TSX-V SYMBOL: MTZ
CALGARY, April 30, 2015 /CNW/ - Montana Exploration Corp. ("Montana") announces that it has filed its financial and operating results for the fiscal year ended December 31, 2014. Montana has filed its audited Financial Statements and related Management's Discussion and Analysis for the year ended December 31, 2014. Montana has also filed the disclosure and reports relating to reserves data and other oil and gas information required by National Instrument 51-101, Standards of Disclosure for Oil and Gas Activities. A copy of these documents may be obtained via the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
Management of Montana would like to thank shareholders for their continued support during a challenging time in the oil and gas markets. During 2014 Montana made progress on the evaluation of the companies Shaunavon oil play. Our prospect inventory now includes 13 excellent leads on our large acreage block. Risk dollars are relatively low at approximately $300,000 (USD) to drill and log conventional vertical wells at 4,100 feet depth and five prospects are drill ready. Discussions are far advanced with equity providers and a potential merger candidate with cash.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution Regarding Forward Looking Information
Certain statements contained in this document constitute "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as forward-looking statements). Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" "propose" or similar words suggesting future outcomes or language suggesting an outlook.
Forward-looking statements and information contained in this press release are based on our current beliefs as well as assumptions made by, and information currently available to, us. Although we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.
By their very nature, the forward-looking statements included in this press release involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the volatility of oil and gas prices; production and development costs and capital expenditures; the imprecision of reserve estimates and estimates of recoverable quantities of oil, natural gas and liquids; Montana's ability to replace and expand oil and gas reserves; environmental claims and liabilities; incorrect assessments of value when making acquisitions; increases in debt service charges; the loss of key personnel; the marketability of production; defaults by third party operators; unforeseen title defects; fluctuations in foreign currency and exchange rates; inadequate insurance coverage; compliance with environmental laws and regulations; changes in tax and royalty laws; Montana's ability to access external sources of debt and equity capital; and Montana's ability to obtain equipment in a timely manner to carry out development activities. Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Montana, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements contained in this press release are made as of the date of this document and we do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
SOURCE Montana Exploration Corp.
For further information: Charles Selby, Chairman & CEO, Telephone: (403) 265 9091 (ext 247), Fax: (403) 265 9021, Email: [email protected]; Don Foulkes, President, Telephone: (403) 265 9091 (ext 248), Fax: (403) 265 9021, Email: [email protected]