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Morgan Creek Energy Corp. Appoints John Clayton Weldy Jr. to the Board of Directors
DALLAS, Dec. 10 /PRNewswire-FirstCall/ -- The management of Morgan Creek Energy Corp. ("The Company") ("Morgan Creek") (OTC Bulletin Board: MCKE; M6C1-Frankfurt) has accepted the appointment of John Clayton Weldy Jr., BS Petroleum Engr, BS Mechanical Engr, M.S Environmental Engr, as a Board Director effective December 08, 2009.
Mr. Weldy is a highly knowledgeable petroleum engineer with over 18 years of international and domestic experience as a petroleum, mechanical and environmental engineer. Additionally, he has specialized knowledge extending from personal management in well completions, operations and production engineering.
He has over 15 years experience in open-hole completions. He completed the first horizontal open-hole completion for Texaco in unconsolidated sandstone using synthetic based mud in 1993, winning the Highest Innovation award from Texaco for design work in the completion of the 1993 horizontal open hole completion.
Mr. Weldy also has over 16 years of extensive sand control experience. Completion types range from cased and gravel packed (high rate water packs, circulating packs and squeeze packs) to cased hole frac and pack, to open hole sand control. He has extensive experience and knowledge of drilling and completion fluids and was the completion engineering lead at Shell for extensive lab tests of conventional and reversible synthetic based drill in fluids and solids free synthetic based pills for a GOM water injector project.
Mr. Weldy Jr. is currently Senior Completion Engineer at Eni Petroleum, New Orleans, LA, and has worked in senior management and as head of varying operations for Sandridge Energy of Oklahoma City (2008-2009), Deep Water Subsea Completions Engineer at Shell International and Exploration Company of New Orleans, Louisiana (2005-2008), VP Operations at Petroreal of America, Inc., in New Orleans, Louisiana (2004-2005) and as a self-employed consultant to a variety of companies preparing remedial and work over procedures, along with cost-estimates for existing oil and gas wells.
Prior to his senior-level management role, Mr. Weldy held the positions of Production Manager for Century Exploration, Inc. of Metairie, Louisiana (2001-2002); Senior Petroleum Engineer with Watson Energy, LLC. Of Mandeville, Louisiana (2000-2001), and Operations Engineer for Operation Services, Inc. of Lafayette, Louisiana (2000).
He is the co-author of an industry white paper, "Best Completion Practices", SPE paper #52810. John Clayton Weldy Jr. holds a Master of Science Degree in Environmental Engineering from Tulane University, a Bachelor of Science Degree in Mechanical Engineering from the University of Alabama and a Bachelor of Science Degree in Petroleum Engineering from the University of Alabama.
About Morgan Creek Energy Corp.:
Morgan Creek Energy Corp. is a natural resource exploration company engaged in the acquisition and development of strategic oil and natural gas properties. For further information see: www.morgancreekenergy.com
Symbol: OTCBB - MCKE; Frankfurt/Berlin Symbol - M6C1, WKN No.: A0QYTM; ISIN: 61732R 206
SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH PROPERTY DEVELOPMENT AND FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-KSB AND ON FORM 10-QSB AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE NASD, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
SOURCE Morgan Creek Energy Corp.
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