/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, June 12 /CNW/ - Fairmount Energy Inc. ("Fairmount" or the
"Company") (TSX-V - FMT) is pleased to announce the commencement of its 5 well
summer drilling program.
Drilling has commenced on the first (0.5 net) of 2 wells (1 net) planned
for the Gold Creek area in the summer drilling program. These wells are
targeting multi-zone liquid-rich gas and oil.
In addition, as part of Fairmount's strategy in exploring for oil
reserves, the company plans to drill 2 wells (2 net) in the Chin Coulee area
of southern Alberta. These wells are planned for early July as surface
conditions permit. Fairmount will also drill one well (1 net) following up our
January, 2008 discovery in the Thorsby area of west central Alberta.
Fairmount is an emerging junior oil and gas exploration, development and
production company with oil and gas properties located in Alberta, Canada.
Fairmount trades on the TSX Venture Exchange as FMT and currently has
17,184,389 common shares outstanding. Additional information regarding
Fairmount can be found at their website www.fairmountenergy.com and on sedar
This news release contains forward-looking information, including but not
limited to future exploration and development plans. This information relates
to future events or the Company's future performance. All statements other
than statements of historical fact are forward-looking information. By its
nature, forward-looking information involves numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that contribute to
the possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur.
Although the Company believes that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that
such expectations will prove to be correct. The Company can not guarantee
future results, levels of activity, performance, or achievements. Moreover,
neither the Company nor any other person assumes responsibility for the
accuracy and completeness of the forward-looking information. Some of the
risks and other factors, some of which are beyond the Company's control, which
could cause results to differ materially from those expressed in the
forward-looking information contained in this news release include, but are
not limited to failure to obtain industry partner and other third party
consents and approvals, when required; and third party performance of
obligations under contractual arrangements. Subject to the company's
obligations under applicable securities laws, the Company is not under any
duty to update any of the forward-looking information after the date of this
news release to conform such information to actual results or to changes in
the Company's expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Joseph S. Durante, President and CEO,
JDurante@Fairmountenergy.com, Phone (403) 355-0440; or Ryan A. Michaluk, VP
Finance and CFO, RMichaluk@Fairmountenergy.com, Phone (403) 350-0440;
Fairmount Energy Inc., 2200, 520 - 5th Avenue SW, Calgary, Alberta, T2P 3R7,
Phone: (403) 355-0440, Fax: (403) 355-0465; Visit us at our website