Approach Resources Inc. Announces Executive Promotion
January 30 2017 - 5:00PM
Approach Resources Inc. (NASDAQ:AREX) (“Approach” or the “Company”)
today announced that Qingming Yang has been promoted to President.
Mr. Yang has been leading Approach’s operations group as
Chief Operating Officer since 2012. The appointment reflects
Mr. Yang’s record of leadership and results throughout his tenure
at Approach. Mr. Yang will keep his title of Chief Operating
Officer.
J. Ross Craft, the Company’s Chairman and Chief Executive
Officer, stated: “Qingming is a proven leader who has a strong
track record of operations execution, efficiency and cost control
which have been competitive advantages for Approach.
Qingming’s proven ability to develop our asset efficiently is a
platform that is crucial as we continue to transform the Company
and with a mission to increase the value of Approach for our
investors, employees and business partners. I congratulate
Qingming on a well-deserved promotion. I look forward to
working closely with Qingming as we embark on the next chapter of
Approach Resources.”
About Approach Resources
Approach Resources Inc. is an independent
energy company focused on the exploration, development, production
and acquisition of unconventional oil and gas reserves in the
Midland Basin of the greater Permian Basin in West Texas. For
more information about the Company, please visit
www.approachresources.com. Please note that the Company
routinely posts important information about the Company under the
Investor Relations section of its website.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements,
other than statements of historical facts, included in this press
release that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. Without limiting the
generality of the foregoing, forward-looking statements contained
in this press release specifically relate to creating value in the
future for Company stakeholders. These statements are based
on certain assumptions made by the Company based on management’s
experience, perception of historical trends and technical analyses,
current conditions, anticipated future developments and other
factors believed to be appropriate and reasonable by management.
When used in this press release, the words “will,” “potential,”
“believe,” “estimate,” “intend,” “expect,” “may,” “should,”
“anticipate,” “could,” “plan,” “predict,” “project,” “profile,”
“model,” or “mission” or their negatives, other similar expressions
or the statements that include those words, are intended to
identify forward-looking statements, although not all
forward-looking statements contain such identifying words. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause actual results to differ materially from those
implied or expressed by the forward-looking statements. These
risks, uncertainties, assumptions and other important factors
include, but are not limited to the risks and uncertainties
indicated from time to time in the documents filed or to be filed
with the Securities and Exchange Commission (“SEC”), including
those under “Risk Factors” therein. The
Company’s SEC filings are available on the Company’s
website at www.approachresources.com. Any forward-looking
statement speaks only as of the date on which such statement is
made and the Company undertakes no obligation to correct or update
any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
applicable law.
INVESTOR CONTACT
Suzanne Ogle
Vice President - Investor Relations & Corporate Communications
ir@approachresources.com
817.989.9000
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