Soma Petroleum Limited (SOMA) Announces Completion of Frankfurt Exchange Listing and SOMA/Equitable Mining Corp. LOI with HMH/DA
December 06 2006 - 4:00AM
PR Newswire (US)
TORONTO, Dec. 6 /PRNewswire-FirstCall/ -- Soma Petroleum Limited
(SOMA), an oil and gas resource company is pleased to announce that
it has commenced trading on the Frankfurt Stock Exchange ("FWB" -
Frankfurter Wertpapierborse) in Germany under the trading symbol
"SA1". The opening price is Euro 3.00. SOMA is also pleased to
announce that with Equitable Mining Corp. ("EQUITABLE", a resource
company trading on Frankfurt Exchange: E5W and as EQBM on
PinkSheets.com), they have signed a joint Letter of Intent (LOI)
with Dalian Aikete Wei Kuang Zhong He Li Yong You Xian Gong Si and
HMH ("DAK/HMH") as a strategic partner in the further development
of their PGM extraction plant in Dalian, Liaoning Province, China.
This joint relationship will allow both SOMA/EQUITABLE and DAK/HMH
to provide a long-term strategic partnership in this mining
operation, which will impact increased production capacity. ABOUT
THE FRANKFURT STOCK EXCHANGE (FWB) FWB(R)Frankfurter
Wertpapierborse (Frankfurt Stock Exchange) is one of the world's
largest trading centers for securities. Operated by the Deutsche
Borse AG, FWB is the largest of the eight Germany stock exchanges.
The Deutsche Borse's products and services portfolio cover the
entire process chain including securities and derivatives trading,
transaction settlement, the provision of market information, as
well as the development and operation of electronic trading
systems. For more information, visit the Deutsche Borse at:
http://deutsche-boerse.com/. About Soma Petroleum Limited Soma
Petroleum Limited (SOMA) is a Canadian registered corporation that
has interests in old and gas projects in the Horn of Africa. It has
partnered with leading resources developers including
Inter-Continental Petroleum Co. Ltd (ICPC), a China-based oil and
gas exploration company. ICPC has an extensive international track
record in oil and gas. http://www.somapetroleum.com/ Information
presented in this newsletter contain 'forward looking statements'
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21B of the Securities Exchange Act of 1934. Any statements
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals,
assumptions or future events or performance are not statements of
historical fact and may be 'forward looking statements.' Forward
looking statements are based on expectations, estimates and
projections at the time the statements are made that involve a
number of risks and uncertainties which could cause actual results
or events to differ materially from those presently anticipated.
Forward looking statements in this action may be identified through
the use of words such as 'projects', 'foresee', 'expects' , 'will,'
'anticipates,' 'estimates,' 'believes,' 'understands' or that by
statements indicating certain actions 'may,' 'could,' or 'might'
occur. DATASOURCE: Soma Petroleum Limited CONTACT: Email: , (416)
410-3995
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