CALGARY, ALBERTA--(Marketwire - Sept. 25, 2012) - Further to the Company's press release of July 24, 2012, Parkland (TSX VENTURE:PKE) has been advised by the TSX Venture Exchange that the shares of Company are scheduled to be reinstated to trading effective the opening Wednesday, September 26, 2012.
Parkland is pleased to announce that Shawn Woitas has been appointed Director of Parkland Energy Services Inc. effective October 1, 2012, subject to Exchange approval. Mr. Woitas has over 20 years of experience in the production aspect of the Alberta oilfield industry. He is currently a production consultant in the oilfield under his own name throughout Central Alberta and will bring extensive knowledge to Parkland's Board of Directors in this regards. Parkland recently has restructured its resources to focus on the production of oil & gas through non-operational working interests in the U.S.A. and Mr. Woitas' vast knowledge surrounding oil & gas production will be a valuable addition to Parkland's Board of Directors.
Subsequent to the Press Releases filed on April 4, 18 and August 1, 2012, Parkland is still in legal proceedings with Univalor Trust SA. The Company has approached Univalor to begin informal negotiations but has not resulted as of yet in any formal agreement or action on either party's part. Parkland is hopeful that the informal talks could lead to sort of resolution without having to go to court. There has been no action taken on either side since July 4, 2012.
Parkland is a company based in Red Deer, Alberta which holds non-operational working interests in foreign oil wells. The company's common shares are listed on the TSX Venture Exchange and trade under the symbol "PKE".
This document may contain "forward-looking statements" within the meaning of Canadian securities legislation. These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Forward-looking statements relate to future events or future performance and reflect management of the Company's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of hydrocarbon reserves and resources, the realization of reserve and resource estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of drilling and development operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of hydrocarbon resources; production or recovery rates; accidents, Labor disputes and other risks of the oil and gas industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking statements.
TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.