HOUSTON, April 4, 2012 /PRNewswire/ -- X-Change Corporation (OTCQB: XCHC.PK) announced today the appointment of Atul Trivedi as the Chairman and CEO. Mr. Trivedi's years of executive expertise and experience will build long term revenues and shareholder growth. Mr. Trivedi was currently promoted to President and CEO of Cress Oil, Inc., a subsidiary of X-Change Corporation.
Mr. Trivedi has 30 years of experience in various oil and gas upstream disciplines. He started his career in 1982 as a Field Engineer in New Orleans, Louisiana with Getty Oil Company. In 1984 Texaco acquired Getty and Mr. Trivedi continued working for Texaco in New Orleans for company assets in GOM. Shortly afterward, he was assigned to exploration in Angola in 1989-1994. Following the Angola assignment, Mr. Trivedi repatriated to the United States and was promoted to Texaco's Team Leader for South Texas Assets overseeing exploitation and portfolio management through farm-in and farm-out. In 1997 he joined Texaco's Worldwide Exploration business unit in Houston, Texas as an Economist and evaluated Asian, Middle Eastern and West African countries for exploration opportunities through various bid rounds. With the ChevronTexaco merger in 2001, Mr. Trivedi was promoted to World Business Manager, Economics and Planning for assets in West Africa DW until 2008. Mr. Trivedi has been responsible for $3 billion in asset evaluations and drilling projects.
Mr. Trivedi is currently reviewing approximately 100,000 acres for exploration in the Bakken Shale for the company.
About X-Change Corporation
X-Change Corporation is building interests in a broad range of oil and gas projects worldwide. The Company is an independent energy company engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations
SOURCE X-Change Corporation