Teton Petroleum Announces Executive Changes to Strengthen Organization

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.

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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. 

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DATASOURCE: Teton Petroleum Company



CONTACT:  Gillian D. Kane, Vice President, Investor Relations of Teton

Petroleum Company, [phone], or 



Web site:  http://www.tetonpetroleum.com/ 

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