With development plans for the expansion and improvement of its oil and gas fields in Texas and its coalbed methane properties in Kansas substantially complete, Mr Fall and the Heartland board negotiated terms for his departure.
Kamal Abdallah, chairman of Heartland Oil and Gas, said: Since the focus of Heartland’s efforts from this point forward will be in the fields, it was decided that the executive staff of the home office was no longer necessary. We will now direct the execution of the development plans through Universal Property Development and Acquisition’s Aztec Well Service subsidiary.
This will result in a significant reduction of costs and the elimination of bureaucratic delays. We have great confidence that Aztec’s field personnel can accomplish our objectives with great efficiency.
