To: Taki who wrote (94164 ) 10/18/2001 8:34:06 PM From: Jim Bishop Read Replies (2) | Respond to of 150070 Applies to KING, somehow I guess:newswire.ca Attention Business Editors: Westfort Energy Ltd. Announces The Election Of New President And CEO (TSE:WT) JACKSON, MS, Oct. 18 /CNW/ - The Board of Directors of Westfort Energy Ltd. is pleased to announce the election of Norris R. Harris to the office of President of the company and his appointment to the Board of Directors. Mr. Harris has had extensive experience as an oil and gas executive, having founded and served as President and CEO of highly successful, publicly held oil and gas companies. He has also enjoyed a distinguished background in geophysics having been responsible for geophysics in U.K. waters and Nigeria for Mobil Oil Corporation. During his tenure at Mobil, he also worked in several other countries and was responsible for geophysics in Africa and Southeast Asia at the time of his resignation from Mobil to form a geophysical consulting company. This company, Pexcon, eventually had over fifty clients including Exxon, Conoco, Deminex (German government), Japanese Petroleum Co. and Pan Arctic Petroleum. He holds patents in Data Processing Techniques for seismic data as well as having developed the direct detection of hydrocarbons from seismic data. When Mr. Harris and his partner, Ray Sengbush, formed Pexcon, the industry did not accept the theory that oil and gas could be detected directly with seismic. Today "bright spot" technology is routinely used throughout the industry and has drastically improved the success ratio of exploration wells. Mr. Harris brings to Westfort the experience and knowledge necessary to maximize production of the company's reserves. Westfort, under Mr. Harris' leadership will initially concentrate on cutting the company's present costs of operation without impeding the company's profitable operations, evaluating the company's overall operations and developing an operational program to increase and enhance the company production and thus its cash flow. Simultaneously, a financing plan will also be developed and presented to the board designed to provide needed funds to develop the company's lease holdings. A more comprehensive summary of Mr. Harris' background will be posted on Westfort's web page in due course. For The Board H. Eugene Gibbons Headquartered in Jackson, Mississippi, Westfort Energy Ltd., is an independent oil & gas exploration and development company, operating through its wholly owned subsidiary Canadian Delta Inc. The Company currently holds leases to oil, gas and mineral rights that comprise a majority interest in three, known producing fields: Pelahatchie, Pickens and Gillsburg, all located within a 125-mile radius of Jackson. Westfort also operates its own workover and drilling rigs. Cautionary Statement as to Forward-Looking Information: Investors are cautioned that the preceding statement of the Company includes certain estimates, assumptions and other forward-looking information. The actual future performance, developments and/or results of the company may differ materially from any or all of the forward-looking statements, which include current expectations, estimates and projections, in all or part attributable to general economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the Company, including rates of inflation, natural oil/gas prices, reserve estimates, drilling risks, future production of oil and gas, changes in future costs and expenses related to oil and gas activities and hedging, financing availability and other risks related to financial activities. The Toronto Stock Exchange has neither approved nor disapproved of this release. -30- For further information: Investor Contact: Arne Greaves, Westfort Energy Ltd., (877) 816-7571, Info@westfortenergy.com; Blair Henderson, (604) 687-5562; To request a free copy of this organization's annual report, please go to newswire.ca and click on reports@cnw. WESTFORT ENERGY LTD. has 65 releases in this database.