TexEn Oil & Gas, Inc. Announces a New President and CEO

Fredericton, CANADA

HOUSTON, June 10, 2002 (PRIMEZONE) -- TexEn Oil & Gas, Inc. (OTCBB:TXEO), an oil and gas company, is pleased to announce the appointment of Mr. Bob Baker as President and CEO effective immediately. Mr. Baker was also appointed to the Board of Directors of TexEn. Mr. Baker has been an investment executive in the financial industry for the past 22 years and brings to the company financial market experience.

Paul Lemmon, Director and Secretary of TexEn Oil & Gas, Inc. stated: "The Board is proud to add Mr. Baker to its board and to have his leadership as the Company's new senior executive. Mr. Baker has been a licensed registered representative in both Canada and the U.S. and brings capital market experience that will assist the Company finance its exploration and development needs in the future."

Mr. Baker replaced Mr. Harry P. Gamble IV as a Director and President of TexEn who resigned on May 30, 2002 as a result of a conflict of interest.

About TexEn Oil & Gas, Inc.

TexEn is engaged in the business of oil and gas exploration and development, and the sale of oil and gas.

This press release contains forward-looking statements within the Meaning of The Private Securities Litigation Reform Act of 1995 (the Act). These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the company's business and prospects and cause actual results to differ materially from these statements.


Contact Data