PostRock Energy Corporation has appointed a new director. Simultaneously, it had engaged Evercore Group L.L.C. to help explore strategic alternatives.
Alexander P. Lynch, a partner of White Deer Energy, was added to the Board on February 6th, increasing the Board to seven members. Mr. Lynch has nearly 40 years of experience in finance and investment banking. Prior to joining White Deer, he served as Global Chairman - Investment Banking for J.P. Morgan. He has served on the boards of a number of NYSE-listed public companies, including Patina Oil & Gas Corporation and Range Resources Corporation.
Given the challenges created by current oil and gas prices, the Company decided it was prudent to enlist an outside advisor to assist the Board in evaluating strategic alternatives.