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LESS THAN HALF SAY SEC’S REVISED OIL AND GAS RESERVE DISCLOSURE RULES WILL PROVIDE INVESTORS WITH BETTER INFORMATION-

Chicago, IL– January 5, 2010 – According to a new study by BDO, one of the nation’s leading accounting and consulting organizations, 65 percent of chief financial officers (CFOs) at oil and gas exploration and production companies say employment levels will remain stable at their company in 2010. Another 27 percent said they plan to hire more people.

"Given continued tough market conditions, tightened credit access and lower demand, it’s somewhat surprising that only eight percent of CFOs expect their companies to decrease employment levels in 2010,"said Charles Dewhurst, a partner and National Energy Industry Practice Leader at BDO. “Apparently, the industry experienced such steep cuts to price, demand and personnel in 2009, there is really nowhere to go but up.”

http://www.bdo.com/news/pr/1223

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