American Community Development, Inc., Announces the Appointment of Vice President, Geology
09 Junio 2011 - 7:00AM
Marketwired
American Community Development, Inc. (PINK SHEETS: ACDP) announces
the appointment of Vice President, Geology.
Brian C. Mahood, P.Geol., P.Geo has been appointed Vice
President, Geology.
Mr. Mahood is a senior exploration and development geologist
with over 40 years experience in the Canadian petroleum industry.
Mr. Mahood obtained a Bachelor of Science (Geology) degree from the
University of British Columbia in 1970 and completed the majority
of an MBA from the University of Calgary. Mr. Mahood has held
intermediate and senior management positions with both junior and
senior oil and gas companies, including Canadian Spirit Resources
Inc., Spearhead Resources Inc., Unicorp Resources Ltd. and Gulf
Canada Resources Limited. He has extensive experience in
conventional and unconventional exploration and development
geology, acquisition and divestiture of properties, reserve and
exploitation studies, horizontal well feasibility studies, project
economics and the management of exploration strategy, programs and
budgets. He has been involved in drilling over 1000 wells with a
success rate over 80%. Mr. Mahood is presently a member in good
standing of the Association of Professional Engineers, Geologists
and Geophysicists of Alberta (APEGGA), the Association of
Professional Engineers and Geoscientists of Saskatchewan (APEGS),
the Canadian Society of Petroleum Geologists (CSPG), the Canadian
Well Logging Society (CWLS) and the American Association of
Petroleum Geologists (AAPG).
The ACDP board of directors takes this opportunity to welcome
Mr. Mahood to our management group.
Management Comment: "ACDP considers itself fortunate to have the
opportunity to participate in such a large scale oil and gas play
resident onshore in the USA. The combination of continued
restrictions on offshore drilling, turmoil in the far east, and
surging oil prices (recently over $100 per barrel), all of which
affects demand - supply balance; makes this an attractive and
timely business opportunity to fast track shareholder value."
About American Community Development, Inc.:
ACDP is an emerging domestic oil and gas company, and will be
focused on exploiting oil and gas reserves onshore within the USA.
ACDP is in the process of assembling a seasoned team of managers
and technical professionals in the areas of geology, geophysics,
engineering, and legal. ACDP is positioning itself for aggressive
asset growth and shareholder value enhancement.
This news release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Act of 1934, as amended;
such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in operating results due to a number of economic,
competitive and other factors. These factors could cause operations
to vary significantly from those in prior periods, and those
projected in forward-looking statements. Information with respect
to these factors, which could materially affect the Company and its
operations, are included on certain forms the Company files with
the Securities and Exchange Commission.
Contacts: American Community Development, Inc. Bruce A. Thomson,
B.A.Sc. President & CEO 702-605-0145 info@acdp-ir.com
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