Esrey Energy Announces Stock Option Grant
08 Enero 2014 - 9:57PM
Marketwired
Esrey Energy Announces Stock Option Grant
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 8, 2014) - Esrey
Energy Ltd. ("Esrey" or the "Company") (TSX-VENTURE:EEL) announces
the Company has granted 994,000 stock options pursuant to its
previously approved stock option plan to directors, officers,
employees and consultants of the Company. The options are
exercisable over 5 years at an exercise price of $0.12 per share
with one third vesting immediately, one third in 6 months and one
third in 12 months.
About Esrey
Esrey is a Canadian exploration and development company focused
on developing oil and gas properties in Papua New Guinea, Poland
and Bulgaria. Esrey holds in Papua New Guinea a 16.85% net interest
in PPL 319 and a 84.25% interest in 3 additional PPLs in northern
Papua New Guinea (which collectively cover approximately 5.5
million gross acres) and a 20% net interest in PRL 13 (which covers
approximately 42,000 gross acres). Esrey has entered into a farm-in
agreement with subsidiaries of Heritage Oil PLC under which those
subsidiaries acquired an 80% interest in PPL 319 and PRL 13,
subject to fulfillment of work commitments under the farm-in
agreement. As of the Effective Date of the cited agreement, Esrey
has a 42.96% net interest in approximately 734,000 gross acres of
prospective shales in Poland together with BNK Petroleum Inc. Esrey
is operator and has a 50% net interest in approximately 360,000
gross acres of prospective shales in Poland together with San Leon
Energy. Esrey has entered into a farm-in agreement relating to
405,080 acres of prospective argillite formation in Bulgaria with
Direct Petroleum Bulgaria EOOD, a subsidiary of TransAtlantic
Petroleum Ltd. Esrey also holds a 100% working interest (80% net
revenue interest) in approximately 5,300 net mineral acres of oil
and gas leases in Daniels and Sheridan Counties located in north
east Montana as well as a 100% working interest (79% net revenue
interest) in approximately 46,700 net acres of oil and gas leases
in Cascade County, in western Montana. Esrey shares trade on the
TSX Venture Exchange under the symbol "EEL".
ESREY ENERGY LTD. |
|
Per: "David Nelson" |
President & CEO |
Neither 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
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release constitute
"forward-looking information" as such term is used in applicable
Canadian securities laws, including information regarding the board
change. Forward-looking information is based on plans and estimates
of management at the date the information is provided and certain
factors and assumptions of management. Forward looking information
is subject to a variety of risks and uncertainties and other
factors that could cause plans, estimates and actual results to
vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking
information in this news release to change or to be inaccurate
include, but are not limited to, the risks related to
unsatisfactory results of due diligence, international operations
and doing business in foreign jurisdictions, risks associated with
the oil and gas industry and exploratory and development activities
generally (e.g., operational risks in development, exploration and
production, delays or changes in plans with respect to exploration
or development projects or capital expenditures, risks associated
with equipment procurement and equipment failure), the risk of
commodity price and foreign exchange rate fluctuations, risks
related to future royalty rate changes, and risks and uncertainties
associated with securing and maintaining necessary regulatory
approvals, and counterparty risk related to the stability and
viability of the Company's joint venture participants.
Shares Outstanding: 28,819,375
Investor relations: 1-778-373-0103Email:
info@esreyenergy.com
Esrey Energy Ltd. (TSXV:EEL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Esrey Energy Ltd. (TSXV:EEL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024