King Resources Engages Independent Audit Firm
August 14 2006 - 4:53PM
Business Wire
King Resources, Inc. (OTC: KING) through its CEO, D. James Fajack,
announced today that its Board of Directors has engaged Helin,
Donovan, Trubee & Wilkinson, LLP (HDTW) of Austin, Texas, as
its registered independent public accounting firm. HDTW has already
commenced reviewing all past and current financial information with
the intent to bring King into full compliance with SEC reporting
requirements as soon as possible. Fajack, added; "Though less than
four months have passed since the "new" KING has been in operation,
as can be seen by reading the "About King Resources" section below,
I feel we have already assembled a management and exploration team
along with properties and assets that would be the envy of even
some current exchange listed companies. With the addition of HDTW,
we have made the next critical step required in ultimately
fulfilling our commitment to shareholders to bring King current on
all SEC filing requirements and then once a required share price is
reached, to apply for a major stock exchange listing." About King
Resources King Resources is a development stage Oil and Gas
Exploration and Production Company with a bias toward high risk,
high reward "wildcatting". Its four senior members of Management
have over 140 years of Oil and Gas experience. The four have each
held senior Management positions including CEO positions in one
NYSE Company, one AMEX Company, CFO positions in two NYSE and One
NASDAQ and Exploration & Production Management in two NYSE
companies and Managing Partner in one private LLC. Existing major
assets owned include: 170,000 linear miles of 2D Seismic along with
over 1,000 old well data packages in Texas, Louisiana, and
Mississippi; a 100% working interest in approximately 2,700 acres
in the Fayette Field, Jefferson County, Mississippi; a Joint
Venture agreement under which it acquired a 50% interest with
Carpathian Energy Companie Petroliera, SRL in the Calinesti Field
Southwest of Bucharest, Romania which encompasses approximately
189,000 acres; and, a 50% working interest in 10,000 acres Offshore
Gulf of Mexico, Vermillion Blocks 112 and 113 approximately 30
miles off the coast of Louisiana. King's team has extensive
national, international, on, and offshore exploration experience in
drilling, designing production platforms and production. King's
team has evaluated and developed projects in the Gulf of Mexico,
the North Sea, offshore Nigeria, and other areas. Management
resumes, assets and property descriptions can be found at
www.kingresources.net Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: Except for historical
information, the forward-looking matters discussed in this news
release are subject to certain risks and uncertainties in the Oil
and Gas industry which could cause the Company's actual results and
financial condition to differ materially from those anticipated by
the forward-looking statements including, but not limited to, the
Company's liquidity and the ability to obtain financing, the timing
of regulatory approvals, uncertainties related to corporate
partners or third-parties, competition, and the early stage of
exploration and development, as well as other risks indicated from
time to time in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of
subsequent events. King Resources can be contacted by calling
Foster Hagen of Investor Relations at 512-334-6500, or Investor
Relations at investorrelations@kingresources.net, or
www.kingresources.net
King Resources (PK) (USOTC:KRFG)
Historical Stock Chart
From Jun 2024 to Jul 2024
King Resources (PK) (USOTC:KRFG)
Historical Stock Chart
From Jul 2023 to Jul 2024