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Trisura Group Ltd V.TSU


Primary Symbol: T.TSU Alternate Symbol(s):  TRRSF

Trisura Group Ltd. is a specialty insurance provider. The Company is engaged in operating in surety, risk solutions, corporate insurance, and fronting business lines of the market. It has investments in subsidiaries through which it conducts insurance and reinsurance operations. Those operations are primarily in Canada (Trisura Canada) and the United States (Trisura US). Its segments include the operations of Trisura Canada, comprising surety business underwritten in both Canada and the United States, and risk solutions, fronting and corporate insurance products primarily underwritten in Canada and Trisura US, which provides specialty fronting insurance solutions underwritten in the United States. The main products offered by its surety business line are contract surety bonds, commercial surety bonds, developer surety bonds, and new home warranty insurance. Its contract surety bonds, such as performance and labor and material payment bonds, are primarily for the construction industry.


TSX:TSU - Post by User

Bullboard Posts
Post by mullatschakon Dec 02, 2008 3:23am
392 Views
Post# 15621961

Change of President

Change of President

Hal will remain in the company as chairman of BOD...

Change of President

December 2, 2008 TSX-V/ Oslo Axess: TSU

Vancouver, Canada: - Transeuro Energy Corp. “Transeuro” or the “Company” announces a change of

President 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

“David Parry” Director

For further information contact:

David Parry - Vancouver, Canada Karen O. Jenssen – Oslo, Norway

+1 (604) 681 3939 Phone + 47 917 29 787

dparry@transeuroenergy.com kjenssen@transeuroenergy.com

https://www.transeuroenergy.com

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of

the content of this news release. This press release does not constitute an offer to sell or solicitation of an offer to

sell any of the securities in the United States.

The statements contained in this release that are not historical facts are forward-looking statements, which involve

risks and uncertainties that could cause actual results to differ materially from the targeted results. The Company

relies upon litigation protection for forward looking statements.

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