Coalbed Methane (CBM) Corral Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Coalbed Methane (CBM) Corral

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: LoneClone	2/11/2009 9:34:20 AM
	of 365

Stealth Divests Non-core Assets Wed Feb 11, 9:00 AM ca.news.finance.yahoo.com SLV tsx-venture CALGARY, Feb. 11 /CNW/ - Stealth Ventures Ltd. ("Stealth" or the "Company") is pleased to announce that it has closed the sale of its Stellarton Basin Coalbed Methane assets, subject to formal Government of Nova Scotia approval. The purchaser East Coast Energy Inc. (ECE) is a private oil and gas company incorporated in Ontario, with an office in Stellarton Nova Scotia, whose mandate and focus is east coast oil and gas exploration and development. In consideration Stealth recovered its performance bond and took a 1,000,000 share equity position in ECE. In addition to the Stellarton divestiture the Company sold its working interest in the Elcott, Weyburn and Ferrier oil and gas properties in Saskatchewan and Alberta. The non-operated assets were sold to a private consortium in exchange for a cash payment of $600,000 Canadian dollars. This transaction is scheduled to close by the end of February. Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose expertise and focus is on "unconventional" gas reserves from shale gas, CBM and tight gas sand reservoirs. STEALTH VENTURES LTD. "Derek Krivak" Per: DEREK KRIVAK Chief Executive Officer THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. Contacts Derek Krivak CEO Mark J. Roth CFO Stealth Ventures Ltd. Tel.: (403) 514-9998 Fax: (403) 514-9995 Emails: investorrelations@stealthventures.ca Richard Cohen Investor Relations Clark Avenue Company Tel.: (905) 882-4422 Fax: (905) 882-4435 Email: clarkavenue@rogers.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next