Enhanced Oil Resources appoints Powers as CFO

Enhanced Oil Resources Inc. (TSX: EOR) has appointed Rick D. Powers as the company's vice president, CFO, and treasurer. Powers replaces W. Kyle Willis, who has elected to retire.

Powers brings to the company more than 30 years of experience in both public accounting and the energy industry, serving in numerous roles including financial management, auditing, accounting, and mergers and acquisitions (M&A). From 1997 to 2007, he was a national energy practice audit partner at UHY LLP's Houston office, where he provided due diligence, M&A advisory, and public offering guidance to private and public clients, including clients listed on the London and Canadian stock exchanges. His private company experience includes serving as the principal financial officer for an exploration and production company and an oilfield service manufacturer.

Powers is a certified public accountant and member of the Texas Society of CPAs and the American Institute of CPAs. He holds a Bachelor of Business Administration degree in accounting from Texas Tech University.

Enhanced Oil Resources owns and operates the Milnesand  and Chavaroo oil fields in New Mexico.

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