CALGARY, June 15 /CNW/ - Stylus Energy Inc. ("Stylus" or "the Company")
is pleased to announce that it has closed the previously announced disposition
of certain non-producing, non-core assets for total proceeds of $12 million,
before closing adjustments. The proceeds have been applied to outstanding bank
debt, thereby reducing the Company's current net debt to approximately
In addition, an updated corporate presentation prepared for the CAPP Oil
& Gas Investment Symposium in Calgary, June 18-20, 2007, is now available on
the Stylus website at www.stylusenergy.com and will be webcast on Tuesday,
June 19, 2007 at 3:25 p.m. Mountain Standard Time.
Stylus is a Calgary based junior oil and natural gas company with
operations in Alberta. The common shares of Stylus are listed on the Toronto
Stock Exchange and trade under the symbol "STY".
For further information:
For further information: Stylus Energy Inc., William F. Dyer, VP,
Finance & CFO, P: (403) 517-8790, F: (403) 517-8798, E: