MIDLAND, Texas, June 8, 2010 (GLOBE NEWSWIRE) -- Doral Energy Corp. (OTCBB:DRLY) ("Doral" or "the Company"), is pleased to welcome the addition of Brad Heidelberg, Esq. to Doral's Board of Directors. Heidelberg's election to the Board will backfill the Board's current vacancy and is deemed to be effective as of June 4, 2010.
Brad is a native West Texan who currently practices oil and gas law within the Permian Basin. Brad has an undergraduate degree from Texas A&M University and a law degree from the Texas Tech University School of Law. His past legal experience includes duties as a former assistant district attorney of Midland County. Additional work experience includes working for the Austin based law firm of Linebarger Goggan Blair and Sampson, LLP.
Since 2005, Heidelberg is self employed and has worked exclusively on legal title opinions for oil and gas transactions located within the Permian Basin. Brad's oil and gas title work is associated with an estimated $350MM in transactional value to date.
Management Comments
E. Will Gray II, Chairman & CEO of Doral, states, "The addition of Brad to our Board further signifies the commitment management has undertaken to align itself with experienced individuals within the Permian oil and gas community. His significant legal and land background should prove to be a welcome asset in not only growing shareholder value but protecting it as well. Furthermore, this addition to the Board should signify the Board's commitment in strengthening corporate compliance which will play a decisive role when reaching its objective of submitting its application to a major trading exchange."
About Doral Energy Corporation
Doral Energy Corp. (OTCBB:DRLY) is an oil and gas exploitation and production company headquartered in Midland, Texas. Doral Energy Corp.'s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for generating near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves by infill drilling. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have strong proved developed non-producing and proved undeveloped reserves that can be tapped for significant growth. The prolific Permian Basin of Texas and New Mexico is the geographic region of focus for the Company's future acquisition activity. Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergy.com for more information.
Forward Looking Statements
In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, this news release contains forward-looking statements that are not historical facts and are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. In particular, there is no assurance that Doral will be able to further expand and build out Board Controls that will satisfy Corporate Compliance Regulations required to be in place prior to listing on a major exchange.
Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission.