HOUSTON, Dec. 8 /PRNewswire-FirstCall/ -- Southern Star Energy Inc.
(OTC Bulletin Board: SSEY; 'Southern Star' or the 'Company') announces the
appointment of Michael O. Aldridge to the Company's Board of Directors,
effective December 4, 2008. He joins the Southern Star Board with more than
28 years of financial management experience with various companies. Mr.
Aldridge was most recently the Executive Vice President of NYSE-listed
PetroQuest Energy, where he also served as Chief Financial Officer, Treasurer
and a member of the Board of Directors. From 1992 to 1999, he was a Vice
President of NYSE-listed Ocean Energy. His previous experience also includes
11 years with Ernst & Young. Mr. Aldridge earned a Bachelor of Science Degree
in Accounting from Louisiana State University in 1980, and is a Certified
Public Accountant.
David Gibbs, Southern Star's President and Chief Executive Officer, said:
'Mike is an important addition to Southern Star. He brings extensive
financial and industry experience to our Board, which will prove invaluable as
we continue to grow the Company. He is well known in the industry and will
provide seasoned Board-level oversight based on his financial and capital
formation experience in the oil and gas business.'
About Southern Star Energy.
The Company's strategy is to acquire under-drilled oil and natural gas
leases with significant proven development drilling opportunities, and use all
available technologies to increase the valuation of the acquired assets. This
strategy reduces the Company's risk, allowing the Company to build free cash
flow for strategic acquisitions. The Company owns a 40% working interest and
operates in approximately 5,400 leasehold acres in the Sentell Field, located
in the heart of the known Cotton Valley trend north of Shreveport, Louisiana.
To date, the Company has drilled eight successful tests of the Cotton Valley
Sands, the first five of which are connected to the market and producing
revenues. Shareholders and prospective investors and analysts are encouraged
to visit the Company's website: http://www.ssenergyinc.com to learn more about
the Company and the Cotton Valley Trend.
Cautionary Statements to Shareholders
Except for historical information contained herein, the statements in this
Press Release are forward-looking statements that are made pursuant to the
safe harbor provisions in the Private Securities Legislation Reform Act of
1995. Forward-looking statements involve known and unknown risks and
uncertainties, which may cause Southern Star Energy's actual results in future
periods to differ materially from forecasted results. These risks and
uncertainties include, among other things: volatility of natural resource
prices; product demand; market competition, risks inherent in Southern Star
Energy's operations, the effect Mr. Aldridge will have on the Board and on the
Company's growth and the quality of Board-level oversight Mr. Aldridge will
provide to the Company. Often, but not always, forward-looking statements can
be identified by the use of words (1) such as 'prove' and 'provide' including
variations and negative variations of such words or (2) that state that
certain actions, events or results 'will' be taken, occur or be achieved.
Southern Star makes no obligation to update publicly or revise any forward-
looking statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable laws or
regulatory policies.
SOURCE Southern Star Energy Inc.
