Texas American Resources Company Appoints Vice President for Business Development

AUSTIN, Texas, Sept. 30 /PRNewswire/ -- Texas American Resources Company ("TARC" or the "Company") names Mark Klingseisen as Vice President Business Development, effective immediately.  "We, at Texas American are pleased to add Mr. Klingseisen to our team. Mark brings a strong commercial background with 30 years of diverse experience in the oil & gas industry.  He has been helping the Company the past few months and has already made a big difference," said David Honeycutt, TARC Chief Executive Officer.

Previously, Mr. Klingseisen held various executive positions with BP and Amoco around the world, including: petroleum engineering, strategic planning, business development, oil and gas trading and human resources in the US, Europe, Middle East and China.

As Vice President of Business Development, Mr. Klingseisen will be responsible for leading the Company's commercial activities in the area of acquisitions & divestitures ("A & D") and the marketing of crude oil and natural gas.

Mark holds a Bachelor of Science from Texas A&M and continued Business Management & Leadership education from Stanford, Harvard and INSEAD.

ABOUT TEXAS AMERICAN RESOURCES COMPANY

Texas American Resources Company is a privately-held exploration and production company headquartered in Austin, Texas.  Since its founding in 1990, TARC has focused on the acquisition and exploitation of on-shore oil and gas properties in Texas, Colorado and Wyoming.

The Company has a total proved reserve base of 30 MMBOE which is 35% developed and 58% oil and NGLs and has 80 MMBOE of 3P reserves plus resources.  TARC operates over 400 wells and its company-wide total net daily production of approximately 3,000 BOEPD is 60% oil and NGLs.

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.

SOURCE Texas American Resources Company

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