new listing - Tempest feb09 tmy.a & .b - same mgmt. from Tier One which was sold to then NRK Northrock.
Tempest Energy Corp. - Announcement
Calgary, Alberta - Wednesday, February 7, 2001, 6:59 PM EST
Tempest Energy Corp. ("Tempest"), a new, Calgary-based oil and
gas company which completed its initial public offering in
December, 2000 raising gross proceeds in excess of $7 million,
announces that it has successfully drilled and cased its first
well. The well was drilled on an internally generated exploration
prospect. Tempest operates and has earned an 80% working interest
in the well. Production testing of the well is currently being
undertaken.
In addition, Tempest has entered into a farmout agreement with a
major oil and gas company. Tempest has committed to drill four
exploration natural gas test wells to earn a 50% working interest
in approximately 36 gross sections of land. Subject to rig
availability, Tempest plans to commence drilling these wells in
March, 2001.
Tempest Class A shares and Class B shares are scheduled to be
listed and posted for trading on The Canadian Venture Exchange on
February 9, 2001. The Class A shares and the Class B shares will
trade under the symbols TMY.A and TMY.B, respectively.
For further information contact A. Scott Dawson, President and
Chief Executive Officer of Tempest Energy Corp. at (403)
205-3704.
The Canadian Venture Exchange has neither approved nor
disapproved of the information contained herein. |
