Caracal Energy Inc. Filing of Preliminary Base Shelf Prospectus in Canada

CALGARY, Oct. 11, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company"), (LSE: CRCL), announces that it has filed a preliminary short form base shelf prospectus ("Preliminary Base Shelf Prospectus") with the securities regulatory authorities in each of the Provinces of Canada, other than the Province of Quebec.

The Canadian regime of a base shelf prospectus allows the Company to offer common shares, subscription receipts, warrants and debt securities (collectively, the "Securities") or any combination thereof up to an aggregate offering price of US$1,000,000,000 during a 25-month period that a base shelf prospectus remains effective. Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying supplement that would be also provided with the base shelf prospectus to investors. Unless otherwise specified in a supplement, the net proceeds from the sale of the Securities under this regime would be used for general corporate purposes, to repay indebtedness and to fund capital expenditures.

Caracal has filed this Preliminary Base Shelf Prospectus to maintain financial flexibility and to have the ability to offer the Securities on an accelerated basis, once a supplement is filed over the 25-month time frame. There is no certainty that any offering of Securities will occur under this regime within the 25-month period.

A copy of the Preliminary Base Shelf Prospectus will be available on SEDAR (

About Caracal Energy Inc.

Based in Canada, Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company entered into three production sharing contracts ("PSCs") from the government of the Republic of Chad. These PSCs provide exclusive rights to explore and develop reserves and resources over a combined area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil basins with development opportunity, oil discoveries, and numerous exploration prospects.

Cautionary Statement

Certain of the information contained in this press release constitutes forward-looking statements under applicable securities law, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements are often identified by terms such as "may," "should," "would," "anticipate," "expects," "seeks" and similar expressions. Although Caracal believes that the expectations and assumptions on which such forward-looking statements and information are reasonable, undue reliance should not be placed on the forward-looking statements and information because Caracal can give no assurance that such statements and information will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

SOURCE: Caracal Energy Inc.

For further information:

Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer

Longview Communications - Canadian Media Enquiries
Alan Bayless

Joel Shaffer

FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113

Profil de l'entreprise

Caracal Energy Inc.

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