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Teton Energy has retained Preng & Associates to conduct the search for a new CFO

Teton Energy has retained Preng & Associates to conduct the search for a new CFO. Bill I. Pennington, the current CFO and Executive Vice-President who has recently announced his resignation, citing personal reasons, will actively work with the firm during the recruiting process. Mr. Pennington is moving to Austin, Texas from Denver, and will not be taking another position as CFO with an oil and gas company. He will join the Teton Board as an outside Director, effective September 14, 2007.

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