Dallas, TX (PRWEB) April 12, 2007
Omni Oil & Gas, Inc. (OMOI.PK, http://www.omnioil.com), a company specialized in oil and gas exploration and production, announced today that it had effected certain changes in its senior management structure and make-up of the Company's Board of Directors.
In particular, Gordon H. Johnson has resigned as Co-CEO of Omni, while retaining his current position as Chairman of the Board. James R. Renfro, who served alongside Mr. Johnson as Co-CEO, will now proceed in his capacity as the Company's sole CEO, as well as its President.
Regarding the changes, Mr. Johnson stated, "Jim Renfro is a highly capable professional, who not only has an extensive background in investment banking at Dean Witter Reynolds and EnCap Investments, Inc., but has developed strong technical abilities during his tenure as an engineer at Exxon. I believe his unique mix of talents is ideal for executing the next phase of Omni's business plan."
In addition, Stephen Smith, a Director, has resigned from his position on the Board. The Company expresses its gratitude to Mr. Smith for his valuable service to date as a Director. Omni has no plans to fill the Board seat left vacant by Mr. Smith at this time.
About Omni Oil & Gas, Inc.:
Omni Oil & Gas, Inc. (http://www.omnioil.com) is an early stage, oil and gas development company with offices in Texas and Colorado. The Company specializes in the purchase, rework and enhancement of properties in proven oil and gas fields. This business methodology offers lower potential risk and higher potential returns, often in shorter time periods, than through traditional means of oil and gas exploration. To date, Omni has assembled, and is reworking, a portfolio of eleven oil and gas fields throughout Texas, Louisiana and Oklahoma with over 100 wells producing, or capable of producing, and net proven future oil and gas reserves valued at over $60 million.
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