CALGARY, Nov. 29, 2013 /CNW/ - Stream Oil & Gas Ltd. (TSXV: SKO)
("Stream" or the "Company") is pleased to announce the signing of the
foreign investment promotion and protection agreement ("FIPA") between
Canada and Albania. FIPA is a treaty designed to promote and protect
Canadian investment abroad, providing investors the confidence to
support further development in Albania.
Canada's Honourable Ed Fast, Minister of International Trade, announced
that the negotiations had been finalized on a FIPA between Canada and
Albania at Albania's Independence Day reception in Ottawa on November
27, 2013. More information can be located on the Canadian government's
"Minister Fast's announcement supports our belief that Albania is a
desirable business environment," said Dr. Kapotas, President and Chief
Executive Officer. "This agreement is very encouraging as it validates
our continuing confidence in Albania's stability and legitimacy under
the newly elected government. We are pleased to continue our
operations in Albania, contributing to the country's development."
About Stream Oil & Gas Ltd.
Stream Oil & Gas Ltd. is a Canadian-based emerging oil and gas
production, development and exploration company focused on the
re-activation and re-development of three oilfields and a
gas/condensate field in Albania. The Company's strategy is to use
proven technology, incremental and enhanced oil recovery techniques to
significantly increase production and reserves.
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.
SOURCE: Stream Oil & Gas Ltd.
For further information:
Dr. Sotirios Kapotas President & Chief Executive Officer P: (403) 531-2358
Susan J. Soprovich, Interim Corporate Secretary P: (403) 874-2903