LAS VEGAS, Dec. 2, 2010 /PRNewswire-FirstCall/ -- Consolidation Services, Inc. ("CNSV" or the "Company") (OTC Bulletin Board: CNSV), an exploration and production company engaged in the acquisition, operation and development of domestic oil and natural gas, announced that Bruce Berwager P.E. and Michael H. Kobler have joined its Advisory Board. The Company continues to recruit experienced engineers and operators to assist in the execution of its business plan and acquisition strategy including its current pending acquisition announced on October 16th, referred to as the "Grayson Acquisition." Those assets consist of oil & gas leases, equipment and operations located in Kern and Santa Barbara Counties, California and represent ongoing current production equal to 265 barrels of oil per day and 485 mcf per day of natural gas. The six leases currently have 54 producing wells on over 2,250 acres. The producing zones include the Antelope Shale, Monterey Chert, and Sisquoc Sand.
Bruce Berwager P.E.:
- 30 years of international oil, gas and biofuels experience in engineering and management roles with Chevron, ConocoPhillips, Unocal and independents
- Former COO and Board Member of Venoco and Senior Vice President & California GM of Warren Resources
- Experienced in exploration and development, mergers and acquisitions, reserve valuation, organizational development, and California operations
- BS & MS degrees in Petroleum Engineering. Licensed Professional Petroleum Engineer
Michael H. Kobler:
- BS Mining Engineering, University of Montana
- 30 years international experience in tunneling and underground construction, shaft sinking, horizontal drilling and site reclamation
- Experienced in identification and acquisition of unconventional hydrocarbon resources
- Founder of OSUM Oil Sands Corp. of Calgary, former Director, CEO and Vice-President
Founded in 2007 and based in Las Vegas, Nevada, Consolidation Services, Inc. is engaged in the acquisition, operation and development of domestic oil and natural gas production. The Company currently owns oil and gas wells along with oil and gas mineral rights on approximately 13,500 acres in eastern Kentucky and Tennessee. Consolidation Services, Inc. is attempting to build shareholder value through further acquisition and development of domestic energy resources.
For more information, please visit: consolidation-services.net or csi-energy.net
Forward Looking Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words "believe," "anticipate," "plan," "expect," "seek," "potential", "estimate" and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and the forward-looking statements contained herein are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
SOURCE Consolidation Services, Inc.