Stocks & Investing
Stocks and Investing
Stocks and Investing
Wed, June 2, 2010
Tue, June 1, 2010 Paul M. Johnston Appointed Senior Vice President & General Counsel
HOUSTON, TX--(Marketwire - June 1, 2010) - Magnum Hunter Resources Corporation (
Mr. Johnston has 30 years of increasing responsibility and management experience in all facets of general corporate, finance, securities and regulatory related legal matters. He is a former partner with the Dallas-based law firm, Thompson & Knight, LLP, representing both private and publicly held companies during a twenty-year career with the firm. Mr. Johnston also has seven years of in-house counsel experience, including as Vice President and Corporate Counsel, for a NYSE listed Fortune 250 company and most recently served as General Counsel for an SEC registered investment advisor involved in the management of onshore and offshore hedge funds. A 1977 graduate of Texas Tech University with a Bachelor of Arts in History (with Honors), Mr. Johnston received his Juris Doctorate degree (with highest honors) from Texas Tech University in 1980. While attending law school, Mr. Johnston was a member of the Order of the Coif and served as Managing Editor of the Law Review. Texas Monthly magazine listed Mr. Johnston as a Texas Super Lawyer in 2004 and 2005.
Management Comments
Mr. Gary C. Evans, Chairman and CEO of Magnum Hunter Resources, commented, "We welcome this additional senior executive level appointment of Paul Johnston at our Company. Magnum Hunter is continuing on its path of substantial growth within all areas of the organization and therefore, it is necessary to build-out our management team talent. With an equity market capitalization of $300 million, combined with the desire to acquire additional strategic properties and assets, the number and type of legal complexities requiring daily expertise within our organization has significantly grown. Having worked with Paul's brother and knowing for many years his family and their respective work ethic instilled by their father, we are excited that Paul has agreed to join our organization. Paul has not wasted any time either and has already 'hit the ground running'!"
About Magnum Hunter Resources Corporation
Magnum Hunter Resources Corporation and subsidiaries are a Houston, Texas based independent exploration and production company engaged in the acquisition of exploratory leases and producing properties, secondary enhanced oil recovery projects, exploratory drilling, and production of oil and natural gas in the United States. The Company is presently active in three of the "big four" emerging shale plays in the United States.
For more information, please view our website at [ http://www.magnumhunterresources.com/ ]
Forward-Looking Statements
This press release contains statements concerning Magnum Hunter Resources Corporation's expectations, beliefs, plans, intentions, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not historical facts. These statements and others contained in this presentation that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the Private Securities Litigation Reform Act of 1995 (the "Litigation Reform Act"). Actual results may differ materially from those expressed or implied by these statements. You can generally identify our forward-looking statements by the words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "objective," "plan," "potential," "predict," "projection," "should," "will,"or other similar words. Such forward-looking statements relate to, among other things: (1) the Company's proposed exploration and drilling operations on its various properties, (2) the expected production and revenue from its various properties, (3) the Company's proposed redirection as an operator of certain properties and (4) estimates regarding the reserve potential of its various properties. These statements are qualified by important factors that could cause the Company's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) the Company's ability to finance the continued exploration, drilling and operation of its various properties, (2) positive confirmation of the reserves, production and operating expenses associated with its various properties, (3) the general risks associated with oil and gas exploration, development and operations, including those risks and factors described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K for the period ended December 31, 2009 filed on March 31, 2010, and the Company's Quarterly Reports on Form 10-Q for the quarters ending June 30, 2009, September 30, 2009 and March 31, 2010, filed on August 14, 2009, and November 16, 2009, and May 17, 2010, respectively. Magnum Hunter Resources Corporation cautions readers not to place undue reliance on any forward-looking statements. Magnum Hunter Resources Corporation does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
