(JEC) TSX
CALGARY, May 13 /CNW/ - Jura Energy Corporation ("Jura") announced today that Nigel McCue has stepped down as President and Chief Executive Officer of the Corporation and has been appointed to the position of Chairman of the Board of Directors. Nigel served as President and CEO of Jura since June 2006. As announced on February 13, 2008, Nigel has joined Lamprell plc (AIM: LAM) as Chief Operating Officer. The board of directors wishes Nigel well in his new venture and is extremely pleased that he will continue with Jura in a vital leadership role.
Graham Garner has been appointed President and CEO on an interim basis. Graham has been part of the company's management team since April of 2003, serving as Executive Vice President from April 2003 until May 2005, as President and CEO from May 2005 until June 2006, and Executive Vice President from June 2006 until the present time. He has also served as a director since May of 2005.
The board of directors extended its thanks to Norman Holton for his service to the company as Chairman of the Board since March 14, 2007. Mr. Holton will continue as a director of Jura.
About Jura:
Jura Energy Corporation is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties with activities conducted exclusively in Pakistan. Jura is based in Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the symbol JEC. Jura Energy Corporation conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Pyramid Energy International Inc., as well as through its 50% interest in the Kandra Power Company (Pvt) Limited.
Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Corporation's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
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