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WOLVERINE EXPLORATION ELECTS CHAIRMAN OF THE BOARD AND CEO

 FORT WORTH, Texas, Oct. 18 /PRNewswire/ -- Wolverine Exploration Company ("WECO") announced today the election of Gerald W. Haddock as chairman of the board of directors and chief executive officer. Haddock has been a director of the company since 1987. Glenn A. Adams, who previously held these positions, will remain as president and chief operating officer of the company and chief executive officer of its wholly-owned subsidiary, Lance Exploration Company. This change was made to increase Haddock's involvement in the management of Wolverine and allow Adams to focus his efforts on the development of Lance Exploration Company.
 Lance Exploration Company was formed on July 1, 1993, to focus on prospect generation. With the demand for natural gas improving and the need for increased production to meet this demand, the company through Lance has determined that the best method of taking advantage of this situation, considering the company's capital restraints, is by developing and marketing quality drilling prospects to industry partners.
 -0- 10/18/93
 /CONTACT: Jeffrey L. Stevens of Wolverine Exploration Company, 817-339-1010/


CO: Wolverine Exploration Company ST: Texas IN: OIL SU: PER

WB -- NY066 -- 3412 10/18/93 12:54 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
Words:191
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