PLANO, TX, March 21, 2013 /CNW/ - Santa Fe Petroleum, Inc. (the "Santa
Fe") (OTCBB: SFPI) announced today Charles K. Dargan II as the
Company's Chief Financial Advisor to consult with management in
relation to the Companies new growth opportunities.
"We are privileged to have such a wealth of experience and expertise to
augment our current team," said Tom Griffin, CEO and Chairman of the
Board of Santa Fe Petroleum, Inc. "I am pleased to welcome Charles on
behalf of Santa Fe Petroleum, Inc., and I am certain he will contribute
significantly towards the Company executing on its growth strategy."
Santa Fe Petroleum, Inc. recently announced plans to continue to develop
and implement its plan towards production. The Company also announced
recently that it anticipates continuing its research and identifying
opportunities to acquire a potential additional 10,000-20,000 acres in
the area adjacent to the Company's test well.
"I am honored to serve as the Chief Financial Advisor of Santa Fe
Petroleum, Inc.," said Dargan. "I look forward to continuing to work
closely with the board and the leadership team to successfully execute
our growth strategy by capitalizing on a great opportunity to enter
into production and to expand further into the exploration and
production business over the long term."
Charles K. Dargan II is the founder and Chief Executive Officer of CFO
911 Corporation, an organization of senior executives that provides
sophisticated accounting, finance and operational expertise to both
public and private companies who are at strategic inflection points of
their development and helps them effectively transition from one
business stage to another. CFO 911 professionals have amassed a unique
depth and breadth of operational and financial experience developed by
having worked as Presidents, COOs and CFOs of Fortune 500 firms,
micro-cap publicly traded companies, private emerging growth companies
and not-for-profit organizations.
One of the CFO 911 industry specialties is in the broadly defined energy
industry which includes traditional oil and gas companies in
exploration and development, transportation, specialty services and
refining as well as alternative or "Green" energy with an emphasis on
Mr. Dargan has also served as the Chief Financial Officer and Chief
Operating Officer of both public and private companies including
Semotus Solutions, Inc., a wireless mobility software company and
BioLargo, Inc. a disinfectant and sterilization company. Mr. Dargan
served as a director of Banks.com, Inc., 411 Web Directory, Inc.,
SingleTree Resources LLC and Anchor Audio, Inc. Further, Mr. Dargan
began his finance career in investment banking with Drexel Burnham
Lambert and later became Managing Director of two regional firms,
including Houlihan Lokey Howard & Zukin, where he was responsible for
the management of the private placement activities of the firm. Mr.
Dargan received his B.A. degree in Government from Dartmouth College,
his M.B.A. degree and M.S.B.A. degree in Finance from the University of
Southern California. Mr. Dargan is a CPA and CFA and is licensed as a
general principal and a financial and operations principal in the
About Santa Fe Petroleum Inc.
Santa Fe Petroleum, Inc. is an exploration stage oil and gas company
with leases to over 1,700 acres of property located in the Barnett and
Marble Falls oil segment of North Central Texas. Management has over 50
years of combined oil and gas development and production experience and
plans to bring its current leases into production while also
undertaking a lease acquisition campaign in the surrounding areas. For
more information on Santa Fe, please visit www.sfpetroleum.com.
This news release does not constitute an offer to sell or a solicitation
of an offer to buy securities in any jurisdiction.
Safe Harbor: This release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Statements contained in this release that are not historical facts may
be deemed to be forward-looking statements. Investors are cautioned
that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected or
suggested herein due to certain risks and uncertainties including,
without limitation, ability to obtain financing and regulatory and
shareholder approvals for anticipated actions.
SOURCE: Santa Fe Petroleum, Inc.