(GlobeNewswire Via Acquire Media NewsEdge) SAN MARCOS, Texas, Aug. 15, 2014 (GLOBE NEWSWIRE) -- Baron Energy, Inc. (Pink Sheets:BROE) ("Baron" or the "Company"), an independent oil and gas company based in San Marcos, Texas, has appointed Mr. Jay D. Squiers, CFA, to its board of directors. The appointment is effective August 15, 2014.
Ronnie L. Steinocher, Chairman, President and CEO, said, "We welcome Jay to our board and look forward to his contributions as we begin to ramp-up our business plan. He has a broad background in energy investments and business development initiatives which mesh well with our growth plan as we prepare to begin a multi-year drilling program."
Mr. Squiers is a Managing Director at Petro Capital Energy Funds, Dallas, Texas and a seasoned executive with an extensive background in debt and equity investments and corporate governance. He has originated and underwritten over $3.5 billion in debt securities and equity investments with extensive experience in energy investments, including oil and gas exploration and production; he previously served for a period of approximately ten years as a director for several Canadian oil & gas companies. Mr. Squiers is a Chartered Financial Analyst (CFA) and holds an AB magna cum laude in Economics from Princeton University and a JD with Honors from The University of Texas at Austin School of Law.
About Baron Energy, Inc.
Baron Energy, Inc. (Pink Sheets:BROE) is an independent oil and gas acquisition, production, exploitation, and exploration company based in San Marcos, Texas, with producing assets in South and Central Texas. Baron owns 100% operated production that is approximately 90% oil with working interests ranging from 75% to 100% in properties located in Frio and Taylor Counties, Texas. Baron's high-growth strategy is to make meaningful acquisitions with substantial drilling upside. Baron is geographically focused on Texas and its surrounding states.
For more information, please visit www.baronenergy.com
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "potential," "intend," and similar expressions. Such forward-looking statements, involved known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Baron Energy, Inc. (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including risk factors discussed in the Company's periodic fillings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.