CORP / Windsor Energy Corporation - David F. Chavenson Accepts
Board Nomination
TSE, AMEX SYMBOL: WNS
MAY 27, 1998
CALGARY, ALBERTA and DALLAS, TEXAS--Windsor Energy Corporation is
pleased to announce that David F. Chavenson has accepted the
nomination to stand for election to the Board of Directors at the
next annual general meeting on June 29, 1998. If elected the
appointment is subject to regulatory approval.
Mr. Chavenson is Vice President, Finance and Chief Financial
Officer of Rutherford-Moran Oil Corporation in Houston, Texas. He
brings a wealth of experience in oil finance to Windsor having
served as Chief Financial Officer for both large and small public
oil companies. He will also assist Windsor in developing
strategies for investor relations.
Mr. Chavenson received an MBA from Harvard Business School in 1977
after having previously received a Bachelors Degree in Economics
from Dickinson College. In 1978 he joined the Sun Exploration and
Production Company in Dallas Texas, and after working in various
positions in finance, became Treasurer of Oryx Energy Company, a
successor company with world wide operations listed on the NYSE
with a market capitalization of approximately U.S. $2.5 billion.
In 1996 Mr. Chavenson joined the Rutherford-Moran Oil Corporation
as Vice-President, Finance and CFO. Rutherford-Moran is a
southeast Asia oriented energy company, with annual capital
expenditures of approximately U.S. $100 million and trades on the
NASDAQ. Mr. Chavenson is also a certified public accountant.
Windsor's management would like to inform its investors that the
Company's future is very bright and positive. Windsor has
extremely promising properties in Wyoming, California, Texas and
Louisiana with excellent reserves that should have a positive
impact on shareholders. Windsor's shares are extremely under
valued at this point and steps are being taken to insure that the
market appreciates the true value of Windsor's assets.
Windsor is a Calgary, Alberta and Dallas, Texas based
international exploration and production company traded on the
Toronto Stock Exchange (TSE:WNS) and the American Stock Exchange
(AMX:WNS).
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