LOS ANGELES, CA--(Marketwired - Dec 22, 2015) - Eos Petro, Inc. ("Eos") (OTCQB: EOPT) today announced that it has appointed Alan D. Gaines as Chief Executive Officer.
"The Board of Eos is pleased and very excited to attract someone of Mr. Gaines' caliber," said Nikolas Konstant, Chairman, Director, and Founder of Eos Petro. "His professional acumen and experience regarding all aspects of capital formation, mergers and acquisitions in the oil and gas industry are a great asset for Eos and its stockholders going forward."
Mr. Gaines has more than 30 years' experience as an energy investment and merchant banker, and has participated in the raising of debt and equity totaling in excess of $100 billion during his career. An acknowledged expert within the oil and gas space, numerous oil and gas industry periodicals, as well as a multitude of magazines and newspapers on a global basis have quoted Mr. Gaines over the years.
In 1983, Mr. Gaines co-founded Gaines, Berland Inc., a full service investment bank/advisory and brokerage, specializing in global energy markets, with particular emphasis on small to mid- capitalization public and private companies, involved primarily in the exploration and production of oil and natural gas. In the three years prior to selling his personal stake in the company in 1998, Gaines, Berland acted as lead underwriter and/or participated in the placement of more than $3 billion of equity and debt securities in the energy sector.
In recent years, Mr. Gaines founded Dune Energy, Inc., where he served as Chairman of the Board of Directors from its inception in 2001 through April 2011 and as Chief Executive Officer from inception through April 2007. Mr. Gaines was the driving force behind Dune's successful capital raise in excess of $500 million in May 2007, which resulted in the acquisition of Goldking Energy Corporation.
Mr. Gaines holds a B.B.A. in Finance from Baruch College (CUNY), and an M.B.A. in Finance ("With Distinction"-Valedictorian) from The Zarb School, Hofstra University Graduate School of Management.
"I am extremely pleased to be associated with Eos and its distinguished board of directors," said Mr. Gaines. "I fully expect that our team will grow Eos into a formidable and intelligently capitalized company in the near future. Our goal will always be to fully maximize shareholder value."
About Eos Petro
Eos Petro is an independent exploration and production company headquartered in Los Angeles. Founded by seasoned executives, Eos is dedicated to the acquisition of producing properties with superior economics, and subsequently growing organically through the exploitation and development of its existing undeveloped locations by the use of drilling, workover, recompletion and other lower-risk development projects, in order to increase proved reserves and production. In addition, the Company will seek to acquire assets within specific areas of focus. Such transactions are primarily on a negotiated basis, utilizing proprietary industry relationships. The Company evaluates potential acquisitions by analyzing geological information to identify upside potential.
For further information, please visit the company's website at www.eos-petro.com.
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