Business Administration in Finance and Accounting and a Masters of Business Administration from the University of Houston.
"William brings a wealth of knowledge in corporate finance, banking and investor relations to Blue Dolphin Energy Company," said Ivar Siem, Chairman and Chief Executive Officer. "He will broaden the depth of our executive management team and serve as a bridge in establishing strategic relationships as we expand beyond our core pipeline operations," Mr. Siem continued.
Blue Dolphin Energy Company is engaged in the gathering and transportation of natural gas and condensate and production of oil and gas. For further information visit the Company's website at http://www.blue-dolphin.com/.
Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are "forward-looking" statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words "expect", "plan", "believe", "anticipate", "project", "estimate", and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, prices of crude oil and natural gas, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
