Griffiths Energy International Announces the Acquisition of an Additional Block in Chad and Reserves and Resources Information Available on Its Website


CALGARY, Sept. 19, 2011 /CNW/ - Griffiths Energy International Inc. ("Griffiths" or the "Company"), a privately held energy company, is pleased to announce that a wholly-owned subsidiary of Griffiths has entered into a production sharing contract ("PSC") with the Government of Chad for the DOH (N'Donambo) block. The newly acquired block has, in the opinion of management, the potential to contain resources and commercially viable undeveloped oil reserves. Currently, prospects have been identified by management on 2D seismic.  To date, only one well, N'Donambo-1, has been drilled by a prior operator in the DOH block.  The N'Donambo-1 well identified approximately 119 feet of net oil pay in the Cretaceous B, C and D sands but was not tested by the previous operator.  The block covers approximately 826 km2 in Southern Chad within the Doba basin and is prospective for light crude oil.

Mr. Gary Guidry, President and Chief Executive Officer of Griffiths said "We are delighted to have secured the additional block through a competitive process and increase our investment in the Republic of Chad. A third party reserve engineering firm has been engaged to evaluate the Company's interests in the new DOH block.  The DOH asset compliments the Company's portfolio of exploration and development assets in the Republic of Chad."

The Company is also pleased to announce that information relating to its reserves, contingent resources and prospective resources has been posted on its website at

The information relating to reserves and contingent resources has been evaluated by GLJ Petroleum Consultants Ltd. ("GLJ"), an independent petroleum consulting firm located in Calgary, Alberta. Information relating to prospective resources has been prepared by management of the Company.

About Griffiths Energy International Inc.

Griffiths is a privately held Canadian energy company involved in the exploration, development and production of oil in the Republic of Chad in Africa. Through wholly-owned subsidiaries, the Company is a party to three production sharing contracts with the Government of Chad which provide the Company with the exclusive rights to develop: (i) the Chari-Ouest (Borogop) and Chari-Doseo blocks in Southern Chad in the Doseo and Eastern Doba basin; (ii) the DOB (Mangara) and DOI (Badila) blocks; and (iii) the DOH (N'Donambo) block.

Forward looking Statements or Information and Resource Advisory

Certain statements included in this press release constitute forward-looking statements or forward-looking information under applicable securities legislation. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project" or similar words suggesting future outcomes, anticipated events or results or statements regarding an outlook. Forward-looking statements or information in this press release may include, but are not limited to, statements or information with respect to potential reserves and resources; seismic results; oil pay estimates; business strategy and objectives; and development and exploration plans. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding, among other things, the resource and reserve potential of the newly acquired DOH block. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used.

Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Company and described in the forward-looking statements or information. The exploration, appraisal and development of crude oil reserves and resources is speculative and involves a significant degree of risk.  There is no guarantee that exploration of the DOH block will lead to a commercial discovery or, if there is commercial discovery, that the Company will be able to realize reserves as intended.  Few properties that are explored are ultimately developed into new reserves.  In addition, the Company's operations are subject to all the risks normally incident to the exploration for, and development and production of, crude oil, including encountering unexpected formations or pressures, premature declines in reservoirs, potential environmental damage, blow-outs and fires. 

The Company's interest in any resources and reserves which may ultimately be identified on the DOH block will be subject to the terms and conditions of the PSC. 

The forward-looking statements or information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise unless required by applicable securities laws. The forward looking statements or information contained in this press release are expressly qualified by this cautionary statement.

Additional Advisories

The common shares of Griffiths have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and all applicable state securities laws.  This press release does not constitute an offer to sell or the solicitation of an offer to buy the common shares in the United States or to, or for the account or benefit of, U.S. persons.

SOURCE Griffiths Energy International Inc.

For further information:

Gary Guidry
President and Chief Executive Officer         
Trevor Peters
Chief Financial Officer

Profil de l'entreprise

Griffiths Energy International Inc.

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