Larry M. Wright

LARRY M. WRIGHT is President and Chief Executive Officer of PANACO, Inc.
Mr. Wright received his BS degree in Engineering from the University of
Oklahoma in 1966. From 1966 to 1976 he was with Union Oil Company of
California. From 1976 to 1980 Mr. Wright was with Texas International
Petroleum Corporation, ultimately as Division Operations Manager. From
1980 to 1981 he was with what is now Transamerica Natural Gas Company as
Vice President-Exploration and Production. From 1981-1982 he was Senior
Vice President of Operations for Texas International, and from 1983 to
1985 he served as Executive Vice President of Funk Fuels Corp., a
subsidiary of Funk Exploration. From 1985 to 1993 Mr. Wright was an
independent consultant. From 1993 to date he has served as Executive
Vice President of PANACO, Inc. From September 1997 until the present
time Mr. Wright has served as President of PANACO, Inc.