Tudor Corporation Ltd. files its June 30, 2007 year end disclosure documents


    CALGARY, Nov. 30 /CNW/ - Tudor Corporation Ltd. ("Tudor") has filed its
audited consolidated financial statements and accompanying notes for the year
ended June 30, 2007 with Canadian securities regulatory authorities. Tudor has
also filed its reserves data and other oil and gas information for the year
ended June 30, 2007 as mandated by National Instrument 51-101 Standards of
Disclosure for Oil and Gas Activities of the Canadian Securities
Administrators. Copies of Tudor's June 30, 2007 year-end disclosure documents
may be obtained on www.sedar.com or by contacting Tudor.
    Tudor's directors and officers were placed under a management cease trade
order ("MCTO") until our audited financial statements have been submitted. The
MCTO will automatically be lifted two full business days from the date hereof.
    The Company had a number of gas wells and properties that were purchased
approximately 20 years ago for the sum of $1.00 (one dollar) because the owner
was unable to sell them. Some of these wells were in difficult Badlands
terrain or too far from pipelines or services to put them on stream
economically. Tudor accepted an offer from one of its partners for
approximately $690,000 and the assumption of any abandonment liability and a
3.5% gross overriding royalty. We have absolved the Company of all further
costs, including abandonment fees of approximately $1,200,000, for a net gain
of approximately $2,000,000 (present value approximately $450,000). Even
though reference has been made to a $8,900,000 loss in the audited financial
statements, this is not a cash loss and reflects the accounting treatment of
the disposition. If these wells ever do go on stream, Tudor retained the
royalty position.

    We understand that under the accounting rules, if you divest of
properties with a value of 20% of the future net revenues you have to disclose
this as an income loss (even though we only paid approximately one dollar for
these properties and minor amounts for the balance). We advise that it has
been almost a year and the purchaser has not put any of these wells on stream.

For further information:

For further information: Mr. Lionel Conn, President and CEO, at (403)

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