Steve Stengell is President CEO, Chairman and the Founder of Encore Energy, Inc. and specializes in oil and natural gas lease acquisition, exploration and production in Kentucky. Mr. Stengell's current focus is the horizontal well development of the Berea Sandstone in Eastern Kentucky.
Mr. Stengell is the former President CEO of publicly traded E & P Company with 50+ employees. The company maintained audited financial statements, full material disclosure (highest rating from otcmarkets.com) to private and public investors and achieved a record stock price/volume with $27 million in annual revenue during Mr. Stengell’s tenure. Mr. Stengell served as an operator in both Texas and Oklahoma. Mr. Stengell is responsible for supervising horizontal discoveries in the Georgetown Buda (gas / liquids) and Woodbine Sand of Texas (oil) along with shallow oil and gas developments in northern Oklahoma. The Texas Woodbine horizontalWallrath #1H produced 58,000 BO in its first year and was later reportedly acquired by Halcon Resources. Mr. Stengell has extensive investor relations and SEC compliance experience for private and public investors. Mr. Stengell also has extensive experience in oil and lease acquisition, production acquisitions / divestitures of the Utica Shale play of Eastern Ohio. Encore has facilitated multiple transactions with major Utica Shale operator(s).
Mr. Stengell was the recipient of the Bowling Green "2010 Business of the Year" Community Impact Award and completed both the 2004 IPAA Harvard Executive Management Program and the 2006 Texas A & M Petroleum Engineering "Reserves and Valuation" Graduate Certificate Program. The Fall 2014Bakken Oil Report featured an article regarding Mr. Stengell and Encore Energy, Inc.The American Oil and Gas Reporter magazine has released a feature article about Encore Energy, Inc. and Steve Stengell's industry experience. Mr. Stengell participated as an expert speaker at the 2013 Utica Shale Congress in Columbus, Ohio and several other shale conferences in Houston, Texas and Columbus, Ohio regarding the development of the Utica and Marcellus shale plays. Mr. Stengell has served as both the “key note” speaker and chairman of these events.
Mr. Stengell holds a bachelor degree in Corporate Finance from the University of Kentucky Gatton College of Business and Economics (1995) and an MBA from Western Kentucky University Gordon Ford College of Business with a concentration in economics (2003).
Mr. Stengell resides in Bowling Green, Kentucky with his wife and two daughters, three and eleven years of age.
Joseph Hooper, Executive Vice President - Director
Joseph has worked in the securities industry for most of his adult life and holds FINRA Series 3,7,22 and 63 securities licenses resulting in diverse experience trading stocks, bonds, options and futures, raising capital for real estate mezzanine financing, oil and gas exploration, salt water disposal facilities and technology companies in medical I.T. and social media.
He has accessed private capital via sales of and participation in private placements, limited partnerships, direct participation programs and other investment related structures. Mr. Hooper has served as an independent contractor for various projects and consulted with both public and private companies regarding strategies to access capital, enhance investor returns and expand existing client bases. He regularly attends investment conferences in the U.S. and abroad and has served as a trusted advisor for high income / high net worth clients throughout his career. While with Source Capital Group, Inc., Mr. Hooper assisted in the development of a series of Opportunity Funds beginning in late 2008 and continuing at present.
Joseph holds a black belt in Karate studying the disciplines of Goju-Shorei. He is an expert in weapons and other hand-to-hand combat and teaches this art here in Bowling Green. At 59 years of age, he resides in Bowling Green with his wife and children.
Ms. Tabor is an integral part of Encore's business operations and provides support to management in all areas of accounting, legal, land, graphic design and prospect development. Ms. Tabor's involvement with the company's partnership revenue distribution, tax reporting, regulatory compliance and operations reporting is critical in providing transparency and a clear channel of communication to shareholders and investor partners. Ms. Tabor holds a bachelor degree of science in Industrial Technology with the Option in Graphic Communications and an associate degree in Technical Illustration from Western Kentucky University. She also graduated from Bowling Green Vo-Tech in CAD Drafting.
Encore's officers, directors and/or issuer agents each undergo an extensive criminal background, financial credit check, and are required to pass the FINRA Series 22 Direct Participation and Series 63 Uniform State Securities Agent Law exams and register pursuant to KRS 292.330
SEC Regulation D, Rule 506(c) - (Federal Exemption): Section 201(a) of the JOBS Act requires the SEC to eliminate the prohibition on using general solicitation under Rule 506 where all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that the purchasers are accredited investors, as defined by the SEC. Encore shall only make investment opportunities available only to SEC defined accredited investors who are sophisticated in making investment decisions and can afford the loss of their entire investment. Encore shall take reasonable steps to verify the accredited status of each prospective investor.
Assumptions, Disclaimer and Cautionary Statement: The information herein may contain forward-looking statements, and actual results may vary. Words such as "estimate", "will," "intend," "continue," "target," "expect," "achieve," "strategy," "future," "may," "goal," or other comparable words or phrases or the negative of those words, and other words of similar meaning indicate forward-looking statements and important factors which could affect actual results. Forward-looking statements are made based upon Management's current expectations and beliefs concerning future developments and their potential effects upon Encore Energy, Inc. Oil and gas investments involve a high degree of risk, uncertainty and are only suitable for qualified Accredited (SEC Definition) investors who are sophisticated in making business decisions and can bear the financial loss of their entire investment, while delivering a turnkey profit to the Company for proving the prospect development, lease acquisition, drilling, completion, engineering and ongoing production operations. The Company does not provide tax advice and investors should seek the advice of their tax professional. Any tax and/or other information herein is provided for illustration purposes only and may include estimates that are uncertain and subject to change. It is impossible to accurately forecast profitability, production, reserves, income, expenses and timelines for any project. No assurances can be made as it relates to reserves, production, income, profit, prices, timelines and/or other estimates. Actual production and results are beyond the control of management. In the event that commercial production is achieved, it may take many years for the investor to recoup his or her investment. The Company's lease acreage position under is subject to change and includes acreage under lease, Farmout agreement, verbal agreement, renewals, expired terms and any other prospective acreage in which the Company has communicated and/or negotiated with the landowner the leasing of oil and gas rights, now or in the future, and the lease / mineral owner has leased or communicated their intent to lease there mineral lease rights to the Company. It is important for qualified investors to acknowledge the fact that the US government provides them with tax savings (100% IDC tax deduction) to mitigate or at least off-set some of the financial risk associated with domestic oil and gas investments. This is not an offer to sell or buy a security. An offer shall only be made pursuant to SEC Regulation D, Rule 506(c) by a private placement offering memorandum, and this is not a private placement offering memorandum.