CALGARY, March 27, 2013 /CNW/ - Calvalley Petroleum Inc. ("Calvalley" or
the "Company") has filed its annual information form ("AIF"). The AIF
includes information on the Company's reserves and other oil and gas
information. The Company previously filed its audited financial
statements and MD&A on March 7, 2013, and information relating to the
independent evaluation of the Company's reserves was released on
February 19, 2013. Copies of the AIF will be available on SEDAR at www.sedar.com and on the Company's website at www.calvalleypetroleum.com .
The Company is also pleased to announce the commencement of drilling of
the Ras Nowmah South prospect effective March 26, 2013.
The Ras Nowmah South prospect is located on the Umm Er Radhuma Plateau
on a trend between the Ras Nowmah and Al Roidhat pools, approximately 3
kilometers south of the Ras Nowmah 2 well, and aims to test the Qishn
sands and the Saar carbonates.
The primary target is the high porosity and permeability sands of the
Lower Cretaceous Berriasian-Valanginian age Saar Formation carbonates
and the basal sands of the Jurassic Granite Wash. The well is planned
to be drilled to a total depth of 1,567 meters.
Calvalley is an international oil and gas company, with offices in
Calgary, Alberta, Canada, that operates its 50% working interest in
Block 9 of the Masila Basin, in The Republic of Yemen.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release may contain forward-looking statements. Words such as
"may", "will", "should", "could", "anticipate", "believe", "expect",
"intend", "plan", "potential", "continue", and similar expressions may
have been used to identify these forward-looking statements. These
statements reflect management's current beliefs and are based on
information currently available to management. Forward-looking
statements involve significant risk and uncertainties. A number of
factors could cause actual results to differ materially from the
results discussed in the forward-looking statements including, but not
limited to, operational risks, availability of supplies and services,
potential delays or changes in plans with respect to exploration or
development projects or capital expenditures, delays and interruptions
in drilling and completion activities for undetermined periods, success
in drilling activities, changes in general economic and market
conditions and other risk factors. Although the forward-looking
statements contained herein are based upon what management believes to
be reasonable assumptions, management cannot assure that actual results
will be consistent with these forward-looking statements. Investors
should not place undue reliance on forward-looking statements. The
forward-looking statements contained herein are expressly qualified in
their entirety by this cautionary statement. The forward-looking
statements included in this press release are made as of the date of
this press release and Calvalley assumes no obligation to update or
revise them to reflect new events or circumstances except as expressly
required by applicable securities law.
SOURCE: Calvalley Petroleum Inc.
For further information:
firstname.lastname@example.org or +1 (403) 297-0490
Edmund Shimoon, Chairman and CEO
Gerry Elms, CFO