Treaty Energy Elects New President
Treaty Energy Corporation announced that Andrew Reid has been elected President, Chief Operating Officer, and a Director of the Company effective immediately.
Andrew Reid has more than 20 years of corporate finance and management experience. In 2006, Mr. Reid started NOLA Commercial Finance, a commercial finance company. During the past 4 years he has focused on helping small regional Oil & Gas companies with debt and equity funding. He has helped fund in excess of $50 million for various types of income producing properties.
In 1998 Mr. Reid started his own investment firm where he focused on the Oil & Gas Industry. In 2004 he sold the business to spend more time with family, but continued to do consulting work.
Mr. Reid grew up in the Houston, Texas and went on to attend St. Edwards University and the University of Texas in Austin. After college, he joined the GMS Group LLC in Houston, a small boutique investment firm his father helped found. There Mr. Reid specialized in municipal and corporate debt finance, mergers, and restructurings.
Randall Newton, Chairman and CEO of Treaty Energy Corporation, stated, "I am very pleased that Andrew Reid has agreed to join our company as President, COO and a Director. Andrew has a strong understanding of the financial side of this business and a fundamental understanding of the Oil & Gas sector that the future of Treaty Energy is totally focused on."
Mr. Newton stated further, "As Treaty Energy grows, Andrew's skills in financing and managing growth will be major contributors to our success as an emerging player in the energy industry."