TORONTO, Nov. 17, 2011 /CNW/ - Petromanas Energy Inc. ("Petromanas", or
the "Company") (TSXV:PMI) today announced that it has filed its
financial statements and related Management's Discussion and Analysis
("MD&A") for the three and nine months ended September 30, 2011 on
SEDAR. The financial statements and MD&A will be available on the
Company's website www.petromanas.com or at www.SEDAR.com.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the
exploration and development of its assets in Albania. Petromanas,
through its wholly-owned subsidiary, holds three Production Sharing
Contracts ("PSCs") with the Albanian government. Under the terms of the
PSCs, Petromanas has a 100% working interest in six onshore blocks
(Blocks A, B, D, E, 2 and 3) that comprise more than 1.4 million acres
across Albania's Berati thrust belt.
Neither 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.
The foregoing information may contain forward-looking information
relating to the future performance of the Company. Forward looking
information is subject to a number of known and unknown risks,
uncertainties and other factors that may cause actual results to differ
materially from those anticipated in our forward looking statements.
Such risks and other factors include, among others, the actual results
of exploration activities, changes in world commodity markets or equity
markets, the risks of the petroleum industry including, without
limitation, those associated with the environment, delays in obtaining
governmental approvals, permits or financing or political risks in the
completion of development or construction activities, title disputes,
change in government and changes to regulations affecting the oil and
gas industry, and other risks and uncertainties detailed from time to
time in the Company's filings with the Canadian securities
administrators (available at www.SEDAR.com). If the Company does not identify a suitable joint venture partner
then the costs to explore and develop the resources will be borne
entirely by the Company which may require additional capital.
Forward-looking statements are made based on various assumptions and on
management's beliefs, estimates and opinions on the date the statements
are made. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in the forward-looking
information contained herein. The Company undertakes no obligation to
update forward-looking statements if these assumptions, beliefs,
estimates and opinions or other circumstances should change, except as
required by applicable law.
SOURCE Petromanas Energy Inc.
For further information:
| Glenn McNamara, CEO |
Hamid Mozayani, COO Bill Cummins, CFO
Petromanas Energy Inc.
Suite 1720, 734 - 7th Avenue SW
Canada T2P 3P8
Tel: +1 403 457 4400
Fax: +1 403 457 4480
| || || || || The Equicom Group |
300 5th Ave. SW, 10th Floor
Calgary, Alberta T2P 3C4
Tel: +1 403 218 2835
Fax: +1 403 218 2830