CALGARY, Aug. 28 /CNW/ - Stealth Ventures Ltd. has released its second
quarter 2008 financial report:
Highlights of the report include:
- Increased average production from 64 BOED in the second quarter of
2007 to 236 BOED in the second quarter of 2008
- Increased cash from operations to $370,141 in the second quarter of
2008 from $25,169 in the first quarter of 2008
- More than tripled revenue from oil and gas sales to $1,185,443 for
the second quarter of 2008 as compared to the second quarter of 2007
All information including the second quarter report is available at
www.sedar.com or at its website www.stealthventures.ca. Stealth Ventures Ltd.
is a Calgary-based junior oil and gas company whose expertise and focus is on
"unconventional" gas reserves from shale gas, CBM and tight gas sand
Disclosure provided herein in respect of BOEs may be misleading,
particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead.
STEALTH VENTURES LTD.
Per: DEREK KRIVAK
Chief Executive Officer
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. THIS NEWS
RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE RESULTS
MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.
For further information:
For further information: Derek Krivak, CEO, Mark J. Roth, CFO, Stealth
Ventures Ltd., Tel.: (403) 514-9998, Fax: (403) 514-9995, Emails:
email@example.com; Richard Cohen, Investor Relations, CLARK
AVENUE COMPANY, Tel.: (905) 882-4422, Fax: (905) 882-4435,