WHIT Whittier Energy Corp (MM)

Whittier Energy Corporation (NASDAQ:WHIT) was named the fastest growing company in the Oil and Gas Financial Journal survey for the fourth quarter of 2005. The results of the rankings were published in the May 2006 issue. The list of fastest growing companies was determined by growth of stockholder equity. Whittier Energy's stockholder equity increased 408% from $11.9 million in the fourth quarter of 2004 to $60.7 million in the fourth quarter of 2005. In addition, net income increased 117%. Only companies that reported positive net income for the fourth quarter of 2005 and 2004 and increased earnings in the most recent quarter versus the earlier quarter were included in the rankings. Additionally, the Company ranks number 77 in total assets among the Oil and Gas Financial Journal's list of 200 public Exploration & Production companies. Bryce Rhodes, Whittier Energy President and CEO, commented, "We are extremely pleased to be recognized by the Oil and Gas Financial Journal for our accomplishments. We have experienced substantial growth of our oil and gas and financial assets and are well positioned for the future." Added, Mr. Rhodes, "This recognition reflects our ability to execute on our acquire, explore and exploit strategy to grow the business and increase shareholder value." About Whittier Energy Corporation Whittier Energy Corporation is an independent oil and gas exploration and production company headquartered in Houston, Texas, with operations in Texas and Louisiana. Whittier Energy also holds non-operated interests in fields located in the Gulf Coast, Oklahoma, Wyoming and California. To find out more about Whittier Energy Corporation (NASDAQ:WHIT), visit the website at www.whittierenergy.com.