Battalion Announces Appointment of New Chief Financial Officer
August 19 2020 - 4:30PM
Battalion Oil Corporation (NYSEA: BATL, “Battalion” or the
“Company”) today announced the appointment of Kevin Andrews as
Executive Vice President, Chief Financial Officer and Treasurer of
the Company effective August 17, 2020, replacing Ragan Altizer, who
plans to retire from the oil and gas industry.
Rich Little, Battalion’s Chief Executive Officer
commented, “Kevin brings to Battalion a substantial track record in
M&A, which will serve us well as we continue to evaluate
responsible, accretive growth through consolidation. With the
momentum we have achieved so far, I am pleased to leverage our
strengths as a company in further pursuit of transformational
change.”
Mr. Andrews has led a successful career in oil
and gas investment banking, most recently serving as Managing
Director and Head of Energy Investment Banking at Imperial Capital,
and previously at Wunderlich Securities, Pritchard Capital Partners
and Morgan Keegan. Prior to his career in investment banking,
Mr. Andrews was CFO of Denali Incorporated and Financial Manager at
both Moorco International and Envirotech, a Baker Hughes
subsidiary. Mr. Andrews began his career at Coopers &
Lybrand after earning an MBA and a BBA in Accounting from The
University of Tulsa.
Mr. Little further commented, “Ragan has played
an instrumental role in the transformational change that has
occurred at Battalion and we could not have accomplished this
without him. His unwavering leadership and friendship have been
greatly appreciated, and while his presence will be missed at
Battalion, we wish him well as he enters an exciting phase in his
life.”
Forward Looking StatementsThis
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Statements
that are not strictly historical statements constitute
forward-looking statements. Forward-looking statements include,
among others, statements about anticipated production, liquidity,
capital spending, drilling and completion plans, and forward
guidance. Forward-looking statements may often, but not always, be
identified by the use of such words such as "expects", "believes",
"intends", "anticipates", "plans", "estimates", “projects”,
"potential", "possible", or "probable" or statements that certain
actions, events or results "may", "will", "should", or "could" be
taken, occur or be achieved. Forward-looking statements are based
on current beliefs and expectations and involve certain assumptions
or estimates that involve various risks and uncertainties that
could cause actual results to differ materially from those
reflected in the statements. These risks include, but are not
limited to, those set forth in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2019 and other filings
submitted by the Company to the U.S. Securities and Exchange
Commission (“SEC”), copies of which may be obtained from the SEC's
website at www.sec.gov or through the Company's website at
www.battalionoil.com. Readers should not place undue reliance on
any such forward-looking statements, which are made only as of the
date hereof. The Company has no duty, and assumes no obligation, to
update forward-looking statements as a result of new information,
future events or changes in the Company's expectations.
About
Battalion
Battalion Oil Corporation is an independent energy company engaged
in the acquisition, production, exploration and development of
onshore oil and natural gas properties in the United States.
Contact John-Davis Rutkauskas Director,
Corporate Finance & IR (832) 538-0551
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