2007'06.02.Sat
Texas American Resources Appoints Francis Chang as Exploration Manager, China
May 31, 2007
AUSTIN, Texas, May 31 /Xinhua-PRNewswire/ -- Texas American Resources-Asia Ltd, an affiliate of Texas American Resources Company, Austin, Texas, has announced the appointment of Mr. Francis Chang to the position of Exploration Manager, China. Mr. Chang has 29 years experience in the international E&P business, having worked most recently for Anadarko Petroleum (Kerr-McGee China) as Chief Geophysicist. Prior to Kerr-McGee he worked for Burlington Resources, LL&E, Texas Eastern, and Amoco. He holds a BS degree in Geology from the National Taiwan University and did graduate study at Harvard University. David Honeycutt, President of Texas American Resources Company, commenting on the appointment said "Mr.Chang has a strong professional resume and is highly skilled technically. More importantly, Mr. Chang has a high degree of personal integrity and we value this trait in our Company." Mr. Chang will be based in the Company's Beijing office. ABOUT TEXAS AMERICAN RESOURCES COMPANY Headquartered in Beijing, Texas American Resources-Asia, Ltd's ("TARA") principal assets consist of two blocks in the Pearl River Area of the South China Sea, making TARA the first privately-held company to have assets in the South China Sea. In total, TARA's offshore blocks encompass approximately 4.5 million acres. LEGAL DISCLOSURE: Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, particularly any express or implied statements concerning future financial condition or operating results. Although Management believes that the expectations reflected herein are reasonable, the matters discussed in this release involve risks, uncertainties, and other factors that may delay, prevent or adversely affect the transaction or the Company's planned activities and operations. There can be no assurance that such expectations will prove correct. All forward-looking statements are expressly qualified by this cautionary statement. For more information, please contact: Mike Wichterich Chief Financial Officer Texas American Resources Company Tel: +1-512-480-8700 Web: http://www.texasarc.com
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