CALGARY, July 15 /CNW/ - Cirrus Energy Corporation (TSXV: CYR) announces the resignation of the following officers; Ms Pamela Orr, Chief Financial Officer effective July 31, 2010, Mr Glenn Gradeen, Executive VP and Chief Operating Officer effective July 31, 2010 and Mr. Michael Ames, VP Exploration effective August 13, 2010. The Board of Directors of the Corporation wishes to thank these individuals for their past contributions and wishes them well in their future endeavours.
With the increasing shift of operational responsibility to the Netherlands, the future roles of the positions of Chief Operating Officer and VP Exploration will be assumed within the existing management structure of Cirrus' wholly owned and fully staffed subsidiary, Cirrus Energy Nederland B.V. in The Hague. An announcement regarding the appointment of a new Chief Financial Officer will be made in the near future.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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