Whittier Energy Announces Change in Board of Directors
10 7월 2006 - 7:45PM
Business Wire
Whittier Energy Corporation (NASDAQ: WHIT) today announced that Mr.
James A. Jeffs, Chairman of the Board, has resigned from his
position to pursue other professional commitments. Mr. David A.
Dahl, a current Director, has been elected as the new Chairman of
the Board, effective immediately. Mr. Jeffs served as Chairman of
the Board of the Company since 2003 and as a Director of its
predecessor, Whittier Energy Company, since 1997. He also serves as
Managing Director and Chief Investment Officer of The Whittier
Trust Company, a company providing financial and fiduciary services
to high net worth individuals, a position he has held since 1994.
Mr. Jeffs' resignation from the Board is not the result of any
disagreement with the Company. Mr. Jeffs said, "It has been a
pleasure to work with the other members of the Board of Directors
and with the management team of Whittier Energy as we have
transformed the Company into one of the fastest growing
independents in the oil and gas industry. My resignation does not
reflect any dissatisfaction with the Board or the Company, but
rather a desire on my part to spend more time on other professional
obligations. I leave behind a stable Company with a strong balance
sheet, solid assets with great upside potential and a quality
management team." Mr. Dahl has assumed the position of Chairman of
the Board of the Company. Mr. Dahl served as a Director of the
Company since September 2003, and as a Director and President of
Whittier Energy Company since 1997. Bryce Rhodes, President and CEO
of Whittier Energy Corporation said, "I would like to take this
opportunity to once again thank Jim for his guidance and business
acumen as we have grown Whittier Energy. His leadership on the
Board has been instrumental to our success and will be missed." Mr.
Rhodes went on to say, "We have the utmost confidence in David Dahl
to assume the role of Chairman of the Board. He has a long history
with the Company and is uniquely qualified to help us continue to
grow shareholder value as we move forward." About Whittier Energy
Corporation Whittier Energy Corporation is an independent oil and
gas exploration and production company headquartered in Houston,
Texas, with operations in Texas and Louisiana. Whittier Energy also
holds non-operated interests in fields located in the Gulf Coast,
Oklahoma, Wyoming and California. To find out more about Whittier
Energy Corporation (NASDAQ: WHIT), visit www.whittierenergy.com.
Forward-Looking Statements Certain statements included in this news
release are intended as "forward-looking statements" under the
Private Securities Litigation Reform Act of 1995. The Company
cautions that actual future results may vary materially from those
expressed or implied in any forward-looking statements. More
information about the risks and uncertainties relating to these
forward-looking statements are found in the Company's SEC filings,
which are available free of charge on the SEC's web site at
http://www.sec.gov.
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