CENTENNIAL, CO--(Marketwired - August 22, 2016) - PetroShare Corp. (PRHR) ("PetroShare" or the "Company"), a domestic energy company focused on oil and gas properties in the Wattenberg Field of the Denver Julesberg Basin (D-J Basin), has retained Jon B. Kruljac, who has 31 years of experience on Wall Street, for consulting and advisory services regarding its capital markets and investor outreach strategies.
Stephen J. Foley, Chief Executive Officer, commented, "As we continue to build out our presence in the D-J Basin the company is preparing for increased interaction with Wall Street investment banking firms and institutional investors. Having access to someone with Jon's background in the capital markets arena should prove valuable as we move forward in our corporate development."
Jon Kruljac has worked in the securities industry since 1985, and he has been focused on small-cap, Rocky Mountain based oil and gas companies since 1991, as an institutional salesman, investment banker, investor relations consultant and, most recently served as Vice President of Capital Markets and Investor Relations with Synergy Resources Corporation.
"I feel privileged to join the talented team at PetroShare and look forward to providing assistance during this period of such rapid corporate growth," said Kruljac. "I believe the Company is well positioned to provide shareholder value as it has established an initial footprint in the Wattenberg Field with quality acreage, it has a clean capital structure with a low level of debt, and management is focused on low overhead and low completed well costs."
"We are very pleased to bring Jon in to collaborate with the team at PetroShare and provide his significant knowledge and experience in accessing capital and increasing liquidity for emerging growth oil and gas companies," stated Bill Conrad, PetroShare's Chairman. "As a former founding director of Synergy Resources Corporation I witnessed Jon's capabilities firsthand as that company grew from a start up to over $1 billion in market capitalization, and I welcome his participation during this pivotal phase for PetroShare as we expand the scope of our operations."
About PetroShare Corp.
PetroShare Corp. is a domestic oil and natural gas exploration and development company that targets capital deployment opportunities in established unconventional resource plays. Its current focus is in the Niobrara/Codell formations and adjacent oil and gas producing zones in the Rocky Mountain region with specific targets in the Wattenberg field within the DJ Basin of northeast Colorado. For more information, visit www.PetroShareCorp.com