/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES./
CALGARY, Sept. 8 /CNW/ - Alberta Clipper Energy Inc. ("Alberta Clipper"
or the "Company") is hereby advising of a temporary production disruption in
the Trutch area of Northeast British Columbia ("NEBC"). Due to a landslide
resulting in the shut down of a third party's gas gathering pipeline, Alberta
Clipper has been unable to deliver gas to the Caribou Gas Plant for gas
processing and delivery to sales pending repairs and re-commissioning of the
Caribou North Pipeline. Based on current information, Alberta Clipper expects
to resume delivery of gas within 3-5 days which will result in a total of 12
-14 days of downtime. The Company's production from Trutch is approximately
500 boe/day or approximately 15% of Alberta Clipper's corporate production.
Alberta Clipper Energy Inc. is a publicly traded Canadian energy company
involved in the exploration, development, and production of natural gas and
crude oil in western Canada.
This press release contains forward-looking statements. More
particularly, this press release contains statements concerning Alberta
Clipper's rates of production of oil and natural gas for 2008 and operational
timing. The forward-looking statements are based on certain key expectations
and assumptions made by Alberta Clipper, including availability and cost of
labor and services and the timing of receipt of regulatory approval.
Boe Presentation - Barrels of oil equivalent ("Boe") may be misleading,
particularly if used in isolation. A Boe conversion rate of 6 Mcf:1 Bbl is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead. All Boe
conversions in the report are derived by converting gas to oil at the ratio of
six thousand cubic feet of gas to one barrel of oil.
Although Alberta Clipper believes that the expectations and assumptions
on which the forward-looking statements are based are reasonable, undue
reliance should not be placed on the forward-looking statements because
Alberta Clipper can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a
number of factors and risks. These include, but are not limited to, the risks
associated with the oil and gas industry in general (e.g., operational risks
in development, exploration and production; delays or changes in plans with
respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production, costs and expenses, and health, safety and
environmental risks), commodity price and exchange rate fluctuations and
uncertainties resulting from potential delays or changes in plans with respect
to exploration or development projects or capital expenditures. These risks
are set out in more detail in Alberta Clipper's annual information form for
the year ended December 31, 2007, which can be accessed at www.sedar.com.
The forward-looking statements contained in this press release are made
as of the date hereof and Alberta Clipper 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 securities laws.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction. The
securities offered have not and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold in the United States except in
certain transactions exempt from the registration requirements of the U.S.
Securities Act and applicable states securities laws.
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Not for
distribution to U.S. newswire services or for dissemination in the United
States. Any failure to comply with this restriction may constitute a violation
of U.S. securities law.
For further information:
For further information: Kel Johnston, President & C.E.O, Alberta
Clipper Energy Inc., Telephone: (403) 440-3474, Facsimile: (403) 440-3475,