Recovery Energy, Inc., an independent energy company focused on the acquisition and development of undercapitalized and neglected onshore oil and gas fields located in the United States, recently announced the appointment of Jim Miller to the company’s Board of Directors. Mr. Miller’s appointment became effective on November 16, 2009 and he serves as an independent director for Recovery Energy.
Mr. Miller began his career with a billion dollar holding company that focused on distressed situations, natural resources and energy opportunities. He is also a co-founder and managing director of FirstCity Crestone, LLC, an investment company with a focus on investing activities within the energy, mining, retail and transportation industries, where he heads up the company’s acquisition and business development initiatives. Prior to his position at FirstCity Crestone, Mr. Miller served as the director of originations for two distressed investment funds.
Jeffrey Beunier, Recovery Energy’s chief executive officer, stated, “Jim’s addition to our board brings depth and experience to the company, with more than 10 years of expertise acquiring distressed assets and companies in the energy sector. His addition helps provide Recovery Energy with a significant advantage in locating, analyzing, acquiring, and operating undervalued assets.”