CALGARY, Aug. 31 /CNW/ - Cirrus Energy Corporation (TSXV: CYR) is pleased to announce the appointment of John Bell as Interim Vice President Finance and Chief Financial Officer. John, a Chartered Accountant, joined Cirrus in November, 2009 as Controller and was previously Controller at Zapata Energy Corporation.
In conjunction with the appointment, Cirrus has granted him an option, pursuant to the stock option plan, to acquire up to 400,000 Common Shares having an exercise price of $0.54 per share vesting evenly over a three year period and expiring two years after each vesting.
Effective August 16, 2010, Theo Bergers has been appointed as Managing Director of Cirrus Energy Nederland B.V. Theo has extensive international and North Sea experience in a variety of technical and senior management roles, most recently as Operations Manager for Wintershall in Libya. Theo started his career in 1975 as a production engineer with Shell working in The Netherlands, Oman, Brunei and Shell Expro in the UK prior to moving to Clyde Petroleum in 1990 where he was responsible for the operation and development of Clyde's operated assets in The Netherlands which were acquired by Wintershall in 2002. Theo brings a wealth of directly relevant operational experience to Cirrus' activities in the Dutch North Sea.
Cirrus Energy Corporation is an international oil and gas company headquartered in Calgary and has approximately 93.4 million fully diluted common shares outstanding. Additional information about Cirrus and its business activities is available at www.cirrusenergy.ca and www.sedar.com.
This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future production, cash flow and earnings. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by Cirrus with securities regulatory authorities.
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SOURCE CIRRUS ENERGY CORPORATION
For further information: For further information: David Taylor, President and Chief Executive Officer, Cirrus Energy Corporation, Suite 208, 5 Richard Way, S.W. Calgary, Alberta, T3E 7M8, Canada, Website: www.cirrusenergy.ca, Telephone: (403) 216-5030, Facsimile: (403) 265-9530