Compton Announces Asset Sales

    CALGARY, June 25 /CNW/ - Compton Petroleum Corporation (TSX - CMT, NYSE -
CMZ) is pleased to announce the results of the sale of certain non-core
assets. These property sales are entirely consistent with our efforts over the
past year to focus Compton as a relatively pure play unconventional natural
gas company.
    Strong bids were received for all five of the minor non-core asset
packages offered for sale. The Company has accepted offers to purchase on four
packages at Cecil, Zama, Thornbury, and the Peace River Arch. The offers total
approximately $218 million in the aggregate and relate to approximately
3,700 boe/d of production comprised of approximately 14.3 mmcf/d of natural
gas and 1,300 bbls/d of natural gas liquids and crude oil. The Cecil property
sale is the largest of these transactions and the majority of the property is
subject to rights of first refusal. It is expected that clearing these rights
will take until mid-summer and closing will occur shortly thereafter. The
remaining property sales are also expected to close by mid-summer. The
proceeds from these divestments will be utilized to reduce bank debt. We are
currently in the process of finalizing the annual mid-year review of our
authorized credit facilities which has factored in the impact of these
divestitures. Current indications from the banking syndicate are that the
property divestitures will not impact the authorized credit facilities and
that we will maintain the current $500 million authorization.
    The Company has elected to retain ownership of the fifth property package
at Bigoray as this property is complimentary to Compton's core area operations
in the highly competitive area of central Alberta at Niton and Edson.
    Subsequent to the closing of these property sales, Compton's activities
will be focused entirely in central Alberta and the Rock Creek/Gething natural
gas plays at Niton/Edson, and in southern Alberta including the Basal Quartz
play at Hooker, the Plains Belly River play, and the thrusted Belly River
formation in the foothills.

    Certain information regarding the Company contained herein constitutes
forward-looking information and statements and financial outlooks
(collectively, "forward looking statements") under the meaning of applicable
securities laws, including Canadian Securities Administrators' National
Instrument 51-102 Continuous Disclosure Obligations and the United States
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include estimates, plans, expectations, opinions, forecasts, projections,
guidance, or other statements that are not statements of fact, including
statements regarding (i) cash flow and capital and operating expenditures,
(ii) exploration, drilling, completion, and production matters, (iii) results
of operations, (iv) financial position, and (iv) other risks and uncertainties
described from time to time in the reports and filings made by Compton with
securities regulatory authorities. Although Compton believes that the
assumptions underlying, and expectations reflected in, such forward-looking
statements are reasonable, it can give no assurance that such assumptions and
expectations will prove to have been correct. There are many factors that
could cause forward-looking statements not to be correct, including risks and
uncertainties inherent in the Company's business. These risks include, but are
not limited to: crude oil and natural gas price volatility, exchange rate
fluctuations, availability of services and supplies, operating hazards, access
difficulties and mechanical failures, weather related issues, uncertainties in
the estimates of reserves and in projection of future rates of production and
timing of development expenditures, general economic conditions, and the
actions or inactions of third-party operators. The forward-looking statements
contained herein are made as of the date of this news release solely for the
purpose of generally disclosing Compton's updated strategic plans, capital
program and budget targets for 2008. Compton may, as considered necessary in
the circumstances, update or revise the forward-looking statements, whether as
a result of new information, future events, or otherwise. Compton cautions
readers that the forward-looking statements may not be appropriate for
purposes other than their intended purposes. The Company's forward-looking
statements are expressly qualified in their entirety by this cautionary

    Compton Petroleum Corporation is a Calgary-based public company actively
engaged in the exploration, development, and production of natural gas,
natural gas liquids, and crude oil in the Western Canada Sedimentary Basin.
Compton's shares are listed on the Toronto Stock Exchange under the symbol CMT
and on the New York Stock Exchange under the symbol CMZ.

    %SEDAR: 00003803E          %CIK: 0001043572

For further information:

For further information: E.G. Sapieha, President & CEO, N.G. Knecht, VP
Finance & CFO, or Lorna Klose, Manager of Investor Relations, Telephone: (403)
237-9400, Fax (403) 237-9410, Website:, Email:

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