HOUSTON, July 24, 2012 /CNW/ - Enhanced Oil Resources Inc. (OTCQX: EORIF; TSX.V: EOR, the Company) and OTC Markets Group Inc. (OTCQX: OTCM), today announced that the Company is now trading on the
highest tier of the OTC market, OTCQX® under the symbol EORIF
Enhanced Oil Resources began trading today on the OTC market's
prestigious tier, OTCQX International. Investors can find current
financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"OTCQX companies demonstrate their commitment to providing superior
information to investors and maintaining the highest quality
standards," said R. Cromwell Coulson, President and Chief Executive
Officer of OTC Markets Group. "We are pleased to welcome Enhanced Oil
Resources to OTCQX."
Merriman Capital, Inc. will serve as Enhanced Oil Resources' Principal
American Liaison ("PAL") on OTCQX, responsible for providing guidance
on OTCQX requirements and U.S. securities laws.
Barry Lasker, CEO and President of Enhanced Oil Resources states, "The
Company is pleased to begin trading on the OTCQX. This move will
increase the Company's exposure with both institutional and retail
investors within the United States. Broadening our audience and
potential investor base is a key focal point, especially during our
current infill lateral drilling program. Trading on the OTCQX
marketplace is in addition to our current TSX.V listing".
About Enhanced Oil Resources Inc.
Enhanced Oil Resources Inc. (OTCQX: EORIF; TSX.V: EOR) trades in the
United States on OTCQX under the symbol "EORIF", and in Canada on the
TSX Venture Exchange under the symbol "EOR". Enhanced Oil Resources
Inc. is an early-stage company, with a principal goal of increasing
crude oil and natural gas production through enhanced oil recovery
("EOR") and infill drilling projects it is initiating in the Permian
Basin on oil fields acquired by the Company in 2007 and 2008 for that
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest Open, Transparent and
Connected financial marketplace platform. Our OTC Link® ATS directly links a diverse network of broker-dealers that provide
liquidity and execution services in almost 10,000 equity and debt
securities. We organize these securities into marketplaces to inform
investors of opportunities and risks - OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our information and data-driven platform
enables trading through any broker at the best possible price and
empowers companies to improve the quality and availability of
information for their investors. To learn more about how we create
smarter financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC
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Media Contact for OTC Markets Group:
Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
Certain statements contained herein are "forward-looking statements" and
"forward-looking information" under applicable securities laws,
including statements regarding beliefs, plans, expectations or
intentions regarding the future relating to Enhanced Oil Resources
Inc.'s operations, business prospects, expansion plans and strategies.
Forward-looking information typically contains statements with words
such as "intends", "anticipate", "estimate", "expect", "potential",
"could", "plan" or similar words suggesting future outcomes. Readers
are cautioned not to place undue reliance on forward-looking statements
because it is possible that expectations, predictions, forecasts,
projections and other forms of forward-looking information will not be
achieved. Forward-looking statements are based on the opinion and
estimates of management at the date the statements are made, and are
based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. Although Enhanced Oil Resources believes
that the expectations reflected in such forward-looking statements are
reasonable, Enhanced Oil Resources can give no assurance that such
expectations will prove to be correct. Readers should refer to
Enhanced Oil Resources' current filings, which are available at
www.sedar.com, for a detailed discussion of these factors, risks and
uncertainties. The forward-looking statements or information contained
in this news release are made as of the date hereof and Enhanced Oil
Resources undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by
applicable laws or regulatory policies.
ON BEHALF OF THE BOARD OF DIRECTORS
Barry D Lasker, CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE: Enhanced Oil Resources Inc.
For further information:
For more information about Enhanced Oil Resources Inc. please visit our Website at www.enhancedoilres.com. or please call Don Currie on 1-888-990-3551.