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Apr 15, 2008 00:15 ET
Transeuro Energy Corp.: Options Granted
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2008) - Transeuro
Energy Corp. ("Transeuro") (TSX VENTURE:TSU)(OSLO:TSU) has granted a
total of 3,425,000 stock incentive stock options to directors,
employees and consultants of the Company. The exercise price of the
stock options is $0.25 per share. The stock options will have a term
of five years. The grant of the stock options are subject to
regulatory and exchange approval.
David Cohen has stepped down as a director in order to concentrate on
other commitments. The Board and Management wish David well and thank
him for his guidance during his tenure.
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, Ukraine, Armenia and in Papua New
Guinea through majority ownership in Eaglewood Energy Inc.
On behalf of the Board of Directors
Harold Hemmerich, President and CEO
For further information contact:
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 securities have not been and will not be registered under
the United States Securities Act 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
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.
Barrel of oil equivalent ("boe") amounts may be misleading,
particularly if used in isolation. A boe conversion ratio has been
calculated using a conversion rate of six thousand cubic feet of
natural gas to one barrel and is based on an energy equivalent
conversion method application at the burner tip and does not
necessarily represent an economic value equivalent at the wellhead.
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of the content of this
news release.
From: Emil Lazarian | Ararat NewsPress
Transeuro Energy Corp.: Options Granted
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2008) - Transeuro
Energy Corp. ("Transeuro") (TSX VENTURE:TSU)(OSLO:TSU) has granted a
total of 3,425,000 stock incentive stock options to directors,
employees and consultants of the Company. The exercise price of the
stock options is $0.25 per share. The stock options will have a term
of five years. The grant of the stock options are subject to
regulatory and exchange approval.
David Cohen has stepped down as a director in order to concentrate on
other commitments. The Board and Management wish David well and thank
him for his guidance during his tenure.
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, Ukraine, Armenia and in Papua New
Guinea through majority ownership in Eaglewood Energy Inc.
On behalf of the Board of Directors
Harold Hemmerich, President and CEO
For further information contact:
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 securities have not been and will not be registered under
the United States Securities Act 1933, as amended (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
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.
Barrel of oil equivalent ("boe") amounts may be misleading,
particularly if used in isolation. A boe conversion ratio has been
calculated using a conversion rate of six thousand cubic feet of
natural gas to one barrel and is based on an energy equivalent
conversion method application at the burner tip and does not
necessarily represent an economic value equivalent at the wellhead.
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for the adequacy or accuracy of the content of this
news release.
From: Emil Lazarian | Ararat NewsPress