Shares for Black Stallion Oil & Gas, Inc. (OTCBB:BLKG) are up as much as 14% on volume that as of midday is pacing to double the 30 day average.
- The stock closed Friday at $1.525.
- Today shares surged as high as $1.74, and as of this midday alert are currently up 10.82% at $1.69.
Last Week We Shared News on BLKG:
Black Stallion Oil & Gas Appoints 45-Year Industry Veteran as VP Exploration and Two Geologists to Advisory Board
LOS ANGELES, Aug. 24, 2015 (GLOBE NEWSWIRE) — Black Stallion Oil & Gas, Inc. (OTCBB:BLKG) (herein after “Black Stallion”, “we”, “our” and/or “the Company”) is pleased to announce the appointment of Geologist Michael L. Pinnell, who began his career with Exxon 45 years ago, to the Company’s Team as VP Exploration. The Company also announces the appointment of Geologists Irving J. Prentice and Case Lewis to Black Stallion’s Advisory Board.
Black Stallion’s CEO, George Drazenovic, commented: “We welcome Mr. Pinnell, Mr. Prentice and Mr. Lewis to the Black Stallion team. Together, they represent over 90 years of industry experience that we will draw on extensively as we move forward with our development plans for the sizeable Woodrow Prospect in the Alberta Basin Bakken.”
The professional backgrounds of the new Black Stallion team members are provided below.
MICHAEL L. PINNELL – VP EXPLORATION
Michael Pinnell represents over 45 years experience as a Geologist, with an extensive background as a well site geologist and consultant providing acreage and prospect evaluation. As a presenter of 20+ major papers on oil and gas exploration at AAPG, geological societies, universities and other geologic venues, his focus has been on a multidisciplinary approach to identifying large commercial reserves in new oil and gas exploration provinces.
Michael started his career in 1970 as a Geologist and Geophysicist with Exxon, during which time he mapped the Anadarko basin and participated in oil and gas exploration in Permian basins of West Texas and all Rocky Mountain Basins.
Subsequent Exploration Manager positions included an 18-year tenure with Pioneer Oil and Gas, where Michael helped put together over half a million acres in a Utah Thrust belt play, and acquired 75,000 acres in the Uinta Basin.