Dynamic Natural Resources Inc. reported that, in conjunction with the investment banker Wilshire Capital Group, Inc. of Dallas, it has completed a key strategic review, support from which will assist the company to rapidly expand over the next months following a defined path enabled by funding of its investment banking needs. Wilshire Capital Group will assist Dynamic in completing a program of sustained stair stepping growth, acquisitions and organic capitalization.
Dynamic also announced that in working with Wilshire Capital Group, Mr. Bruce Scambler has been elected President of the company and new board member. Mr Scambler started with KPMG in 1980 and is a CPA, with over 30 years of business experience, of which over ten years has been working in the Mid Continent oil and gas industry. Mr Scambler has been an officer and director of public companies in the United States and the United Kingdom including Chief Financial Officer of Cotton Valley Resources and Aspen Energy. Mr Scambler has a proven track record of successful financing, restructuring, and value added growth in companies he has managed. His management has included prospect and company acquisitions, mergers and realizations. The added experience of hands on field operations, drilling, well work-overs, and production enhancement has proven multiples of success. Bruce received a degree in law from Bristol University, Bristol, England, and a MBA from Strathclyde Graduate Business School in Glasgow, Scotland. Bruce served as a pilot officer in the Royal Air Force. Bruce is a recognized speaker on COPAS/taxation and other oil and gas taxation matters. His community involvement includes working as a Court Appointed Special Advocate (CASA), Board Member Court Appointed Special Advocates, and is a Lay Reader with All Souls Episcopal Church.
Mr. Scambler said, "I look forward to working through the exciting drilling and development opportunities we will be able to announce shortly. These prospects, together with a sufficient supply of low cost reworks for the next years have been historically undervalued. We will continue to focus on a diverse series of prospects to bring heartland oil and gas assets to the market. Our new expanding management team will help us quickly widen our geographic scope to a larger mid-continent span. Dynamic has prospects and location development opportunities which will become much more appreciated in the next year."
Scott R. Masse, CEO states, "As we start 2008, Dynamic is entering into a new phase of development, which entails broadening our management team to facilitate corporate growth. Mr. Scambler's knowledge, expertise, experience and contacts will be a great addition to our team. Dynamic is pleased that our new partnership with Wilshire Capital has helped us to obtain Bruce. We look forward to announcing other additions to our team in the weeks to come."
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