Callan JMB Retains Northern Oil and Gas Founder Michael Reger as President of Callan Power; Northern Oil and Gas Now Valued at Approximately $2.9 Billion

Mr. Reger brings proven public-company, capital-markets, and energy-sector leadership to advance Callan Power’s domestic manufacturing and critical electrical-infrastructure strategy

SPRING BRANCH, Texas, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Callan JMB Inc. (NASDAQ: CJMB) (“Callan JMB” or the “Company”), a diversified company focused on logistics, emergency preparedness and critical infrastructure, confirms that, effective upon the closing of its previously announced acquisition of assets from Reger Oil, Inc, Michael Reger will serve as President of Callan Power LLC, the Company’s new wholly owned subsidiary focused on development of oil and gas resources, energy resilience, grid reliability and the domestic manufacturing of transformers and other critical electrical equipment.