Saratoga Resources, Inc. announced that Michael Aldridge has submitted his resignation as Executive Vice President and Chief Financial Officer. The effective date of Mr. Aldridge's resignation is December 16, 2013.
Thomas Cooke, Chairman and Chief Executive Officer, stated, 'Mike notified us that he had received an offer to join a funded early stage venture and would be resigning to pursue that opportunity. With the recent addition of John Ebert as Vice President - Finance and Business Development, we have no present plans to fill the CFO position, but with Mike's assistance in the transition, we anticipate that our existing finance and accounting team will ably assume the functions of that position. We are sorry to see Mike leave and are appreciative of his services to Saratoga and in facilitating a seamless transition and wish him well in his new endeavor.'