EPiC Wins Consulting Contracts, Expands Business Development Team

EPiC Energy Resources announced that The Carnrite Group (Carnrite), a wholly owned subsidiary of EPiC, has recently received two significant contracts with a multi-national Exploration and Production company.

Carnrite has been contracted to do an initial assessment for one of the company's international assets to determine options for optimizing execution of their long term business plan, given the lifecycle of the client's assets, contract complexities and country requirements. Separately, Carnrite also has been awarded a contract with the company's U.S. Midstream organization to improve core business processes; including clarifying the associated roles and responsibilities, and better leveraging integrated enterprise tools. Both projects will be completed within the current fiscal year.

Additionally, EPiC has recently expanded its Business Development team to focus on U.S. domestic and international market opportunities. EPiC is pleased to announce the addition of three Senior Business Developers: Mr. Mike Kraft, based in Denver, Colorado, and Mr. Dean Gheewalla and Mr. Donald Hicks, based in Houston, Texas. Mr. Gheewalla brings to EPiC established client relationships in the U.S. and the Middle East and is fluent in English, Hindi and Arabic. Mr. Hicks has a 30 year successful energy track record in the U.S. and international upstream, midstream, and power generation sectors. Mr. Kraft, formally Director of Projects at EPiC's Engineering and Construction subsidiary Pearl, also brings extensive U.S. domestic and international experience to the team.

EPiC's CEO, John Ippolito, stated, "As we continue to aggressively improve our cost structure and risk management we are purposely strengthening our team with experienced, high energy, Senior Business Developers to leverage and expand our bases of business in the U.S., the Middle East and other international markets. The benefits to the EPiC organization have been immediate as we are already experiencing new client engagements that have energized the entire company."