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[STK] NASDAQ-NMS:ESCR
[IN] OIL UTI GAS
[SU] PER
TO BUSINESS EDITORS:
Escalera Resources Announces Nomination of Susan G. Reeves to Board of
Directors
DENVER and HOUSTON, April 14, 2014 /PRNewswire/ -- Escalera Resources
Co. today announced that its Board of Directors (the "Board")
nominated Susan G. Reeves to be on the slate of directors to be
presented for stockholder approval at the Company's 2014 Annual
Meeting of Stockholders. In addition, Mr. Sigmund Balaban has
announced his retirement from the Board effective as of the end of his
current term.
Ms. Susan G. Reeves
Ms. Reeves has been involved in the energy and financial services
industries for over 25 years. She graduated from the University of
Texas with highest honors and is a Certified Public Accountant in the
State of Georgia. During her career as a business and industry leader,
Ms. Reeves has a proven track record of originating and executing
large strategic ventures and acquisitions.
She currently serves as president of Public Gas Partners ("PGP"), a
non-profit company jointly owned by over 130 municipal gas
distributors. PGP was created to secure economical, long-term
wholesale natural gas supplies for its members. Under Ms. Reeves'
leadership, PGP has successfully closed sixteen acquisitions
consisting of more than 3,700 producing wells located in 12 states.
Ms. Reeves also serves as the chief financial officer of the Municipal
Gas Authority of Georgia (the "Gas Authority"), where she oversees
finance, accounting, risk management and information technology for
the natural gas supplier. She is also responsible for all activities
related to public debt offerings and is heavily involved in business
development activities.
Prior to her current roles with PGP and the Gas Authority, Ms. Reeves
held a variety of leadership positions at eXchangeBridge, Inc., J.C.
Bradford and Co., and Deloitte and Touche LLP.
Management Comment
Mr. Charles F. Chambers, Chairman and CEO of Escalera Resources Co.
said; "I am very pleased that Susan has agreed to be a Director for
Escalera Resources; her proven track record in initiating and
executing large strategic acquisitions along with her financial
expertise will be extremely valuable as we strive to grow the
Company." Mr. Chambers went on to say, "I am confident that we have a
slate of directors who will help us fulfill our business strategy of
making Escalera Resources a world class company with both E&P and
midstream assets in North America and internationally."
About Escalera Resources Co.
Escalera Resources Co. (NASDAQ-GS: ESCR) will have offices in Houston,
Texas, Denver, Colorado and Casper, Wyoming. The Company has
historically explored and developed natural gas and crude oil
properties in the Rocky Mountain region. The Company currently has
development activities and opportunities in Wyoming, in both the
Atlantic Rim and on the Pinedale Anticline. Also, exploration
potential exists in its Niobrara acreage in Wyoming and Nebraska,
which totals over 70,000 net acres, and in its acreage in Nevada,
which totals over 6,000 net acres. The Company is actively pursuing
new focus areas, including international and midstream opportunities.
Company Contact: John Campbell, IR (303) 794-8445 www.dble.com
SOURCE Escalera Resources Co.
-0- 04/14/2014
/Web Site: http://www.dble.com
(NASDAQ-NMS:ESCR) /
CO: Escalera Resources Co.; Public Gas Partners
ST: Colorado Texas
IN: OIL UTI GAS
SU: PER
PRN
-- LA04343 --
0000 04/14/2014 14:00:00 EDT http://www.prnewswire.com
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