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UMFG UMF Group Inc (PK)

0.0055
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
UMF Group Inc (PK) USOTC:UMFG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0055 0.0024 0.0065 0.00 01:00:00

American Community Development, Inc., Announces the Appointment of Vice President, Geology

09/06/2011 1:00pm

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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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