HOUSTON, Jan. 22, 2008 (PRIME NEWSWIRE) -- Hanover Gold Company Inc. (OTCBB:HVGO) today announced, as disclosed in its Current Report on Form 8-K filed on January 3, 2008, the appointment of its executive officers and directors as follows: Rocky V. Emery as Chief Executive Officer and Director, Allan J. Smedstad as Chief Financial Officer, Tom S. Elliot as Chief Operating Officer, and William F. Mosley and Stephan J. Warner as directors.
Mr. Emery founded Rock Energy Partners LP in April 2004 and acted as its Chief Executive Officer until the closing of the Asset Purchase with Hanover Gold Company on December 21, 2007. Prior to forming Rock Energy Partners, Rocky Emery had a ten-year career in the financial services industry. Mr. Emery earned his Bachelor of Science in physiology from the University of Utah.
Allan Smedstad has over 40 years experience as an accounting and audit manager with large and small independent oil and gas companies. He was Secretary and Treasurer of Rock Energy Partners from April 2004; and, from 2001 to 2004, he was an oil and gas auditor with BRI Consulting Group, Inc.
Tom Elliott earned his professional petroleum engineering degree from the Colorado School of Mines and has been an independent business consultant since 2004. From 2001 to 2004 he acted as a senior management adviser on a consultant-basis to Texas Independent Exploration. He previously served as a senior management adviser to Equinox Oil Company and as a consultant and senior management adviser to Tri Gas Union Development.
William Mosley, CPA, has been the president of W. F. Mosley Inc., an independent CPA firm in Houston, Texas, for the past 20 years. Prior to that time, he was owner of the firm of W.F. Mosley & Co. and, before that, a partner in the CPA firm of Leavitt & Mosley & Co.
Stephan Warner was a co-founder and has been a partner of Crossbow Ventures Inc., a private equity firm with over $100 million under management, since 1998. From 1994 to 1998 he was a consultant to private equity firms and to USAID. Previously, he was Managing Director of Commonwealth Associates, a privately held brokerage firm involved in the financing of emerging growth companies. From 1970 to 1990 he was President of Merrill Lynch Venture Capital. He holds a bachelor's degree from MIT, an MBA from the Wharton Graduate School of Business, and a law degree from Blackstone School of Law.
"We are very pleased with the quality and experience of our board and feel that their commitment to guiding this company speaks volumes as to the potential, future success Hanover/Rock," said CEO Rocky Emery.
Hanover Gold recently acquired the assets and liabilities of Rock Energy Partners LP under the terms of an asset purchase agreement, dated December 21, 2007, and announced Rock Energy as the surviving operating entity. Rock Energy will continue to trade under the symbol "HVGO" until a new symbol is issued by the NASD, and the new public entity will be renamed Rock Energy Resources Corporation.
As part of the terms of the agreement, Hanover Gold and Rock Energy Partners also accepted the resignations of Hanover's executive officers, including Terry Dunne as President, Paul Fredericks as Vice President and Dan McKinney as Secretary, effective January 3, 2008.
About Hanover Gold Company, Inc.
Originally formed in April of 2004 as Rock Energy Partners LP, Hanover Gold Company is an oil and gas company based in Houston, Texas, that seeks out untapped, onshore natural gas and crude oil resources using cutting-edge 3D technologies. Hanover currently produces and sells natural gas and crude oil from two locations: the Wilcox trend in Colorado County, Texas, and the Monterey Formation in Santa Barbara County, California.
Safe Harbor Forward-Looking Statements
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made herein are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Hanover Gold, and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.