CALGARY, June 27 /CNW/ - Tuscany Energy Ltd. today announced that Greg
Busby has resigned as President and as a director of the Company, to pursue
John G.F. McLeod has been appointed interim President and Chief Executive
Officer of the Company. Mr. McLeod is a professional engineer and has over 30
years of technical and management experience in the upstream oil and gas
industry, both domestic and international. John holds a BSc in Mechanical
Engineering from the University of New Brunswick and is a member of APEGGA.
The Board of Directors would like to thank Mr. Busby for his past service
with the Company.
The Board of Tuscany will continue a review of the strategy alternatives
to increase shareholder value.
Tuscany Energy Ltd. is a Calgary based oil and gas exploration company.
Forward-looking statements - statements included in this press release
that are not historical facts may be considered "forward-looking statements."
All estimates and statements that describe the Company's objectives, goals or
future plans are forward-looking statements. Forward-looking statements
involve inherent risks and uncertainties where actual results could differ
materially from those currently anticipated.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: JGF McLeod, President & CEO, TUSCANY ENERGY
LTD., Telephone: (403) 264-2398, Fax: (403) 264-2399, TSX Venture: TUS OR
Robert W. Lamond, Chairman, TUSCANY ENERGY LTD., Telephone: (403) 269-9889,
Fax: (403) 269-9890