Morgan Creek Energy Corp.
Morgan Creek Energy Corp. Appoints Thomas Markham, P. Geo, As Chief Geologist and Board Director; Erik Essiger and Marcus Johnson as Directors
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The issuer is solely responsible for the content of this announcement.
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Morgan Creek Energy Corp. Appoints Thomas Markham, P. Geo, As Chief
Geologist and Board Director; Erik Essiger and Marcus Johnson as Directors
DALLAS, TX., Sept. 5, 2006/PRNewswire-FirstCall/ – In reference to its Form
8K filed with the SEC August 25, 2006, Morgan Creek Energy Corp. (“the
Company”) (symbol OTCBB-MCRE) has appointed Thomas Markham as Chief
Geologist and a Director of the Board and Messrs Erik Essiger and Marcus M.
Johnson as Directors.
Mr. Markham is a professional geologist specializing evaluations and
management of oil and gas plays in the mid-continental U.S. Since receiving
his Masters of Geology, Mr. Markham has focused on oil and gas plays. He
began his career working with BEPCO, ARCO and then TENNECO, acting as
geologist on a wide range of projects spanning over 12 years of development
on leading plays including the Pinon, Allen Hill, Brunson Ranch, J.D.
Shale, Brown Bassett Extension and NYY projects. During this period, he
directed 15 Ph D-level geologists and managed exploration budgets up to $21
million.
He has recently acted as Chief Geologist in charge of the supervision and
generation of a 21,000 acre Pennsylvanian gas play in the Permian Basin.
Mr. Markham was instrumental in the play’s development and finalized
negotiations with the Osage Tribe of Oklahoma for drilling rights on
57-quarter sections (9,120 acres). He has been an independent oil and gas
geologist managing project generation and evaluation for various industry
and non-industry groups primarily in the Mid Continent.
Mr. Markham has successfully drilled and completed proprietary prospects
(while providing the supervision of seismic, leasing, drilling, completion,
and production activities) of 88 oil and gas wells (to 10,500’) in Texas,
New Mexico, and Oklahoma. He was the generating geologist of a 5 TCFG
overthrust play in Central Texas, he Finalized a New Mexico San Andres
stratigraphic play (50 to 100 MMBO at 4,000’) and a Permian Basin Devonian
structural play and managed the screening and evaluation of Springer –
Atoka sub-basin prospects of the Anadarko Basin (3-D).
His work has been published in the American Gas Journal and he has been
invited on a technical tour of the former Soviet Union to review oil and
gas assets. He was also guest speaker at the American Association of
Petroleum Landman’s (AAPL) “Buying Oil and Gas Properties” seminar. He
continues to carry out Reserve Evaluation for non-industry groups including
the FDIC (Federal Deposit Insurance Corp. – Wichita and Dallas Branches)
and the IRS (Internal Revenue Service).
Mr. Markham will work with the management team and advisory board to
supervise the geological and land development operations of the Company.
Mr. Essiger joins the Board Of Directors to aid in the field of Mergers and
Acquisitions.
Erik Essiger has extensive international business experience, providing
professional advisory services in the field of mergers & acquisitions to
corporate clients in different business sectors.
His proven expertise includes corporate finance, strategic decision-making,
corporate restructuring and management, having served as executive or board
member to several private and public companies worldwide.
He also served a senior manager with PricewaterhouseCoopers, in Frankfurt,
Germany.
Mr. Essiger has 18 years experience of managing commercial due diligence
and strategy development projects across a wide variety of sectors, in
particular within the energy sector, media and telecommunications, as well
as business services.
As early as in 1995 Mr. Essiger became member of the German – Russian
Cooperation Council. Prior to that he was consultant to the German Federal
Government.
Marcus M. Johnson also joins the Board Of Directors.
Mr. Johnson began working in the resource and energy sectors in the 1990s,
first as a consultant to help structure operations, and later in the
financing and investor communications field. He was President of Investor
Communications International, a U.S.-based consulting firm that helped to
communicate investment merits of client companies to the international
brokerage and investing community. There, he gained considerable experience
in the financing, structure and development of public companies in the
resource, energy, technology and biotechnology sectors.
About Morgan Creek Energy Corp.: Morgan Creek Energy Corp. is a natural
resource exploration company engaged in the acquisition and development of
strategic oil and natural gas properties worldwide. For further information
see: www.morgancreekenergy.com
Symbol: OTCBB – MCRE; Frankfurt/Berlin Symbol – M6C, WKN No.: AØJL4C; ISIN:
US61732R1Ø77
Contact North America: Investor Relations
Tel.: 214-321-0603
Contact Europe: International Market Trend AG
Tel.: 41-43-888-67-00
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THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”, AS THAT TERM IS
DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF
1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY
HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS
REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED
IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO
CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED
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INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE
SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,” “PLAN” OR “EXPECT” OR
SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES
FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH
PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN IN THE
COMPANY’S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND
FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE
COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL
PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE
COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT
ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY’S DEVELOPMENT
EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL
SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS
NEWS RELEASE, AND THE COMPANY ASSUMES 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 THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND
INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO
ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE
ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN
AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S
PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES
FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND THE
OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS
RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE
SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE
SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE
SECURITIES LAWS OF ANY SUCH JURISDICTION.
(c)DGAP 05.09.2006
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