Mesa Energy Appoints New CFO

Mesa Energy Holdings announced the appointment of Rachel L. Dillard, CPA, as the new Chief Financial Officer. Ms. Dillard has extensive knowledge and experience in the E&P sector of the oil and gas industry as well as the public market.

Ms. Dillard began her career in the oil and gas industry in 1996 with CDX Gas. In an association that concluded at the end of 2006, she served CDX both as a consultant to the CEO and CFO and as an employee in matters of financial analysis, natural gas marketing and balancing, investor relations and payout analysis. Ms. Dillard also held the position of Director-Financial Services in which she developed models for the budgeting of capital expenditures and general and administrative expense and formalized/centralized the process of fixed asset management for CDX and its subsidiaries. In addition, she implemented the automated calculation and recording of depletion, depreciation and amortization (DD&A) of oil and gas properties and depreciation of fixed assets including pipelines, gathering systems, drilling rigs and components, two aircraft and multiple vehicles.

During that period, Ms. Dillard also served as an Accountant for Rising Star Energy, LLC, Republic Energy, Inc., and Longview Production Company. Since the beginning of 2007, Ms. Dillard has been employed by or otherwise provided accounting services to TransAtlantic Petroleum Corporation, Westside Energy Corporation, Crusader Energy Group, Inc. and Luminant, the power generating subsidiary of Energy Future Holdings (formerly TXU Corp.).

In 2009, Ms. Dillard joined the Division of Resolutions and Receiverships of the Federal Deposit Insurance Corporation as a contract accountant. In March 2010, she was engaged by the FDIC as Financial Institution Accountant and, in January 2011, as Accounting Technical Monitor of a national servicer of loan portfolios exceeding $1 billion.

"We are delighted to welcome Ms. Dillard as our new Chief Financial Officer. Her expertise and leadership skills will be a great addition to our corporate team as we enter a new phase of our company's growth," said Randy M. Griffin, CEO of Mesa Energy Holdings, Inc.

Ms. Dillard earned her Bachelor of Science Degree in Business Administration with an Emphasis in Accounting, cum laude, from The University of Texas at Dallas. She is licensed by the State of Texas as a Certified Public Accountant and is a member of the Council of Petroleum Accountants Societies (COPAS), Texas Society of CPA's, and the American Institute of Certified Public Accountants.


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