Saratoga Resources Announces Management Change
November 29 2013 - 08:30AM
Business Wire
Saratoga Resources, Inc. (NYSE MKT: SARA; the “Company” or
“Saratoga”) today announced that Michael Aldridge has submitted his
resignation as Executive Vice President and Chief Financial
Officer. The effective date of Mr. Aldridge’s resignation is
December 16, 2013.
Thomas Cooke, Chairman and Chief Executive Officer, stated,
“Mike notified us that he had received an offer to join a funded
early stage venture and would be resigning to pursue that
opportunity. With the recent addition of John Ebert as Vice
President – Finance and Business Development, we have no present
plans to fill the CFO position, but with Mike’s assistance in the
transition, we anticipate that our existing finance and accounting
team will ably assume the functions of that position. We are sorry
to see Mike leave and are appreciative of his services to Saratoga
and in facilitating a seamless transition and wish him well in his
new endeavor.”
About Saratoga Resources
Saratoga Resources is an independent exploration and production
company with offices in Houston, Texas and Covington, Louisiana.
Principal holdings cover 52,102 gross/net acres, mostly held by
production, located in the transitional coastline and protected
in-bay environment on parish and state leases of south Louisiana
and in the shallow Gulf of Mexico Shelf. Most of the company's
large drilling inventory has multiple pay objectives that range
from as shallow as 1,000 feet to the ultra-deep prospects below
20,000 feet in water depths ranging from less than 10 feet to a
maximum of approximately 80 feet. For more information, go to
Saratoga's website at www.saratogaresources.com and sign up for
regular updates by clicking on the Updates button.
Saratoga Resources, Inc.Brad Holmes, (713) 654-4009Investor
RelationsorAndrew Clifford, (713)
458-1560Presidentwww.saratogaresources.com