DTC Energy Group Announces New Initiative to Acquire Oil and Gas Reserves
DENVER, Jan. 10, 2013 /PRNewswire/ -- DTC Energy Group, Inc. ("The Company") today announced its board of directors has approved an initiative for the Company to pursue asset acquisitions with the intent of establishing a portfolio of operated or non-operated oil and gas projects. The Company also announced it has engaged the services of Barchan Advisory Services Ltd. to advise DTC in the areas of asset selection, capital finance and operations.
DTC's operating plan calls for the Company to participate in asset transactions which position DTC to begin developing a portfolio of energy reserves. Direct management of a company-owned position will also capitalize on DTC's experience and expertise in successfully developing energy reserves. This initiative is initially focused on producing properties and development opportunities located in mature U.S. onshore basins.
About DTC Energy Group, Inc.
DTC Energy Group, Inc. is a Denver-based petroleum operations consulting firm with extensive experience providing supervisory and project management services to medium- to large-sized independent oil and gas operators as well as majors. DTC's principals and staff collectively have practical experience in virtually every U.S. onshore producing basin. Company-supervised projects and operations are located across the U.S. and include the Mid-Continent, Rocky Mountains and Plains. Currently, DTC engineers and consulting supervisors are on location in the Bakken, Niobrara, Permian and Eagleford shale areas, assuring oil and gas operators that their operations goals are being met. Additional information about DTC Energy Group is available at www.dtcenergygroup.com or by contacting Heather Siegel, DTC public relations, at 303-242-3504.
About Barchan Advisory Services Ltd.
Barchan Advisory Services Ltd. provides advisory and consulting services to both public and privately held natural resources corporations. Barchan advises in operations, project acquisitions, divestitures and special situations where its expertise complements the needs of its clients. Additional information regarding Barchan is available at www.barchanadvisory.com.
SOURCE DTC Energy Group, Inc.