Apollo Drilling has appointed new officers and directors to the Company. The new Chairman of the Board of Directors is Mr. Clark Boyles, and the new Chief Executive Officer is Mr. Patrick Berry, who will also serve as the Company's Chief Financial Officer.

"We are excited about the new future of this company,'' said Mr. Berry. "Over the next several days we will be focused on defining the new direction for the Company, which will remain in the oil and gas production sector.''

Patrick G. Berry has over 30 years experience in financial and executive management positions, primarily within the oil and natural gas industry. He began his career as a CPA with KPMG, an international CPA firm, and from 1974 to 1987 was the managing partner of Berry Smith Duke & Co., a 25 person Dallas CPA firm. Mr. Berry has concentrated his practice in the accounting and tax areas of the petroleum industry and has worked with numerous exploration and production companies.

Mr. Berry's activities have included management organization, financial structuring, Private Placement Memorandum preparation, investor fund raising, management of oil and gas drilling JVs, re-entry JVs, drilling rig JVs, and royalty and lease bank JVs. He is experienced in numerous oil and gas accounting programs for joint interest billings (JIBs) and revenue distribution and has extensive joint venture tax return preparation experience. He has written and presented white paper reports to geology classes on Evaluation of a Drilling Project - Guidelines for an Individual Investor, and prepared and conducted continuing education classes for CPAs on the oil and gas business, most recently an all day seminar for CPA's on the Barnett Shale (Texas) play. He has invested in and owned and managed numerous oil and gas working interests directly and though partnerships he has organized.

Clark H. Boyles currently serves as Chief Operating Officer and as a Director for Bedford Energy, Inc., an oil and gas exploration and production company based in Oklahoma City. For the past 20 years Mr. Boyles has directed the activities of numerous partnerships and corporations as Chief Executive Officer or General Managing Partner. He is particularly involved in acquisitions, logistics, trucking, expansion and development of various projects, real estate and purchase of various trucking companies. Mr. Boyles is a consultant to numerous entities where he provides expertise in goal setting, strategic planning, business strategy, logistics, transportation, supply chain management, financial and corporate management and international trade and a special emphasis on turn-around management.

Tags: Apollo Drilling, Inc.