Sun River Energy, Inc. Announces Additions to Its Staff and Advisors

Wed Oct 21, 2009 11:35am EDT
 
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WHEAT RIDGE, Colo., Oct. 21 /PRNewswire-FirstCall/ -- Sun River Energy, Inc.
(OTC Bulletin Board: SNRV) is pleased to announce the addition of three
outstanding members to its nascent management team.  With these additions, the
company is taking a significant step forward along its plan to become a major
player in oil and gas exploration and production in the Rockies.  The
company's plan hinges on developing business assets through successful
exploration, rather than production purchases.  "Typically, the only upside in
purchasing an existing field occurs if prices rise faster than the seller
thinks they will, or if the buyer has significantly better operational costs. 
In both cases, gains tend to be marginal compared to being the company in
control of a major new discovery" according to Mr. Jay Leaver, President of
Sun River. 


Sun River is pleased to announce that the Board of Directors have appointed
Joe Kelloff as COO of Sun River Energy, Inc. Joe Kelloff is highly experienced
in drilling and production in the oil and gas industry with extensive
experience in Rocky Mountain exploration and production.


In May 1994, Mr. Kelloff received his Bachelor of Science in Petroleum
Engineering from the Colorado School of Mines. He has been a member of the
Society of Petroleum Engineers since 1992 and has been a member of CM
Production, LLC's Board of Advisors since 2008.


From 1994 to 2000, Mr. Kelloff held several positions with Mobile Exploration
and Producing U.S., Inc. where from 1994 to 1997, he worked as a Production
Engineer and from 1996 to 1997 he worked as a Business Analyst. In addition,
while with Mobile Exploration and Producing, U.S., from 1997 to 1999, he
worked as a Production Engineer, and from 1999 to 2000, he was an
Operations/Surveillance Engineer.


In 2000 till 2003 Mr. Kelloff worked as an Operations Engineer for Merit
Energy Company. He was a District Engineer for Patina Oil and Gas Corporation
from 2002 to 2005. From 2005 to 2006, he was a Manager - E&P Planning at Hess
Corporation. He was a Director of Western Production at Petroleum Development
Corporation from 2006 to 2008.


Mr. Kelloff, as COO, will coordinate with the Company's President, Mr. Jay
Leaver, the exploration of both of Sun River's existing prospects as well as
seeking new projects in the Rocky Mountain Region.  Mr. Leaver said, "I am
excited by this addition to Sun River's staff.  Mr. Kelloff's experience and
skills will be invaluable to Sun River's burgeoning exploration and
development arm." 


Sun River also announces that Mr. Jim Sullivan, a member of the Advisory Board
of Sun River, has been appointed Vice President of Land Management and will
coordinate acquisition/leasing of mineral prospects and acquisition
negotiations.  Mr. Leaver stated that "Mr. Sullivan has wide experience in the
Rockies and Midwest in mineral land acquisition and management.  In addition,
he has valuable skills as a negotiator that will be a critical asset to the
company."


Mr. Sullivan has over 35 years of experience in all phases of oil and gas land
work, which has included both domestic and offshore projects.  He began
providing independent land brokerage services in 1978 and currently owns
Energy West Corporation.  Since beginning his career, he has represented
and/or collaborated with over 200 different clients and partners in various
facets of land and exploration work. These relationships have culminated in
leasing over 5 million acres of leasehold interest.  Mr. Sullivan has also
consulted for banking institutions and investment banking firms, acted as an
expert witness in the area of petroleum land work and performed non-producing
acreage evaluations.


Sun River also announces that Mr. Erwin Single has been appointed to the
Advisory Board of Sun River. Mr. Leaver stated, "Mr. Single has over 50 years
of Rockies exploration and development experience as a professional geologist
and will provide tremendous depth to Sun River's management as it expands its
exploration in the Rockies.  In addition, his long experience in business
evaluation will help us navigate the array of plentiful opportunities
available in today's market."


Mr. Single was employed 15 years with Shell Oil Company, advancing in
technical and management capacities to the level of Division Geologist where
he was responsible for all geological activities in the Rocky Mountain Region
with a staff of 50 people.  Since leaving Shell, Mr. Single has been a
founder, director and Executive Vice President of Exploration and Production
for two independent oil companies.  During his career, Mr. Single was
responsible for all phases of operational activity related to exploration and
production.  This included the management, planning, and coordination of
geology, geophysics, engineering, lease acquisition, exploration and
development drilling, well evaluation and completion, and production
operations.  He coordinated drilling operations for over 400 wells, supervised
some 35 production personnel, including production engineers, drilling
superintendents, field supervisors and pumpers.  


As an explorationist, Mr. Single has been responsible for the development of
successful exploration programs and the drilling of over 550 wells with a
greater than 55% success ratio.  He has been directly involved in the
discovery and development of oil and natural gas in fields located in
California, Colorado, Illinois, Kansas, Louisiana, Montana, New Mexico, North
Dakota, Ohio, Oklahoma, Texas and Wyoming.  He has also had natural gas
discoveries in Colorado, Ohio, Texas and Wyoming, and been involved in the
drilling of some 100 gas wells 
with reserves of over 200 billion cubic feet of gas.


Mr. Leaver is pleased to welcome these additions to the Sun River team.  "With
Mr. Kelloff heading up our drilling and development efforts, Mr. Sullivan
managing our Land team, and Mr. Single providing key experienced insight into
business and geology, Sun River is poised to take the stage as a dynamic
contender in oil and gas exploration and development."


Notice Regarding Forward-Looking Statements


This news release contains "forward-looking statement," as that term is
defined in Section 27A of the United States Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Statements in this press release
which are not purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions regarding the
future. Such forward-looking statements include, among other things, the
development, costs and results of our exploration program at our energy
properties and any anticipated future production. Actual results could differ
from those projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent uncertainties
associated with petroleum exploration and development stage exploration
companies. These forward-looking statements are made as of the date of this
news release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from
those projected in the forward-looking statements. Although we believe that
the beliefs, plans, expectations and intentions contained in the press release
are reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. 




SOURCE  Sun River Energy, Inc.

Jay Leaver, +1-303-810-4879, for Sun River Energy, Inc.

 

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