Westside Energy Announces Executive Promotions
June 01 2006 - 10:00AM
PR Newswire (US)
HOUSTON, June 1 /PRNewswire-FirstCall/ -- Westside Energy
Corporation (AMEX:WHT), an oil and gas company with operations
focused on the acquisition, exploration and development of natural
gas in the Barnett Shale play in North Texas, today announced that
its Board of Directors has approved the following promotions and
changes in the composition of senior management. Douglas G. Manner
was elected to the position of Chief Executive Officer, effective
June 1, 2006. Manner previously served as the company's Chief
Operating Officer and has served as a Director since March 2005.
Prior to joining Westside in January 2006, Manner held various
senior executive positions at international and domestic
exploration and production companies, including Kosmos Energy as
Chief Operating Officer, Mission Resources as Chairman and CEO,
Bellwether Exploration as Chairman and CEO, and Gulf Canada
Resources as Chief Operating Officer. He also was employed for 15
years in management positions as a reservoir engineer at Ryder
Scott Petroleum Engineers. He also serves on the Board of Directors
of Cordero Energy, Zenas Energy and Rio Vista Energy Partners, L.P.
Manner received a Bachelor of Science degree in mechanical
engineering from Rice University. He is a professional engineer
certified by the Texas Board of Professional Engineers, and he is a
member of the Society of Petroleum Engineers. Jimmy D. Wright, who
since co-founding Westside, served as Chief Executive Officer,
President and Chief Financial Officer, will now hold the positions
of President and Chief Operating Officer. Prior to co-founding
Westside, Wright served in senior management positions at
EnergyClear, an over-the-counter energy clearinghouse approved by
the Commodity Futures Trading Commission. Prior to that, he held
various senior management positions with Midcoast Energy Resources
Inc., a pipeline operator later merged into Enbridge, Inc. Wright
holds a Bachelor of Science degree in Mechanical Engineering from
the University of Memphis. In a final election by the Board of
Directors, Sean J. Austin was named Chief Financial Officer.
Joining Westside in May 2005, he has served as Vice President and
Corporate Controller, positions he will continue to hold in
addition to CFO. Previously, Austin spent 23 years with Amerada
Hess, now Hess Corporation, holding senior management positions in
the company's New York and Houston offices. His positions during
his Hess career included Vice President, Finance and
Administration, Exploration and Production and Vice President and
Corporate Controller. Prior to joining Amerada Hess, Austin served
as an officer in the United States Navy. He holds a Bachelors
degree in Accounting from the University of Notre Dame and a Master
of Business Administration degree from the Amos Tuck School of
Business at Dartmouth College. Management Comment Keith D.
Spickelmier, Chairman of the Board said: "The recent promotions are
indicative of the growth we are experiencing. Our well-rounded
management team, especially for a company of our size, brings
complementary skill sets, including Doug's technical and
operational strengths which were instrumental in running both
public and private companies throughout his career. Sean's public
company financial and reporting acumen are indeed a benefit to
Westside, especially in a time when talent in our industry is in
short supply. By shifting Jimmy's role to President and Chief
Operating Officer, we can best leverage his expertise as a
corporate development specialist and as a skilled transaction
negotiator. Now, Doug, Jimmy and Sean can focus on their core
competencies which will be of added benefit to Westside and its
shareholders." About Westside Energy Corporation Houston-based
Westside Energy is an oil and gas company focused on exploiting its
73,925 gross (65,989 net) acres in the prolific Barnett Shale trend
in North Texas. For more information about Westside Energy, please
visit the Company's website http://www.westsideenergy.com/.
Forward-Looking Statements Certain statements in this news release
regarding future expectations, plans for acquisitions and
dispositions, oil and gas reserves, exploration, development,
production and pricing may be regarded as "forward-looking
statements" within the meaning of the Securities Litigation Reform
Act. They are subject to various risks, such as operating hazards,
drilling risks, the inherent uncertainties in interpreting
engineering data relating to underground accumulations of oil and
gas, as well as other risks discussed in detail in the Company's
periodic reports and other documents filed with the SEC. Actual
results may vary materially. DATASOURCE: Westside Energy
Corporation CONTACT: Sean J. Austin, CFO of Westside Energy
Corporation, +1-713-979-2660, ext. 206 Web site:
http://www.westsideenergy.com/
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