SOURCE: Arabella Exploration, Inc.

Arabella Exploration, Inc.

February 06, 2014 07:30 ET

Arabella Exploration Adds Two Independent Board Members

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.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded or followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company.

The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community.

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