Roger Abel, Chairman and Chief Executive of the Company, stated "With so many changes for the Company since last year - new projects, new board, new management - a name change will focus everyone on the tasks ahead. With a constellation as our inspiration in naming the company, we will strive to stand apart from the many other exploration and production companies."
Headquartered in Houston, Texas, Cygnus Oil and Gas Corporation. is an oil and gas exploration and production company. Primarily a resource player, its key assets consist of shale acreage in Woodruff County, Arkansas and McIntosh County, Oklahoma, and it also owns a variety of producing and non-producing oil and gas assets in Texas, Alabama, Louisiana, Mississippi, and New Zealand. Since August 2005, the Company has made significant changes in its management, Board of Directors and the nature of oil and gas assets it acquires to better equip itself for future company growth.
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