SLV tsxventure
CALGARY, Aug. 28 /CNW/ - Stealth Ventures Ltd. has released its second
quarter 2009 financial results. All information including the second quarter
report is available at www.sedar.com or at its website www.stealthventures.ca.
In addition to Stealth's current hedging which has approximately 55% per
cent of its production at an average weighted price of $5.01/GJ, the Company
placed an additional physical contract which will see approximately 35% of the
current corporate production sold from November 01, 2009 to December 31, 2010
at a price of $4.90/GJ.
Stealth Ventures Ltd. is a Calgary-based junior oil and gas company whose
expertise and focus is on "unconventional" gas reserves from shale gas, CBM,
and tight gas sand reservoirs.
STEALTH VENTURES LTD.
"Derek Krivak"
Per: DEREK KRIVAK
Chief Executive Officer
For more information, contact:
For more information, contact: Derek Krivak, CEO Stealth Ventures Ltd.
Tel.: 403-514-9998 Fax: 403-514-9995 Emails:
investorrelations@stealthventures.ca Richard Cohen Investor Relations Clark
Avenue Company Tel.: 905-882-4422 Fax: 905-882-4435 Email:
clarkavenue@rogers.com
Forward Looking Statements:
This News Release may contain forward-looking statements based on
assumptions and judgments of management regarding future events or results
that may prove to be inaccurate as a result of exploration and other risk
factors beyond its control, and actual results may differ materially from the
expected results.
Disclosure provided herein in respect of BOEs may be misleading,
particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is
based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead.
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 NEWS RELEASE. THIS
NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED.
%SEDAR: 00008195E
