Teton Petroleum Announces Executive Changes to Strengthen Organization
2005年3月1日 - 7:09AM
PRニュース・ワイアー (英語)
Teton Petroleum Announces Executive Changes to Strengthen
Organization DENVER, Feb. 28 /PRNewswire-FirstCall/ -- Teton
Petroleum Company (AMEX:TPE) announced the resignation of Howard
Cooper as its Executive Chairman. Mr. Cooper will remain on the
Company's Board and will stand for reelection at the Company's
upcoming annual meeting in May. James J. Woodcock, an outside
director, will assume the chairmanship as a non-executive chairman
of the Company. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO ) Mr. Cooper
will remain a consultant to the Company and will continue to assist
Teton in the identification and execution of new opportunities in
North America. Commented Karl Arleth, the Company's CEO: "Teton
enjoys the position it has today in North America because of Howard
Cooper; this change will allow Howard to focus on finding new
acquisition opportunities." Significantly, the move also reflects
the Company's new position in North America and the shift in its
focus as it now begins operating as an independent oil and gas
company with an initial focus on exploration and development in
Rocky Mountain gas plays. Commented Jim Woodcock, the Company's
newly elected non-executive chairman: "These changes reflect the
Company's confidence in our CEO and his ability as an operator to
lead the Company into its next phase of development and growth, and
it will free up more time for Mr. Cooper to focus on the
identification of new opportunities in key basins in North America,
which will be critical for the Company going forward." Founded in
1996, Teton Petroleum Company, headquartered in Denver, Colorado,
is an independent energy company engaged primarily in the
development, production, and marketing of natural gas and oil in
North America. The Company's current area of exploration and
development is focused on the Piceance Basin in Western Colorado.
For more information on Teton Petroleum Company, please visit the
Company's web site at http://www.tetonpetroleum.com/ . This news
release may contain certain forward-looking statements, including
declarations regarding Teton and its subsidiaries' expectations,
intentions, strategies and beliefs regarding the future. All
statements contained herein are based upon information available to
Teton's management as at the date hereof and actual results may
vary based upon future events, both within and without the control
of the Teton's management.
http://www.newscom.com/cgi-bin/prnh/20030611/TETONLOGO
http://photoarchive.ap.org/ DATASOURCE: Teton Petroleum Company
CONTACT: Gillian D. Kane, Vice President, Investor Relations of
Teton Petroleum Company, +1-970-846-1953, or Web site:
http://www.tetonpetroleum.com/
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