Teton Energy Appoints Steve Godfrey as Vice President of Operations

DENVER, March 31 /PRNewswire-FirstCall/ -- Teton Energy Corporation
("Teton") (Amex: TEC) announced today the appointment of Steve Godfrey to the
position of Vice President of Operations. Mr. Godfrey will be responsible for
all drilling, production and completion operations for Teton. The appointment
is effective March 31, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051007/LAF054LOGO)
Mr. Godfrey has over 27 years of oil and gas experience with a major
emphasis on drilling, production and completion operations. Steve has worked
for Forest Oil since 2001 serving in various capacities including Director of
Drilling -- US, Onshore Drilling Manager and Gulf Coast Onshore Drilling
Manager. During that time, Steve was responsible for all day-to-day
operations in addition to contracting, design and budgeting. Prior to Forest
Oil, Steve spent 21 years with Texaco and held several positions including
Senior Drilling/Asset Manager, North America West Area Drilling and Completion
Manager and various engineering positions. In both venues, Steve built a
strong team targeted at efficient and cost-effective results. Steve has
worked in numerous areas including the Rocky Mountains, Mid-Continent, Permian
Basin, South Texas, Louisiana, Offshore California, Alaska and Canada.
Mr. Godfrey has a Master of Business Administration Degree from the
University of Southern California and a Bachelor of Science Degree in Civil
Engineering from the University of Notre Dame. He is a registered
Professional Engineer in the State of Colorado.
Dominic Bazile, Executive Vice President and COO stated, "Steve is a very
experienced oil and gas professional who will direct all of Teton's drilling,
production and completion operations. We are focused on expanding our
portfolio of Teton-operated properties to better control the level and pace of
capital spending. Steve will be an integral part of that effort as we position
Teton for increasing growth in the coming years."
Company Description. Teton Energy Corporation (Amex: TEC) is an
independent oil and gas exploration and production company based in Denver,
Colorado. Teton is focused on the acquisition, exploration and development of
North American properties and has current operations in the Rocky Mountain
region of the U.S. The Company's common stock is listed on the American Stock
Exchange under the ticker symbol "TEC". For more information about the
Company, please visit the Company's website at http://www.teton-energy.com.
Forward-Looking Statements. This news release may contain certain
forward-looking statements, including declarations regarding Teton and its
subsidiaries' expectations, intentions, strategies and beliefs regarding the
future within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements contained
herein are based upon information available to Teton's management as at the
date hereof and actual results may vary based upon future events, both within
and without the control of Teton's management, including risks and
uncertainties that could cause actual results to differ materially including,
among other things, the impact that additional acquisitions may have on the
Company and its capital structure, exploration results, market conditions, oil
and gas price volatility, uncertainties inherent in oil and gas production
operations and estimating reserves, unexpected future capital expenditures,
competition, governmental regulations and other factors discussed in the
Company's Annual Report on Form 10-K for the year ended December 31, 2007
filed with the Securities and Exchange Commission. Teton's disclosure reports
are on file at the Securities and Exchange Commission and can be viewed on
Teton's website at http://www.teton-energy.com. Copies are available without
charge, upon request from the Company.
Company contact:
Ron Wirth
Director of Investor Relations & Administration
(303) 565-4600, Ext. 124
rwirth@teton-energy.com
http://www.teton-energy.com

SOURCE Teton Energy Corporation

Ron Wirth, Director of Investor Relations & Administration of Teton Energy
Corporation, +1-303-565-4600, Ext. 124, rwirth@teton-energy.com