Whittier (NASDAQ:WHIT)
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From Jun 2019 to Jun 2024
Whittier Energy Corporation (NASDAQ:WHIT) today
announced the resignation of Michael B. Young as Vice President and
CFO and the promotion of Geoff Stone to Vice President of Finance and
Chief Accounting Officer, both effective as of August 31, 2006. Mr.
Young is leaving the Company to become the CFO of London-based Max
Petroleum PLC (LSE, AIM Market:MXP).
Mr. Young has served as CFO of Whittier Energy since September
2003 and leaves the Company with a strong balance sheet, a capable and
experienced accounting team in place, and a portfolio of producing
assets and significant organic growth opportunities.
Mr. Young said: "It has been my pleasure to be a member of the
management team at Whittier Energy during an exciting period of growth
for the Company. I am very proud of the excellent organization we have
built and what we have accomplished in a very short period of time.
Having recently been named one of the fastest-growing independents in
the oil and gas industry demonstrates Whittier's commitment to add
value for its shareholders and I am confident that the team I leave
behind will continue to deliver." Mr. Young went on to say: "The
opportunity to move to London with Max Petroleum as they develop their
properties in Kazakhstan, where I spent an earlier part of my career,
was too compelling to pass up. This move certainly does not reflect
any dissatisfaction with Whittier Energy."
Geoff Stone joined Whittier in July 2005 as Controller; he has a
Masters of Professional Accounting degree from the University of Texas
at Austin and is a Certified Public Accountant. Prior to joining
Whittier he served as Director of Tax at XServ, Inc., a private
industrial contractor and he has experience in public accounting with
Price Waterhouse and KPMG.
Mr. Stone said: "I'm thankful for the opportunity and the
confidence the Whittier Energy management team and board of directors
is showing by promoting me to the post of Chief Accounting Officer and
Vice President of Finance. I look forward to working with the entire
Whittier team to maintain our track record of growth."
Bryce Rhodes, President and CEO of Whittier Energy, said: "I would
like to take this opportunity to thank Mike for the exceptional effort
he put forward for Whittier and our shareholders while we transformed
the Company into one of the fastest-growing independents in the
industry. He leaves behind a very qualified team under Geoff's
guidance that ensures the proper execution of all financial matters
will continue as we move forward into the next phase of our growth
strategy."
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.