DALLAS, TX – Red Mountain Resources, Inc. (“RMR” or “Red Mountain”) (OTC QB: RDMP), a growth oriented energy company engaged in the acquisition, development, and exploration of oil and natural gas properties, appointed Frank Yates, Jr. to its Board of Directors, effective immediately.
Mr. Yates, age 58, has been Manager of Yates Industries, LLC, a single member investment company, since 1999 and has served as Chairman of the Board of Taos Resources, a Houston-based oil and gas exploration and production company, since June 2013. From 1992 to 2007 he served as Vice President and in 2007 and 2008 as President of Yates Petroleum Corporation, an independent oil and gas exploration and production company producing over 50,000 barrels of oil equivalent per day. From 1986 to September 2009 he served as President of MYCO Industries, Inc., associated with Yates Petroleum Corp in the oil and gas industry.
Alan Barksdale, President and CEO of RMR, stated, “We are honored and delighted to have Frank join the RMR Board. He brings a unique skill set of business acumen, operations knowledge, technical expertise and an extensive network. We are excited to have Frank in this leadership position and look forward to working with him as we pursue our growth strategy.”