Victory Energy Corporation reported that Mark W. Biggers has been appointed as the Company’s new Chief Financial Officer, effective January 10, 2012.

Robert J. Miranda, Victory Energy’s Chairman and Chief Executive Officer , stated, “I speak for the entire Board of Directors when I say that we are excited to welcome Mark to the Victory Energy team. He brings over 30 years of leadership, transformation and professional experience across a broad range of finance roles. Most of that experience was gained while working in the upstream oil and gas industry. Those capabilities will be leveraged as we look to aggressively raise capital and grow the Company in a profitable manner.”

Mr. Biggers has worked at Alvarez & Marsal (A&M), a business consulting and performance improvement firm, since 2005. Most recently Mr. Biggers was a Senior Director in the firm’s energy practice. Clients served at A&M included large public corporations as well as small to medium size companies owned by private equity firms. Between 2001 and 2005, Biggers held leadership positions with companies in the energy services industry, including the roles of Corporate Controller at Tesco Corporation, a NASDAQ-listed company, and Chief Financial Officer at CRC Evans Pipeline International Inc. Between 1979 and 2001, Mr. Biggers held a variety of finance and business development positions with Mobil Oil Corporation in the US as well as Jakarta, Indonesia and Abu Dhabi, United Arab Emirates. In his last position with Mobil Oil, he was the Assistant General Manager, Finance & Administration, for the Abu Dhabi Company for Onshore Oil Operations (ADCO). ADCO is an upstream E&P joint venture company that had maintained an onshore production capacity of over 1 million barrels of oil per day.

Biggers earned an MBA in Finance at the University of Hull (England) in 2001, a BBA degree in Accounting from the University of Texas at Austin, and is a member of the Petroleum Accountants Society of Houston.

Biggers commented, “I am very excited about the opportunity to join Victory at this stage. The leadership team has great chemistry, and our collective skills and capabilities are highly complementary. Our current opportunity pipeline for oil prospects is solid, and the Company’s industry relationships and enhanced internal capabilities will help keep it that way. I look forward to helping the Company grow its reserves, production and profitability.”

Tags: Victory Energy Corporation