DENVER, Dec. 1, 2009 (GLOBE NEWSWIRE) -- Recovery Energy (OTCBB:RECV) is pleased to announce the appointment of Jim Miller to its Board of Directors. Effective November 16th, Mr. Miller serves as an independent director.
"Jim's addition to our board brings depth and experience to the company," said Recovery Energy's CEO, Jeffrey Beunier, "with more than ten years of expertise acquiring distressed assets and companies in the energy sector. His addition helps provide Recovery Energy with a significant advantage in locating, analyzing, acquiring, and operating undervalued assets."
Mr. Miller is a co-founder and managing director of FirstCity Crestone, LLC, a special situations investment company, with a focus on small market investing activities within the energy, mining, retail, and transportation industries. Jim leads the firm's acquisition and business development initiatives.
Before FirstCity Crestone, he was a director of originations for two distressed investment funds based in Denver, Colorado. He began his career with a billion dollar holding company that focused on distressed situations, natural resources, and energy opportunities. He holds a bachelor's degree from Colorado College.
About Recovery Energy
Recovery Energy is an independent energy company focused on the acquisition and development of undercapitalized and neglected onshore oil and gas fields located in the United States. Utilizing enhanced recovery techniques on mature producing properties that present opportunity through low risk field development, Recovery Energy is committed to enhancing shareholder value through efficient deployment of capital as a low cost operator and acquirer throughout the heartland of the U.S. from its headquarters in Denver, Colorado. To learn more, please visit www.recoveryenergyco.com.
Forward-Looking Statements and Risk Factors
Certain statements in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements could involve a number of risks, uncertainties and other factors that could cause actual results, performance or achievements of Recovery Energy to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Other factors, which could materially affect such forward-looking statements, can be found in our filings.