DENVER, March 31 /PRNewswire-FirstCall/ -- Teton Energy Corporation ("Teton") (AMEX:TEC) announced today the appointment of Steve Godfrey to the position of Vice President of Operations. Mr. Godfrey will be responsible for all drilling, production and completion operations for Teton. The appointment is effective March 31, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO) Mr. Godfrey has over 27 years of oil and gas experience with a major emphasis on drilling, production and completion operations. Steve has worked for Forest Oil since 2001 serving in various capacities including Director of Drilling -- US, Onshore Drilling Manager and Gulf Coast Onshore Drilling Manager. During that time, Steve was responsible for all day-to-day operations in addition to contracting, design and budgeting. Prior to Forest Oil, Steve spent 21 years with Texaco and held several positions including Senior Drilling/Asset Manager, North America West Area Drilling and Completion Manager and various engineering positions. In both venues, Steve built a strong team targeted at efficient and cost-effective results. Steve has worked in numerous areas including the Rocky Mountains, Mid-Continent, Permian Basin, South Texas, Louisiana, Offshore California, Alaska and Canada.
Mr. Godfrey has a Master of Business Administration Degree from the University of Southern California and a Bachelor of Science Degree in Civil Engineering from the University of Notre Dame. He is a registered Professional Engineer in the State of Colorado.
Dominic Bazile, Executive Vice President and COO stated, "Steve is a very experienced oil and gas professional who will direct all of Teton's drilling, production and completion operations. We are focused on expanding our portfolio of Teton-operated properties to better control the level and pace of capital spending. Steve will be an integral part of that effort as we position Teton for increasing growth in the coming years." Company Description. Teton Energy Corporation (AMEX:TEC) is an independent oil and gas exploration and production company based in Denver, Colorado. Teton is focused on the acquisition, exploration and development of North American properties and has current operations in the Rocky Mountain region of the U.S. The Company's common stock is listed on the American Stock Exchange under the ticker symbol "TEC". For more information about the Company, please visit the Company's website at http://www.teton-energy.com/.
Forward-Looking Statements. This news release may contain certain forward-looking statements, including declarations regarding Teton and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 Teton's management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that additional acquisitions may have on the Company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditures, competition, governmental regulations and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 filed with the Securities and Exchange Commission. Teton's disclosure reports are on file at the Securities and Exchange Commission and can be viewed on Teton's website at http://www.teton-energy.com/. Copies are available without charge, upon request from the Company.
Company contact:
Ron Wirth
Director of Investor Relations & Administration
(303) 565-4600, Ext. 124
http://www.teton-energy.com/ http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO http://photoarchive.ap.org/ DATASOURCE: Teton Energy Corporation CONTACT: Ron Wirth, Director of Investor Relations & Administration of Teton Energy Corporation, +1-303-565-4600, Ext. 124, Web site: http://www.teton-energy.com/
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