: - Transeuro Energy Corp. “Transeuro” or the “Company” announces a change ofPresident and CEO.
Mr. David Worrall, who currently holds the position as Chief Operating Officer of Transeuro, has been
appointed the new Chief Executive Officer (“CEO”) and President of the Company. Mr. Hal
Hemmerich, the Company’s former Chief Executive Officer, will continue with the Company as its
Chairman of the Board of Directors.
Mr. Worrall has over 17 years of Petroleum Engineering experience across the industry in large and
small E&P companies and throughout Europe, the Middle East and the FSU. He started in the industry
with Mobil UK in 1991 after graduating with a first class Masters in Chemical Engineering from
Nottingham University. In 1996 he moved to the Middle East with Bunduq Oil Company in Abu Dhabi
and from 1998 he worked as a consultant for various operators across the Middle East and the FSU
region. Mr. Worrall began working on the Transeuro assets in 2005 and has held the position of
Transeuro's Chief Operating Officer since August 2006. His broad experience includes a strong technical
knowledge of oil and gas reservoirs and operating practices, and the industry environment across Europe,
the Middle East and the FSU. Over the past year he has been responsible for more of the commercial and
capital market functions within Transeuro.
The Board of Directors are very pleased that Mr., Worrall has accepted the position as CEO/President
and that Mr. Hemmerich continues as Chairman of the Board. We believe this will make the company
stronger and better focused on our way ahead. The Board of Directors wishes to thank Mr. Hemmerich
for his work done as CEO/President of the company.
Transeuro Energy Corp. is involved in the acquisition of petroleum and natural gas rights, the
exploration for, and development and production of crude oil, condensate and natural gas. The
Company's properties are located in Canada, Armenia , Ukraine and, through majority ownership in
Eaglewood Energy Inc, in Papua New Guinea.
On behalf of the Board of Directors