TORONTO,
Jan. 30, 2012 /PRNewswire/ -
Eagleford Energy Inc. (OTCBB: EFRDF) ("Eagleford Energy" or the
"Company"), is pleased to announce that on January 25, 2012, Alan D.
Gaines, B.B.A, M.B.A was appointed to the Board of Directors
of Eagleford Energy. Mr. Gaines has approximately 30 years
experience as an energy investment and merchant banker, and has
participated in raising significant debt and equity during his
career. The notable experience of Mr. Gaines extends to operations
as well. Mr. Gaines founded and served as CEO of Dune Energy from
inception in May 2001 through
May 2007. In May 2007, Dune Energy completed the acquisition
of Goldking Energy Corporation for $327
million, raising total proceeds of $540 million in senior notes and convertible
preferred stock, as well as refinancing existing indebtedness in
conjunction with the acquisition. Concurrent with the closing of
the Goldking transaction, new operating management, including a new
CEO, was hired by Dune Energy to oversee day to day operations. Mr.
Gaines retained his title of Chairman of the Board.
An acknowledged expert within the oil and gas
space, over the years Mr. Gaines has been quoted by numerous oil
and gas industry periodicals, as well as a multitude of magazines
and newspapers on a global basis, such as The Wall Street Journal,
Barron's, The New York Times, Forbes,
Fortune, Business Week, Financial Times of London and The Houston Chronicle.
About Eagleford Energy Inc.
Eagleford Energy Inc. is a growth orientated oil
and gas company with a focus on growing hydrocarbon reserves, cash
flow, and net asset value per share through exploration and
production of mineral properties in South
Texas. There are approximately 34.7 million shares issued
and outstanding in the capital of the Company.
Certain information regarding the Company in
this news release may constitute forward-looking statements under
applicable securities laws. The forward-looking information
includes, without limitation, projections or estimates made by us
and our management in connection with our business
operations. Various assumptions were used in drawing the
conclusions or making the forecasts and projections contained in
the forward-looking information contained in this press release,
which assumptions are based on management analysis of historical
trends, experience, current conditions and expected future
developments pertaining to the Company and the industry in which it
operates as well as certain assumptions as specifically outlined in
the release above. Forward-looking information is based on
current expectations, estimates and projections that involve a
number of risks, which could cause actual results to vary and in
some instances to differ materially from those anticipated by the
Company and described in the forward-looking information contained
in this press release. Undue reliance should not be placed on
forward-looking information, which is not a guarantee of
performance and is subject to a number of risks or
uncertainties. Readers are cautioned that the foregoing list
of risk factors is not exhaustive. Forward-looking
information is based on the estimates and opinions of the Company's
management at the time the information is released and the Company
disclaims any intent or obligation to update publicly any such
forward-looking information, whether as a result of new
information, future events or otherwise, other than as expressly
required by applicable securities laws.
SOURCE Eagleford Energy Inc.
