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

To: Brian Diggle who wrote (4011)	3/30/1999 6:07:00 PM
From: jba	Respond to of 4851

Michael Watford is the new CEO of Ultra....I would think it is a great move to have him on the Board....

To: Brian Diggle who wrote (4011)	3/30/1999 6:37:00 PM
From: Bob Walsh	Respond to of 4851

I am not sure why Marc resigned - perhaps to make room for Watford. As far as I know Marc still controls about 240,000 shares. Reards, Bob

To: Brian Diggle who wrote (4011)	3/30/1999 7:15:00 PM
From: Bart Hoenes	Read Replies (1) \| Respond to of 4851

Did they hire you to write this release in the meantime? NEWS RELEASE March 30, 1999 DIRECTOR RESIGNS, DIRECTOR APPOINTED Denver, CO - The Board of Ultra Petroleum Corp. announced today that it has accepted the resignation of Marc Bruner from the Board of the Company and all of the Company's subsidiaries, and that Michael Watford has been appointed to the Board to fill the vacancy. "As a shareholder of Ultra, I am satisfied that the company is in good hands with Michael Watford in charge," said Bruner. "I have some new opportunities I want to pursue." "The Board wishes to publicly thank Marc Bruner," said John Hislop, one of the outside directors. "His contributions as one of the founding directors, as a deal maker and in the area of raising capital have been critical to getting Ultra where it is today. We wish him every success in his new ventures." 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. -30- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ You can view this news release and any links associated with it at ultrapetroleum.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _