FORT WORTH, TX, Sept. 10,
2018 /CNW/ - Oracle Oil and Gas LLC (Oracle Oil and Gas) a
wholly owned subsidiary of Oracle Energy Corp. ("Oracle" or
the "Company ") (TSX.V: OEC) (Frankfurt: O2E) is pleased to
announce that Reese R Mitchell has joined the company and will
assume the position of Sr. Vice President Operations. Mr.
Mitchell will be responsible for engineering, drilling and
operations
Mr. Mitchell has 37 years of operational, technical, and
management experience in the U.S. and International onshore and
offshore. Has held senior leadership roles overseeing
unconventional drilling, completion, production & associated
disciplines. From 2012 through 2017 he served as the Senior VP of
Operations for Vitruvian II, a large private equity backed SCOOP
mid-con operator. In this position he managed all aspects of
drilling and completion activities including running 4 rigs for a
three-year period, drilling 48 horizontal wells and growing
production to over 30,000 boe/d. Mr. Mitchell earned a Bachelor of
Science degree in Natural Gas Engineering from Texas A&I
University.
Art Green, formerly Production
Manager will assume the role of Sr. Advisor. Mr. Mitchell and Mr.
Green will report to Darrell McKenna
- Chairman and CEO.
Chairman and CEO, Darrell McKenna
commented, "Oracle has embarked on an aggressive Eagle Ford growth
plan; has already made a down payment and an option payment on a
total of 6,310 acres and has completed a NI 51-101 compliant
report. Oracle anticipates spudding the first well this year. Reese
is a very important addition to Oracle's leadership team. His
capabilities and experience will be invaluable as we approach the
drilling and operations phase of Oracle's Eagle Ford project. We
are familiar with his background and reputation and welcome the
technical expertise and leadership he brings to his functions."
ON BEHALF OF THE BOARD OF DIRECTORS.
Darrell McKenna; Chairman and
CEO
About Oracle Energy Corp.
Oracle Energy Corp. (TSX.V: OEC) (Frankfurt: O2E) is a junior
oil and gas development company focused on acquiring development
assets in North America and with
current focus in the Texas Eagle Ford.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Forward-looking statements in this
release are made pursuant to the 'safe harbour' provisions of the
Private Securities Litigation Reform act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties.
SOURCE Oracle Oil and Gas LLC