Arabella Exploration, an oil and natural gas company, has added George Prescott Bush and Malachi O. Boyuls to its board of directors. Both Bush and Boyuls are partners at St. Augustine Capital Partners.
MIDLAND, TX–(Marketwired – February 06, 2014) – Arabella Exploration, Inc. (OTCQB: LOKKF) (OTCQB: LOKWF) (“Arabella” or “the Company”), today announced that its Board of Directors appointed George Prescott Bush and Malachi O. Boyuls to the board. The two additions bring the total number of directors to six, of which five are independent directors.
Mr. Bush is a partner at St. Augustine Capital Partners, LLC, a Fort Worth-based investment firm focused on oil and gas transactions and consulting for private businesses. Mr. Bush has extensive legal and business experience and previously co-founded Pennybacker Capital LLC, a real estate private equity firm, worked at Akin Gump Strauss Hauer & Feld LLP as a corporate attorney and clerked for U.S. District Judge Sidney Allen Fitzwater.
Mr. Boyuls is also partner at St. Augustine Capital Partners, LLC. Mr. Boyuls has extensive legal and regulatory experience through his employment as General Counsel for Thomas Title & Escrow and as an attorney at Gibson, Dunn, & Crutcher, LLP. He clerked for the 10th Circuit Court of Appeals and the U.S. District Court for the Northern District of Texas.
“We welcome George and Malachi to our board,” said Jason Hoisager, Chief Executive Officer of Arabella. “Their valuable experience and insights in political, finance and regulatory matters will be complementary to the industry and finance expertise we already have on our board. I look forward to working hand-in-hand the rest of our executive team and our outstanding board of directors to execute the exciting growth strategy we have at Arabella.”
About Lone Oak Acquisition Corporation
Arabella Exploration is an independent oil and natural gas company focused on the acquisition, development and exploration of unconventional, long life, onshore oil and natural gas reserves in the Southern Delaware Basin in West Texas. Arabella has an experienced management team with experience drilling multi-lateral wells and is primarily focused on the formations that the industry refers to as the Wolfbone play, which includes the Wolfcamp and Bone Spring shales. The Wolfbone play is characterized by high oil content and liquids rich natural gas, multiple vertical and horizontal target horizons, extensive production history, long-lived reserves and high drilling success rates.