Firecreek Petroleum, Inc., a wholly owned subsidiary of EGPI Firecreek, will be actively involved in the joint effort with RCI to acquire the attractive proved producing Romanian fields. "This alliance with RCI will be of enormous value to our program," stated John R. Taylor, President of Firecreek. "Mr. Ciocanelea is a highly respected petroleum professional that brings to the venture decades of international experience and talent. He brings with him from his years at PETROM, the knowledge and talent that developed impressive production operations in numerous countries in the region. I eagerly look forward to the joint effort."
EGPI Firecreek Inc. through its Firecreek unit is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. Other companies in the oil sector include Marathon Oil Inc. (MRO), Pantina Oil and Gas Inc. (POG), Frontier Oil Inc. (FTO) and Cabot Oil and Gas Inc. (COG).
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