Stealth Ventures Ltd. Announces 2nd Quarter 2008 Financial Results



    SLV tsx-venture

    CALGARY, Aug. 28 /CNW/ - Stealth Ventures Ltd. has released its second
quarter 2008 financial report:

    
    Highlights of the report include:

    -   Increased average production from 64 BOED in the second quarter of
        2007 to 236 BOED in the second quarter of 2008
    -   Increased cash from operations to $370,141 in the second quarter of
        2008 from $25,169 in the first quarter of 2008
    -   More than tripled revenue from oil and gas sales to $1,185,443 for
        the second quarter of 2008 as compared to the second quarter of 2007
    

    All information including the second quarter report is available at
www.sedar.com or at its website www.stealthventures.ca. Stealth Ventures Ltd.
is a Calgary-based junior oil and gas company whose expertise and focus is on
"unconventional" gas reserves from shale gas, CBM and tight gas sand
reservoirs.

    Disclosure provided herein in respect of BOEs may be misleading,
particularly if used in isolation. A BOE conversion ratio 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.

    
    STEALTH VENTURES LTD.

    "Derek Krivak"

    Per: DEREK KRIVAK
    Chief Executive Officer

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
    RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
    MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.
    

    %SEDAR: 00008195E




For further information:

For further information: Derek Krivak, CEO, Mark J. Roth, CFO, Stealth
Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995, Emails:
investorrelations@stealthventures.ca; Richard Cohen, Investor Relations, CLARK
AVENUE COMPANY, Tel.: (905) 882-4422, Fax: (905) 882-4435,
clarkavenue@rogers.com

Organization Profile

STEALTH VENTURES LTD.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890