TSX Venture Exchange Symbol: DES
CALGARY, May 21 /CNW/ - Desmarais Energy Corporation (TSXV: DES) (the "Corporation" or "Desmarais") has entered into negotiations with a joint venture corporation to expand its pipeline infrastructure in one of its core areas. Upon completion, the new pipeline will facilitate the tie-in of additional wells in inventory which are currently shut-in.
Exploitation and optimization opportunities have been identified in several cased wells where Desmarais has high working interests and operatorship. The Corporation will continue to report on the progress of these operations on a timely basis.
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.
Advisory: This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward looking statements. Although Desmarais believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Desmarais 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. The forward looking statements contained in this press release are made as of the date hereof and Desmarais undertakes no obligation to update publicly or revise any forward looking statements or information, unless so required by applicable securities laws.
SOURCE Desmarais Energy Corporation
For further information: For further information: James G. Long, President, Desmarais Energy Corporation, Tel: (403) 265-8007, Fax: (403) 264-7076, E-mail: firstname.lastname@example.org, Website: www.desmaraisenergy.com