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Evolution Petroleum Corporation has reported that Randall Keys is joining the management team and is expected to be elected by the Board of Directors to the positions of Senior Vice President, Chief Financial Officer and Treasurer following the filing of the Company's 10-Q for the quarter ended December 31, 2013 and the effectiveness of Sterling McDonald's previously announced retirement.
Randy will also be elected to the position of Executive Vice President of NGS Technologies, a wholly owned subsidiary of Evolution Petroleum that is commercializing its patented GARP® artificial lift technology.
Mr. Keys has 27 years of experience as a senior finance professional in the energy business. He previously served as Chief Financial Officer for publicly traded Far East Energy Corp, BPZ Energy, Inc., Core Laboratories N.V. and 3DX Technologies, Inc., and as Treasurer of Norcen Explorer, Inc. Randy also managed financial reporting for Santa Fe Energy and Adobe Resources, and holds a BBA in Accounting from the University of Texas at Austin. His corporate experience is supplemented by managing a wholly owned manufacturing business and public audit supervisory experience with KPMG.
The Company further announced that Daryl Mazzanti, Vice President of Evolution Petroleum, will be elected to the additional position of Executive Vice President of NGS Technologies and will be responsible for GARP® operations. Mazzanti has been with Evolution Petroleum since 2005 as Vice President of Operations.
Robert Herlin, Chief Executive Officer of Evolution Petroleum, said: "We are very pleased to add Randy to our management team. He brings an entrepreneurial attitude along with proven public company energy finance expertise and substantial experience in the oil field service industry that will serve him well in his new positions with Evolution. His extensive public oil and gas company experience also makes him an excellent steward of our highly valuable Delhi Field asset. In his role within NGS Technologies, Randy will utilize his oil field service experience at Core Labs and 3DX Technologies to lead the marketing effort and work with Daryl to aggressively grow this important business unit. Daryl Mazzanti, the inventor of the GARP® artificial lift technology, already has made great strides in commercializing the technology as evidenced by our recent announcement of a ten well installation agreement. We expect the NGS Technologies team under the leadership of Randy and Daryl will build upon recent successes."