Sefton Resources appoints new chief financial officer

Ray K. Davis has been appointed chief financial officer of Sefton Resources Inc. of Denver.

Aug. 23, 2002

By OGJ editors

HOUSTON, Aug 23 -- Ray K. Davis has been appointed chief financial officer of Sefton Resources Inc. of Denver. Sefton, an oil and gas exploration and production company, operates through its wholly owned subsidiaries TEG Oil & Gas USA Inc. and TEG Oil & Gas Canada Inc.

Currently, Davis provides financial services to both public and private small oil and gas companies, including Aspen Exploration Corp., Denver, and Monument Resources Inc., Castle Rock, Colo., for which he is currently a financial consultant.

During 1977-84, Davis served as treasurer and chief financial officer for Denver-based Macy & Mershon Oil Inc. Before that, he held positions as partner, controller, and chief accountant with various petroleum and mining companies.