Best Energy Services Names Jim Carroll New CFO

Best Energy Services, Inc., a U.S. energy equipment and services provider, announced that industry veteran Jim Carroll, a member of the Company's Board of Directors, has been appointed as Executive Vice President and Chief Financial Officer.

"There is no question that Jim is the ideal choice for managing the financial affairs of our Company," stated Larry Hargrave, Chairman and CEO of Best Energy Services. "His proven expertise in providing executive leadership to both public and private companies, particularly those in the oil and gas sector, blends 30 years experience in senior management, finance and accounting, mergers and acquisitions, strategic planning and capital formation. We are very pleased to welcome him to our management team and expect that he will play a vital role in our Company's ongoing success."

After beginning his career in 1977 in the management consulting division of Ernst & Young, Carroll joined the Houston-based Hugh Roy Cullen family organization in 1980. The Cullen family has thrived in Texas for more than 80 years, primarily developing and producing oil and gas interests, and acquiring and developing real estate property. For his last seven years with the Cullen's, he served as the chief financial officer of Quintana Petroleum Corporation, the family's primary operating company which operated approximately 1,400 wells.

In 1995, he became President and CEO of Bright Hawk Resources, Inc., an oil and gas company he founded (and is still active) that subsequently purchased working and royalty interests in over 400 domestic wells and assembled a 650,000 acre frontier exploration block in Central America. In order to broaden his professional expertise, Carroll became the CFO of a start-up Internet/Media company in 2000.

After successfully leading this company through its first year of SEC reporting as a publicly traded company, during which it completed ten acquisitions, he co-founded Goldbridge Capital, LLC, a Houston-based investment banking and business advisory firm. Carroll graduated summa cum laude from Rice University where he earned a Bachelors degree in both Economics and Management and a Masters degree in Accounting. He also served as an Adjunct Assistant Professor for five years in the graduate business school at Rice in the early 1990's. He is a Certified Public Accountant and a Certified Management Accountant.


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