Bayou Bend Names Hoffman Finance Chief
Bayou Bend Petroleum Ltd. has named William D. Hoffman its Chief Financial Officer, effective April 1, 2007.
Hoffman has worked in the accounting profession since 1975 and holds extensive experience in the oil and gas industry. Based in New Orleans, he developed an impressive career with KPMG, including 10 years as a Partner working with a number of publicly held oil and gas companies as well as numerous private enterprises. During the past 14 years, Hoffman served as Vice President and Chief Financial Officer of C.F. Bean LLC, a dredging company which he led through significant growth including the formation of a joint venture partnership with Royal Boskalis Westminster nv, the world's largest dredging company. In addition, Hoffman served for several years on the Oil and Gas Accounting Conference Board, which addressed current issues impacting the industry from an accounting and financial disclosure viewpoint.
Clinton W. Coldren, President and CEO of Bayou Bend, commented, "We are very pleased to have Mr. Hoffman join our executive team. He brings exceptional financial and business development skills to the Company that will aid greatly in the growth of Bayou Bend."
Bayou Bend is an oil and gas exploration and production company with a focus in the Gulf of Mexico shallow water shelf area. The Company has lease interests in the State Waters of Louisiana near Marsh Island and own 100% interest in five Federal OCS blocks offshore Louisiana and Texas. The Company has an aggressive drilling program planned for 2007 including a minimum of seven exploration wells.
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