Tekoil Appoints Vosbein EVP
Tekoil & Gas Corp. has named Michael Vosbein the company's new Executive Vice President, effective June 1, 2007. He succeeds Eric Ottens, who will be taking an early retirement on July 1, 2007, due to personal health reasons.
Vosbein is a highly experienced geophysicist/geoscientist of 36 years, who has multi-tasked in performing both technical and managerial roles in numerous countries across the world.
In 1971 Vosbein joined Amoco and helped develop their Louisiana Offshore exploratory acreage as well as their Michigan Basin Program and New Mexico Morrow Play. In 1973 he joined Trans Ocean Oil Company, and in 1981 when they were acquired by Mobil Oil, Vosbein was recruited by Pan Canadian for E&P operations in Texas, Louisiana, and Mississippi, including offshore.
In 1989 Vosbein co-founded Aran Energy Corporation. The company was a producing operator in the Gulf of Mexico and the Gulf Coast. Vosbein was instrumental in successfully completing a horizontal drilling program in the offshore, which consisted of 5 wells in unconsolidated sediment and he also implemented an exclusive 3D seismic program to enhance the producing properties. The Company was sold to Statoil, and in 1995 through 1996 Vosbein was employed by Global Marine Corporation for new projects and evaluated and negotiated their participation in projects in Angola, Benin and Nigeria.
In 1996 Vosbein joined Halliburton in their Integrated Solutions group and had various duties in Jakarta and Kuala Lumpur, and in 1997 he managed Halliburton's technical assessment and development of 3 fields in South Sumatra. In 2001, Vosbein moved to Halliburton's Houston office and evaluated projects in Indonesia, Egypt, Algeria, Venezuela, Argentina, South Texas, Texas and Louisiana Gulf Coast.
In 2002 Vosbein began consulting, evaluating distressed companies on behalf of credit committees, for the purpose of debt repayment. This encompassed asset assessment, work station seismic and geological mapping, reservoir quantification, economics, and contract negotiations. For 4 years he worked on projects in the USA, UAE, Newfoundland, Colombia, Trinidad and Algeria.
In 2006 Vosbein moved to Gaffney-Cline, where during the past 18 months he has evaluated projects in Alaska, offshore Brazil, Colombia, Peru, and deepwater Gulf of Mexico.
Vosbein graduated in 1969 with a BSC in Geophysics/Geology from Louisiana State University. From 1969 to 1971 Vosbein attended the University of Missouri at Columbia for graduate studies. Vosbein is bilingual in English and Spanish and has minor fluency in Bahasa Indonesian. He is a member of the American Association of Petroleum Geologist, Houston Geological Society, Society of Exploration Geophysicist, and formerly sat on the LSUNO Advisory Board. Vosbein holds Texas State Geophysical License 5724 and AAPG DPA CPG 3361.
Mark Western, the Company's CEO, stated: "Michael is a unique individual who has traversed the globe in oil and gas exploration and development. He is especially suited to Tekoil because of his experience in pioneering the utilization of 3D seismic for development work, he is very familiar with our properties in Galveston Bay Texas, and he also has a unique knowledge and intimate understanding of the challenges we face with our exploration efforts in western Newfoundland."
Western went onto say: "Mr. Eric Ottens has been an extremely productive and loyal part of our executive team during the past two years, and he will be sorely missed. Everyone at Tekoil wishes him the very best during his retirement."
Houston-based Tekoil & Gas Corp. is a technology-driven company focused on the development, acquisition, stimulation, rehabilitation and asset improvement of small to medium-sized oil and gas fields.
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