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.