AUSTIN, Texas, May 31 /Xinhua-PRNewswire/ -- Texas American Resources - Asia, Ltd. (collectively referred to herein as "TARA" or the "Company") announced today the departure of Changlin Wu as President and Country Manager to pursue other interests. David Honeycutt, Chairman, will assume his responsibilities.
ABOUT TEXAS AMERICAN RESOURCES - ASIA, LTD.
Texas American Resources - Asia, Ltd. (TARA), conducts upstream activities in China. Headquartered in Beijing, TARA's principal assets consist of 2 blocks in the Pearl River Area of the South China Sea, making TARA the first private company to have assets in the South China Sea. In total, TARA's offshore blocks cover approximately 4.5 million acres.
LEGAL DISCLOSURE: Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, particularly any express or implied statements concerning future financial condition or operating results. Although Management believes that the expectations reflected herein are reasonable, the matters discussed in this release involve risks, uncertainties, and other factors that may delay, prevent or adversely affect the transaction or the Company's planned activities and operations. There can be no assurance that such expectations will prove correct. All forward-looking statements are expressly qualified by this cautionary statement.
