Doral Energy Corp.
OTC Bulletin Board : DEGY

Doral Energy Corp.

February 18, 2009 09:14 ET

Doral Energy Promotes Marty Bloodworth to Vice President of Operations

MIDLAND, TEXAS--(Marketwire - Feb. 18, 2009) - Doral Energy Corp. (OTCBB:DEGY) ("Doral" or "the Company"), an oil and gas production and exploitation company, today announced that it has promoted Clifton M. (Marty) Bloodworth to the position of Vice President of Operations. Mr. Bloodworth was previously Operations Manager of Doral's Eddy County, New Mexico Properties. In his new position, he will be responsible for overseeing the day to day operations and management of all Doral field personnel in New Mexico and Texas.

Mr. Bloodworth has more than 31 years of experience in positions of increasing responsibility in the petroleum industry. His background includes management and direct supervision of technical and field personnel and operations; production engineering; drilling engineering; secondary and tertiary recovery programs and techniques; San Andres water flood operations in West Texas and Southeast New Mexico; field production optimization; and evaluation of mergers and acquisitions.

Mr. Bloodworth previously served as Senior Operations Engineer for Concho Oil and Gas (NYSE:CXO); as Senior Production Engineer for Bass Enterprises Production Company; as Operations Manager for SPI Operations LLC; as Area Supervisor and Joint Interest Manager of Southwest Royalties Inc., now part of Clayton Williams Energy (NASDAQ:CWEI); as Operations Engineer for Cross Timbers Operating Company, now XTO (NYSE:XTO); and as District Manager and District Engineer for Damson Oil Corporation. Mr. Bloodworth began his career with Mobil Oil Corp. after receiving his Bachelor of Science in Petroleum Engineering from Texas Tech University. He is a licensed Professional Engineer in the state of Texas and a member of the Society of Petroleum Engineers.

Doral also announced that it has appointed Alfred Perry as Area Manager for its West Texas and Southeastern New Mexico petroleum assets. Mr. Perry has over 31 years of oilfield experience, most recently as Senior Foreman with Clayton Williams Energy (NASDAQ:CWEI). In this role Mr. Perry was responsible for overseeing production, drilling, and completion field operations in the Permian Basin and eastern shelf areas of West Texas and Southeast New Mexico. In addition, he oversaw operations in more than 18 fields spread over an area ranging from Southeast New Mexico to the Levelland and Slaughter Field area in the Texas panhandle, to the central and southern areas of the Permian Basin. Earlier in his career, Mr. Perry worked in field operations for Getty Oil and Texaco.

About Doral Energy Corp.

Doral Energy Corp. (OTCBB:DEGY) is an emerging oil and gas exploitation company headquartered in Midland, Texas. Doral Energy Corp.'s strategy is to grow a portfolio of under-developed production and exploitation assets with the potential for infill drilling - generating both near-term increases in existing production through operational improvements, and longer-term development of proved undeveloped reserves. Doral focuses on identifying acquisitions that generate immediate cash flow from production, but which also have proved developed non-producing and proved undeveloped reserves that can be developed for significant growth. The prolific Permian Basin of Texas and New Mexico is a geographic region of particular interest for the Company's future acquisition activity. Doral's first producing assets are in Eddy County, New Mexico in the northwestern part of the Permian Basin, and are currently producing 135 barrels of oil equivalent (BOE) per day and have 6.1 million BOE in proved reserves.

Shareholders and investors are encouraged to visit Doral Energy's website at www.DoralEnergy.com for more information.

On behalf of DORAL ENERGY CORP.

Everett Willard ("Will") Gray, II, Chief Executive Officer

Legal Notice Regarding Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, breach by parties with whom the Company has contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company's filings with the US Securities and Exchange Commission.

Contact Information

  • Doral Energy Corp.
    Everett Willard ("Will") Gray, II
    Chief Executive Officer
    (432) 789-1180
    Website: www.DoralEnergy.com