David Elliman Joins Advisory Board of Great Western Oil & Gas Company

DENVER, April 22, 2011 /PRNewswire/ — David Elliman, a founding principal and chief investment officer of the Elmrock Group of companies, has joined the board of advisors of Great Western Oil & Gas Company, an affiliate of The Broe Group that is a top 100 driller in the U.S. and the seventh largest oil producer in Colorado.

“It’s a great honor to work with someone like Pat Broe, who in my mind is a consummate businessman,” said Elliman. “Great Western Oil & Gas Company is growing and I’m thrilled to join its advisory board.”

The other members of the advisory board are former Colorado Gov. Bill Owens, managing director of Front Range Resources, and Neal Stanley, who serves on the board of the Western Energy Alliance.

“David Elliman brings tremendous business experience and sharp insights to the advisory board,” said Pat Broe, founder and CEO of The Broe Group. “I admire him and look forward to working together.”

“We’re extremely excited to have David as a member of our board,” said Mark DePuy, president and CEO of the Great Western Oil & Gas Company. “David brings a unique and diverse business and finance perspective to our company which will certainly help as we execute against our business plans and strive to reach our growth objectives.”

Elliman, who is based in New York, is a founding principal of the Elmrock Group of companies and is the chief investment officer. He is responsible for the asset portfolios of these companies and their clients. The group is comprised of Elmrock Capital, Inc., Elmrock Partners and Elmrock Management, and a number of specialty-purpose affiliates.

In addition to his work at Elmrock, he served as a director of Applied Signal Technology, Inc. from 1991 until its acquisition by Raytheon in February 2011, and served as director of Cap-MAC Holdings, Inc., until its merger with MBIA in 1998. Elliman serves as a Member of the Board at The New York State Energy Research and Development Authority (NYSERDA), and is a Trustee of The Jackson Laboratory.

He earned a B.A. in biology from the University of Pennsylvania, and M.S. in cell biology from the University of California, at Irvine, and an MBA in finance from the Wharton School. After graduating from Wharton in 1977, Elliman worked at Citibank N.A as a portfolio manager and a research analyst.

Great Western Oil & Gas Company is a privately-held independent exploration and production company with principal operations in the Colorado Denver-Julesburg (DJ) Basin and in the North Dakota Williston Basin. Great Western is an aggressive growth company engaged in the acquisition and development of oil and natural gas resources.

Great Western was founded in 2005 by The Broe Group, based in Denver, which also owns and manages a broad portfolio of real estate holdings throughout the U.S. Its transportation affiliate, OmniTRAX, Inc., is a leading transportation services firm with railroad, port and terminal operations throughout North America.

SOURCE Great Western Oil & Gas Company