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Edited by Christopher Simmons, senior news editor


LANTANA OIL & GAS PARTNERS BREAK INTO ENERGY DIVESTMENT MARKET

HOUSTON, TX, Jan. 27, 2003 /Send2Press Newswire/ -- David G. Nini, formerly president of PLS, and Andy Taurins, formerly with Waterous and Company, announced today the formation of Lantana Oil & Gas Partners (Lantana), a divestment and advisory firm focused on providing the most comprehensive service available for mid-sized oil and gas asset packages, those up to $20 million.

Through its founding partners, Lantana is able to combine quality evaluations, comprehensive marketing packages and a breadth of industry exposure that is currently unavailable in the mid-sized divestiture market.

While at Waterous, Mr. Taurins lead over $270 million in asset and corporate sales for a variety of companies and suggests, "I think David and I have the expertise and contacts to positively effect the way business is done in the mid-sized divestment market."

Partner David Nini comments, "Andy and I realized there was a significant gap in service and quality in the sub-$20 million energy divestment market. That's when we began working on the Lantana business model. We made an early commitment to bring our clients a highly-polished, credible product, with personal attention and detailed analysis normally reserved for larger deals. With this philosophy as the foundation of our business, we hope to change the expectation of this market niche."

Mr. Nini has an extensive divestiture background, as he led PLS, a company active in oil and gas property divestments, publications and conferences, for the last year and prior to that spent several years at Torch Energy Advisors in its A&D group.

ABOUT LANTANA OIL & GAS PARTNERS Lantana is a full service energy divestiture and advisory firm focused primarily on domestic (U.S.) onshore and offshore oil and gas properties. Lantana offers a complete transaction evaluation for companies interested in divesting oil and gas properties, from initial consultation to closing the deal. The company is headquartered in Houston, Texas.

Source of news: Lantana Oil & Gas Partners



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