TSX-V Symbol "AEC"
CALGARY, March 25 /CNW/ - Action Energy Inc. ("Action" or the "Company")
a Calgary, Alberta-based emerging oil and natural gas exploration and
production company, announced today that it intends to file Form 15F with the
United States Securities and Exchange Commission (SEC) to terminate the
registration of the Company's class of common shares under Section 12(g) as
well as its reporting obligations under sections 13(a) and 15(d) of the United
States Securities Exchange Act of 1934, as amended (Exchange Act). The Company
succeeded to the reporting responsibilities of Rolling Thunder Exploration
Ltd. as a result of the combination of the two companies in August 2007.
Because Rolling Thunder filed a Form 15F on its own behalf dated June 22,
2007, the U.S. reporting obligations have been suspended since that date.
Action's reporting obligations in the U.S. will terminate after 90 days
of the filing, barring any objections from the SEC.
Action is a Calgary based oil-weighted, publicly traded junior E&P
company that achieved a public listing through the reverse takeover of High
Plains Energy Inc. in November 2006. It has a large, diversified asset base
focused on three core areas in Western Canada and has a balanced mix of
exploration and development opportunities concentrated in core areas in
central Alberta, southern Alberta and southern Saskatchewan.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information, the full 2006 Annual Report to Shareholders and
Annual Information Form have been posted on the Company's website:
www.action-energy.com or, alternatively, can be viewed at www.sedar.com.
For further information:
For further information: Kelly D. Kerr, Vice-President, Finance and CFO
Action Energy Inc., Telephone: (403) 723-4454; ACTION ENERGY INC., Suite 800,
350 - 7TH Avenue S.W., Calgary, Alberta, T2P 3Y3, Phone: (403) 264-1112, Fax:
(403) 264-1116, Website: www.action-energy.com