Effective January 1, 2016, PetroShare Corp. appointed Paul D. Maniscalco as Chief Financial Officer of the company. In this role, Mr. Maniscalco will serve as the company's principal financial and accounting officer.

Contemporaneously, Stephen J. Foley will cease acting as the company's principal financial and accounting officer. Also effective January 1, 2016, the company appointed William B. Lloyd as the company's Chief Operating Officer. Mr. Maniscalco, age 46, has been a principal with SJM Holdings Inc. 2006.

From 2012 until 2014, Mr. Maniscalco served as interim Chief Financial Officer of Earthstone Energy Inc. Prior to joining the company, from 2007 until 2015, Mr. Lloyd served as the Senior Vice President of Operations for Cirque Resources LP.