CARSON CITY, Nev., Feb. 14, 2012 /PRNewswire/ -- Drake Gold
Resources (OTC Markets: DKGR) is pleased to announce that it has
appointed a CEO, CFO, COO as well as a new board of
directors. This is one of the final steps in the process of
completing the acquisition of private, producing, oil & gas
assets.
Mr. Robert E. Jackson, P.E., P.L.S. (Professional Engineer,
Professional Land Surveyor) has been appointed as Drake's CEO and
Chairman. Robert has over 30 years of progressive experience in the
oil and gas industry in Pennsylvania and West Virginia's Appalachian fields. He began
his career as a Field Engineer and progressed through various
operating and engineering positions to Chief Operating
Officer/Director of Apollo & Carnegie Gas Companies, a wholly
owned U.S. Steel Subsidiary (X), and managed the integration and
subsequent merger of all facilities with both Marathon Oil Company
(MRO) and Equitable Resources (EQT). Since 2001, Robert has been a
self-employed consultant working with numerous Pennsylvania producers, municipalities, land
owners and conservation groups on oil and gas projects; Newfield
Exploration Company (NFX) on regulatory issues associated with
their entry into the Marcellus Shale Field; and Kujak Testing Inc.,
a regulatory and training consortium, on the complexities of the
oil and gas industry.
Mr. Thomas M. Smith has been
appointed as Drake's COO, CFO and Director. Mr. Smith is an
entrepreneurial manager with extensive experience in operations,
finance and accounting having served over 20 years in senior
management roles. He has a proven track record of
accelerating companies' growth in both size and profits. Mr. Smith
began working for Citgo Petroleum Corporation, one of the nation's
top ten petroleum producers, where his position involved
planning/negotiating mergers and acquisitions in key locations in
order to maximize freight logistics. He subsequently acquired 6
entitles through the T. Boone Pickens' hostile takeover. Mr. Smith also
served as Controller of Unibev, a startup acquisition arm for
franchise-owned Pepsi bottlers. He acquired 12 franchise bottlers
in 3 states and engineered the growth of Unibev from a start up to
over $500 million in sales until it
was acquired by Pepsico (PEP). Mr. Smith then served Russell Standard in the capacity of CFO/COO.
Russell Standard is a third
generation family owned company initially with approximately
$16 million in revenues. In these
positions, he focused on mergers and acquisitions growing the
company from $16 to $80 million in
revenue.
To read the full management biographies please visit:
http://DrakeGold.com/Management
Drake is in the final stages of the aforementioned acquisition
being vended in. After this, the financial and disclosure
statements will be released and subsequently posted to OTC Markets,
and the new, asset will be formally announced.
For any inquires please contact Investor Relations at phone:
530-405-3547 or email: IR@Drakegold.com.
Please read the Forward Looking Statements & Risk Factors:
http://DrakeGold.com/Risk_Factors
SOURCE Petro Lucre LLC