South Texas Oil Co. Names New VP of Corporate Development

South Texas Oil Company has named Ted Wicks as Executive Vice President of Corporate Development, effective October 2, 2008. In the newly created position, Wicks will be responsible for directing corporate strategy, corporate finance and other strategic transactions including mergers, acquisitions and capital markets responsibilities.

Wicks brings to South Texas over 15 years of energy-focused investment banking, accounting and finance experience. Since 2007, Wicks was a Managing Director with Petro Capital Securities, LLC (PCS), a Dallas-based energy investment bank. His responsibilities at PCS included client coverage and leading the structuring and execution of a wide variety of mergers and acquisitions, strategic advisory and capital markets transactions for clients in the midstream, exploration and production and oilfield services segments of the energy industry. Prior to that, he held similar positions at commercial and investment banks serving the industry.

Wicks earned his Masters of Business Administration in Finance and Bachelor of Arts with Accounting and Finance concentrations from the University of St. Thomas in St. Paul, Minn.

"Ted's skill set complements a strong technical and operations team already in place," said Mike Pawelek, Chairman and CEO. "His industry and Wall Street contacts, financial acumen, expertise in mergers and acquisitions and transaction experience will help accelerate our growth initiative. We are pleased to welcome Ted to South Texas Oil."


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