Energy Hunter Resources Promotes H.C. Kip Ferguson III

To President & Chief Operating Officer

Irving, TX, February 14, 2018 Energy Hunter Resources, Inc., an exploration and production company headquartered in Irving, Texas, today announced that it has promoted H. C. Kip Ferguson III to President & Chief Operating Officer.

 

Gary C. Evans, Chairman and Chief Executive Officer of Energy Hunter Resources said, “Kip Ferguson and I have worked closely together for more than eight years. While a geologist by training, Kip has a well-rounded knowledge of all aspects of our business. We have drilled many successful horizontal wells together. At Magnum Hunter Resources, he was President of our Eagle Ford Shale division. He was in charge of the project development and oversaw the execution of our day-to-day drilling, completion and production activities in this South Texas region. The drilling of approximately 60 horizontal wells and the ultimate sale of the assets for $401 million in cash provided an excellent return for our shareholders.”

 

Evans continued, “At Energy Hunter Kip has played an instrumental role in assisting me in building our lease acreage positions in both the San Andres and Eagle Ford oil plays. We are continuing our acquisition efforts, predominantly in the Permian Basin, and have begun development of our horizontal drilling initiatives. Our first new high impact horizontal well  went on production January 1st in the Eagle Ford shale. It is my pleasure to announce Kip’s promotion to the position of President and Chief Operating Officer of Energy Hunter Resources, which is so well deserved.”

 

Prior to joining Energy Hunter Kip Ferguson served as Executive Vice President of Exploration at Magnum Hunter Resources. At Magnum Hunter Resources, Ferguson was President of the company’s Eagle Ford Shale division where his actions successfully contributed to the sale of the division to Penn Virginia for $401 million; generating an approximately 80 percent Internal Rate of Return for our shareholders. Prior to Magnum Hunter Resources, Kip  Ferguson  was President and Director of Sharon Resources, Inc. and Sharon Energy Ltd., which was subsequently acquired by Magnum Hunter in 2009. Ferguson, a third generation geologist, earned a Bachelor’s degree in Geology from the University of Texas at Austin. He is a member of the American Association of Petroleum Geologists, Society of Petroleum Engineers, Independent Petroleum Association of America and the Houston Geological Society.

About Energy Hunter Resources, Inc.

Energy Hunter Resources, Inc. is an independent oil company headquartered in Dallas, Texas with a mission to own and operate properties within some of the most prolific resource plays in the United States. Initially focusing on the Eagle Ford Shale and Permian Basin, Energy Hunter’s aim is to create substantial shareholder value through a balanced program of acquisitions and low-risk development and exploitation opportunities utilizing current generation horizontal drilling and fracture stimulation technology.

 Forward-Looking Statements

This press release may include ‘‘forward-looking statements.’’ To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ‘‘should,’’ ‘‘may,’’ ‘‘intends,’’ ‘‘anticipates,’’ ‘‘believes,’’ ‘‘estimates,’’ ‘‘projects,’’ ‘‘forecasts,’’ ‘‘expects,’’ ‘‘plans,’’ and ‘‘proposes.’’ Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures. Forward-looking statements speak only as of the date of the document in which they are contained, and Energy Hunter does not undertake any duty to update any forward-looking statements except as may be required by law.

Legal Disclaimer

Energy Hunter Resources, Inc. has filed an offering statement on Form 1-A relating to its securities with the Securities and Exchange Commission but it has not yet become qualified. You may obtain a copy of the most recent version of the offering statement containing the preliminary offering circular with the following link: https://www.sec.gov/cgi-bin/browse-edgar?company=Energy+Hunter+Resources&owner=exclude&action=getcompany. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No money or other consideration is being solicited at this time with respect to such an offering, and if sent in response to these materials for such an offering, it will not be accepted. No securities may be sold, and no offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A, until an offering statement is qualified by the U.S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest made by a prospective investor in a Regulation A offering is non-binding and involves no obligation or commitment of any kind.

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