Attached files
| file | filename |
|---|---|
| EX-10.1 - FORM OF PURCHASE AGREEMENT FOR COMMON STOCK. - LILIS ENERGY, INC. | f8k111609ex10i_recovery.htm |
| EX-10.3 - NON-EXECUTIVE DIRECTOR APPOINTMENT AGREEMENT WITH ROGER A. PARKER. - LILIS ENERGY, INC. | f8k111609ex10iii_recovery.htm |
| EX-10.2 - AGREEMENT WITH NEW CENTURY CAPITAL PARTNERS - LILIS ENERGY, INC. | f8k111609ex10ii_recovery.htm |
| EX-10.4 - INDEPENDENT DIRECTOR APPOINTMENT AGREEMENT WITH JAMES J. MILLER. - LILIS ENERGY, INC. | f8k111609ex10iv_recovery.htm |
| 8-K - FORM 8-K - LILIS ENERGY, INC. | f8k111609_recovery.htm |
Exhibit
99.1
Roger
A Parker Joins Recovery Energy (RECV.OB)
As
Non-Executive Chairman Of The Board
Recovery
Energy (RECV.OB) is pleased to announce the appointment of Roger A. Parker to
its Board of Directors. Mr. Parker will assume the Non-Executive
Chairman role, and existing Chairman Jeffrey Beunier will assume the Vice
Chairman role.
Before
coming to Recovery Energy, Mr. Parker was Chairman of the Board and Chief
Executive Officer of Delta Petroleum Corporation (NASDAQ: DPTR) where, in
combination to the significant oil and gas transactions undertaken during his
time there, delta also experienced significant reserve growth through drilling
successes. Delta grew from an initial market capitalization of approximately $14
million to over $2.8 billion at its peak in 2008.
“Roger’s
influence on Recovery Energy will be extremely beneficial in helping achieve the
company’s long term goals (of acquiring and developing oil and gas properties in
the United States). Roger Parker is an industry leader having built
Delta Petroleum into a multibillion dollar enterprise value company at its peak.
Roger brings a wealth of experience and contacts to Recovery Energy and I look
forward to working with him.” said Recovery Energy’s CEO, Jeffrey Beunier. Mr.
Beunier continued, “Given the recent disruption in the commodity markets, we are
very excited about the prospects for acquiring undervalued and neglected fields
which we can apply our capital and knowledge base to drive production
growth.”
“The
current environment should allow for significant opportunities. This
is an excellent period of time to create value in a new oil and gas exploration
and production company. I am very enthusiastic about the prospects
for Recovery Energy”, said Roger Parker.
Parker
received a Bachelor of Science degree in Mineral Land Management from the
University of Colorado in 1983. He has served in various capacities both public
and private in the oil and gas industry since that time. Before his time at
Delta, Parker operated privately under the names AmPet, Inc. in which he was a
1/3 partner, and Apex Operating Company Inc., which was solely owned by him.
Parker brings 26 years of experience to Recovery Energy which will help guide
the company’s strategic vision as well as implement and execute on its
acquisition and development plans.
About
Recovery Energy
Recovery
Energy is a development stage independent energy company. We principally intend
to engage in the development and production of oil & gas in North
America.
Specifically,
Recovery Energy specializes in the use of modern secondary and tertiary recovery
techniques on older, historically productive fields. Recovery was formed to take
advantage of the current economic and structural challenges surrounding the
energy industry and will focus on the mature and established Rocky Mountain,
Mid-Continent, and Gulf Coast basins.
Contact
Investor
Relations: EQUITIES Global Communications, Inc. Robert Willison
Investor
Relations: 678-644-3383 rwillison@equitiesmagazine.com
Forward-Looking
Statements and Risk Factors
Certain
statements on this web site are "forwardlooking statements" within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements could involve a number of risks,
uncertainties and other factors that could cause actual results, performance or
achievements of Recovery Energy to be materially different from any future
results, performance or achievements expressed or implied by these
forwardlooking statements. Other factors, which could materially affect such
forwardlooking statements, can be found in our filings with the Securities and
Exchange Commission at www.sec.gov,
including risk factors relating to our history of operating losses, that our
auditors have expressed substantial doubt regarding our ability to continue as a
going concern, the fact that we may dilute existing shareholders through
additional stock issuances, and our reliance on our intellectual property.
Investors, potential investors and other readers are urged to consider these
factors carefully in evaluating the forwardlooking statements and are cautioned
not to place undue reliance on such forwardlooking
statements.