Aspect Energy Names Lipari to Executive VP Post

Aspect Energy, LLC and Aspect Abundant Shale, LP have appointed Mr. Stephen A. Lipari as Executive Vice President of Aspect Energy, LLC, and President and Chief Operating Officer of Aspect Abundant Shale, LP effective July 12, 2007.

Mr. Lipari most recently served as Operations Manager, Fort Worth East Division at EOG Resources, Inc.

Mr. Alex Cranberg, Chairman of the Board of Aspect, stated, "The addition of Steve positions Aspect, and our shale partnership with First Reserve and Abundant, to play a leadership role in the burgeoning resource plays within the U.S. and other areas."

Mr. Lipari, who has over 23 years of industry experience, will succeed Paul Favret, current President of AASLP. Mr. Favret will take on the role of Chief Executive Officer, continuing to direct financial and business development activities.

Aspect Energy, LLC is a privately held independent oil and gas exploration and energy investment company established in 1996. Aspect and its affiliates are engaged in oil and gas exploration and development efforts throughout North, Central and South America, Central Europe and the Middle East.


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