Probe Resources Announces Filing of Its August 31st, 2010 Year End Audited Financial Statements and MD&A
July 14 2011 - 5:42PM
Marketwired
Probe Resources Ltd. (TSX VENTURE: PBR) (the "Company" or "Probe")
announces that it has filed its August 31, 2010 year end audited
Financial Statements and Management Discussion and Analysis. These
documents can be retrieved electronically from SEDAR
(www.sedar.com).
The Company is in the process of completing and filing its
interim quarterly financial statements and MDA. As a result of
further technical review, the company will not pursue a completion
of the East Cameron 246 wellbore and is continuing to review
opportunities and strategic alternatives to maximize shareholder
value.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the Companies securities in
the United States. The Companies securities have not been and will
not be registered under the United States Securities Act of 1933,
as amended (the "US Securities Act) or any state securities laws
and may not be offered or sold within the United States or to U.S.
persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Statements in this press release may contain forward-looking
information which is subject to important risks and uncertainties,
such forward-looking information includes expectations of future
operations (including drill rig commitments and use of proceeds),
commerciality of any hydrocarbon discovered, production rates,
operating costs, commodity prices, administrative costs, commodity
price risk, management activity, acquisitions and dispositions,
capital spending, access to credit facilities, income and oil
taxes, regulatory changes, relisting on the TSX Venture Exchange
and other components of cash flow and earnings. The reader is
cautioned that assumptions used in the preparation of such
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, a
result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company.
These risks include, but are not limited to, the risks associated
with the oil and gas industry, commodity prices, and exchange rate
changes. Industry related risks could include, but are not limited
to, operational risks in exploration, development and production,
delays or changes in plans, risks associated with the uncertainty
of reserve estimates, or reservoir performance, health and safety
risks and the uncertainty of estimates and projections of
production, costs and expenses. The reader is cautioned not to
place undue reliance on this forward-looking information. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
The TSX Venture Exchange (or its Regulation Services Provider as
that term is defined in the policies of the TSX Venture Exchange)
have not reviewed and do not accept responsibility for the adequacy
or accuracy of this release.
Contacts: Probe Resources Ltd. Mr. John Boylan Chief Financial
Officer 504-830-7641 jboylan@probe-resources.com
www.probe-resources.com
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