Gold Point Energy Corp. reported today that it has appointed Dr. John Buggenhagen as Vice President of Exploration - Europe.
John Buggenhagen, Ph.D., is an exploration geophysicist with 14 years of experience developing exploration opportunities in more than twenty countries around the world with a strong focus on Europe. Most recently Dr. Buggenhagen worked as the Exploration Manager in Europe for Denver-based Aspect Energy, LLC. Dr. Buggenhagen was a major contributor in building the highly successful Aspect subsidiary, Hungarian Horizon Energy, which has emerged as a leading exploration company in Central Europe. Prior to joining Aspect, he worked as an exploration geophysicist for ConocoPhillips Alaska (formerly ARCO Alaska) on numerous exploration projects across the North Slope of Alaska including the newly reopened National Petroleum Reserve. Dr. Buggenhagen has spent his career working as a technical geophysicist and exploration manager focused on executing prospect generation and development through drilling operations. His extensive experience includes international negotiations and government relations. Dr. Buggenhagen received his Ph.D. degree in geophysics from the University of Wyoming, his M.S. degree in geophysics from the University of Wyoming, and his B.S. degree in geophysics from the University of Arizona.
"We are extremely pleased to have a person with the experience and track record of Dr. Buggenhagen join the Gold Point Energy team. We have asked him to lead an effort to establish a portfolio of high quality gas and oil exploration opportunities in Central Europe for GPE. His initial emphasis will be managing our existing farm-in opportunities in Poland and Bulgaria, as well as developing ground-floor exploration opportunities in Poland." Jack S. Steinhauser, President.
The Company also announced that it has entered into an agreement with the Polish Geologic Institute (PGI) to provide geologic and geophysical consulting services in support of Dr. Buggenhagen's exploration efforts in Poland. PGI is the largest geological scientific and research institution in Poland, and has multi-disciplinary scientific capabilities. Dr. Piotr Krzywiec, head of the Department of Geophysics at PGI, is the team leader for the project.
In conjunction with its exploration efforts in Poland, Gold Point Energy has entered into a consulting agreement with Dr. Witold Weil to serve as an advisor for GPE in Poland. Dr. Weil is a former Vice President of PGNiG S.A., the Polish national oil company, and has a wealth of experience exploring for oil and gas in Poland. In addition, Dr. Weil's contacts in Poland and throughout the region will serve to expand Gold Point Energy's exploration focus in the region.
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