Heartland Oil and Gas Corporation Completes Management Transformation - Receives Resignation of CEO and Appoints Interim President - Signals New Era of Asset Development
2007-07-02 16:30 ET - News Release
Also News Release (U-HOGC) HEARTLAND OIL & GAS CP
HOUSTON -- (Business Wire)
In a meeting held on June 25, 2007, a majority of the Board of Directors of Heartland Oil and Gas Corp (OTCBB:HOGC) voted to install Steven A. Fall as its Interim President. This appointment signals the beginning of a new era for Heartland in which it will aggressively pursue the development of its vast oil and gas assets in Eastern Kansas.
In conjunction with this appointment, the Board has received the resignation of Phil Winner as CEO and a member of the Heartland Board, marking the departure of the last vestige of Heartland’s former management. Mr. Winner’s resignation will not become effective until July 27, 2007 and he will be working with Heartland’s new management team during that period to ease the company through this transition period.
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) (FWB:UP1) (BCN:UP1) (GER:UP1) (MUN:UP1) (STU:UP1) recently acquired a majority stock interest in Heartland.
“With the new drilling program already undertaken in conjunction with UPDA’s Aztec Well Services subsidiary, Heartland is well positioned to begin this new era,” reports Mr. Fall. “I am very familiar with the management and approach of UPDA and I understand that it is my mission to move these projects forward without complacency. We intend to establish a new attitude of growth and success in Heartland beginning immediately.”
Mr. Fall received his Bachelors and Masters degree in geology from Texas A&M University and continued his education with the American Association of Petroleum Geologists (AAPG) and Houston Geological Society (HGS) were he focused his studies in 3D seismic and basin analysis. Mr. Fall started his professional career as an exploration geologist with Exxon Company USA where he explored for regional trends along the Gulf Coast and managed onshore projects for Columbia Gas Development. Mr. Fall also served as Vice President of Perryman Oil and Gas and was a partner with Aleco Oil and Gas where he created, marketed, and drilled in-house prospects and evaluated outside projects for the company. After working as an independent geologist for 6 years, Mr. Fall became district manager of EB Co. Mr. Fall's most recent work included a position as a business development manager for Wellspring Partners. Mr. Fall has previously consulted for such companies as Exxon, Texaco, Chevron, Pennzoil, Marathon, Merit Energy, Hilcorp, Bass Enterprises, Pennzenergy, and Mueller Engineering.
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