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.