Competion of Sale of Turkish Business


 

TIDMSE. 
 
RNS Number : 7827L 
Stratic Energy Corporation 
12 May 2010 
 

 
 
 
                                  NEWS RELEASE 
 
                     Completion of Sale of Turkish Business 
 
CALGARY and LONDON, May 12, 2010 - Stratic Energy Corporation (TSX Venture: 
'SE', AIM 'SE.') ("Stratic" or the "Company") announces it has today completed 
the sale of its Turkish business, agreement for which was previously announced 
on May 7, 2010. 
 
For further information contact: 
 
Kevin Watts, Chief Executive Officer 
  +44 20 7766 7900 
John van der Welle, Chief Financial Officer 
+44 20 7766 7900 
Mark Bilsland, Chief Operating Officer 
 +44 20 7766 7900 
 
Patrick d'Ancona, M:Communications 
+44 20 7920 2347 
 
Canadian Investor Relations 
Roger Fullerton 
                +1 952 929 7243 
Email: roger.fullerton@straticenergy.com 
 
Website: www.straticenergy.com 
 
About Stratic: Stratic Energy Corporation is a Canadian incorporated 
international oil and gas business which is engaged in the appraisal, 
development and production of petroleum and natural gas discoveries, 
supplemented by an exploration program. As a result of the worldwide credit 
crisis, which has particularly affected the Company in view of the capital 
intensive nature of its strategy, Stratic has been involved in a major 
restructuring program over the last twelve months to reduce debt levels and 
create financial flexibility. In future the business will be focused on the 
North Sea for its cash flow generating ability (West Don) and near term 
development investment opportunity (Crawford), whereas its exploration effort 
will be increased and concentrated on lower cost areas and potential company 
changing opportunities. Stratic's shares are listed on the TSX Venture Exchange 
in Toronto and on AIM, London and its principal operating office is in London, 
UK. 
 
Forward-looking statements 
 
This news release contains certain forward looking statements, which involve 
assumptions with respect to future plans, production levels and results, and 
capital expenditures. The reader is cautioned that all such forward looking 
statements involve substantial risks and uncertainties and the assumptions used 
in their preparation may not prove to be correct. Stratic's actual results could 
differ materially from those expressed in, or implied by, these forward looking 
statements and accordingly, the forward looking statements are qualified by 
reference to these cautionary statements. The forward looking statements 
contained herein are made as at the date of this news release. Stratic 
undertakes no obligation to update or publicly revise forward looking statements 
or information unless so required by applicable securities laws. 
 
TSX-V and AIM notifications 
 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
 
Stratic's Chief Operating Officer, Dr Mark Bilsland BSc (geology), PhD 
(petroleum petrophysics), and member of the SPE, is the qualified person who has 
reviewed and approved the technical information in this announcement for the 
purposes of the AIM Rules for Companies (incorporating the Guidance Note for 
Mining, Oil and Gas Companies). 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISBBGDULGBBGGD

Stratic Energy (LSE:SE.)
過去株価チャート
から 5 2024 まで 6 2024