Morgan Creek Energy Corp.
Morgan Creek Energy Corp. Appoints William W. Bolles As Chairman Of The Board and Chief Executive Officer
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Morgan Creek Energy Corp. Appoints William W. Bolles As Chairman Of The
Board and Chief Executive Officer
DALLAS, Texas, USA – September 28 – In reference to its Form 8K filed with
the SEC September 27, 2006, Morgan Creek Energy Corp. (“the Company”)
(symbol OTCBB-MCRE) has appointed William W. Bolles as Chairman of the
Board Of Directors and CEO.
Mr. Bolles has as an extensive history in starting, developing and then
guiding companies through the senior financing stage, particularly in the
energy sector. He is a skilled finance executive with significant
experience in the oil and gas, real estate development, telecommunications,
advertising and entertainment sectors.
As early as 1979, Mr. Bolles began working with major independent companies
at the senior management and director level, including PetroTex Oil and Gas
Company (later sold to Mobile Oil USA), Carothane Corporation, which funded
the first-ever independent exploration of Coal-bed methane reservoirs in
the Black Warrior Basin of Alabama, along with North American Energy
Resources, and most recently Warwick Advisors Corporation of Houston,
Texas. As senior counselor with Warwick Advisors, he advises companies on
their business plans and participated in the capital structuring and fund
raising processes used for developing fields in the Paradox Basin-Colorado,
Pinedale Anticline-Wyoming, Tuscaloosa Marine Shale-Louisiana, Uinta
Basin-Colorado and Bossier Sand-Texas.
In 2006 he organized PetroTex Oil & Gas Co. LLC, to acquire and develop
leases in the Ouachita Overthrust Belt in central Texas, which could be the
most significant oil and gas play left in the United States today.
William B. Bolles states, “I am very enthusiastic about Morgan Creek Energy
and its immediate prospects in the energy sector. Few junior E&P players
are able to attract the kind of talent and land portfolio that we have
already assembled. With my guidance as CEO, President and now Chairman, I
believe that the Company can quickly capitalize on the tremendous upside
potential of the major structures we are looking to develop.”
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
Contact North America: Investor Relations, Morgan Creek Energy Corp.
Telephone: +1 214-321-0603 Fax: +1 866-559-7565
e-mail: info@morgancreekenergy.com
Contact Europe: International Market Trend AG
Telephone: + 41-43-888-67-00 Fax: + 41-43-888-67-09
Stock Exchange Information: Symbol: OTCBB – MCRE;
Frankfurt/Berlin Symbol – M6C, WKN: AOJL4C; ISIN: US61732R1O77
SAFE HARBOR STATEMENT
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
OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS,
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 28.09.2006
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