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Gold/Mining/Energy : Ultra Petroleum (UPL) -- Ignore unavailable to you. Want to Upgrade?

To: Traveling Man who wrote (4300)	8/27/1999 4:12:00 PM
From: kfdkfd	Read Replies (1) \| Respond to of 4851

DIRECTOR RESIGNS Denver, CO - Michael Watford, Chairman and CEO of Ultra Petroleum Corp., today announced that he had accepted the resignation of Mark Jarvis from the board of the Company and all its subsidiaries. The resignation was submitted August 18, 1999. "The Board would like to thank Mark for his substantial contributions to Ultra Petroleum," said Watford. "He played key roles in corporate finance and strategic planning during the formative stages of this company. As a director, he was instrumental in getting me involved with Ultra." "Ultra is in good hands," said Jarvis. "In the seven months since he took over, he has cleaned up the balance sheet, rationalized the work force and put the company in a solid and growing cash flow position. My confidence in Mike frees me up to focus on fulfilling my duties at a smaller company which is in its formative stages." Ultra Petroleum Corp. (TSE: UP) is a natural gas exploration and development company with U.S. Headquarters in Denver, Colorado. The Company is exploring and developing the natural gas potential of its extensive lease holdings in the Green River Basin of southwest Wyoming.