June 27, 2002

WILLIAM C. McLEOD
EXPERT ON ALTERNATE ENERGY TECHNOLOGIES
AND THE IMPACT OF CLIMATE CHANGE
ON THE PETROLEUM INDUSTRY
BECOMES AN AMMONITE ASSOCIATE

     Ammonite Resources is honored to announce the William C. "Bill" McLeod has joined Ammonite as our expert consultant on alternate energy technologies, climate change, and environmental regulation in the energy industry. Bill's particular expertise is as a strategic planner in advising energy companies how to anticipate and adapt to the changing energy regulatory and economic environment, and new technologies.  Prior to becoming a consultant, Bill McLeod worked 33 years for Texaco, Inc., initially in refinery process engineering and refinery management, then corporate planning, technology development, and strategy planning and business process analysis. He has also studied new energy technologies and climate change issues including greenhouse gas emissions calculations and control strategies. Bill has also handled many environmental regulatory issues. In his most recent position with Texaco Inc.'s Strategic Management Group, Bill managed the integration of technology and strategy development. He played a key role in developing and implementing a number of forward-looking strategies including investing in hydrogen and renewable energy technologies, and monitoring and managing greenhouse gas emissions across the corporation.

      Bill has a Bachelor of Science degree in Chemical Engineering from Northeastern University. During the course of his career, he has worked as a guest examiner for the Westinghouse Total Quality Award, and as a participant on the National Petroleum Council's 1998-1999 Study of Product Supply and the US Dept. of Energy's Hydrogen Scenario Project.

     Ammonite is increasingly being asked by our clients to evaluate new energy technologies, and the companies that are developing these technologies. Government energy policy is also focusing on alternate energy technologies, in particular fuel cells, and the control of green house gases. With the addition of Bill McLeod as an Ammonite consultant, the firm is now better equipped to provide top expertise in this sector.  Bill has written an article titled "Why do energy companies need to be concerned about climate change and what can they do about it" which is posted on the Ammonite "In the Trenches" webpage.