Arctic Hunter Announces Annual Filings Under National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities
ARCTIC HUNTER ENERGY INC.
Suite 501 - 675 West Hastings Street ∙ Vancouver ∙ British Columbia ∙ V6B 1N2 Telephone: (604) 681-3131
NEWS RELEASE
October 10, 2012 TSX-V Trading Symbol: AHU ______________________________________________________________________________________
ARCTIC HUNTER ANNOUNCES ANNUAL FILINGS UNDER NATIONAL INSTRUMENT 51-101 STANDARDS OF DISCLOSURE FOR OIL AND GAS ACTIVITIES
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VANCOUVER, BRITISH COLUMBIA - Arctic Hunter Energy Inc. (TSX-V: AHU) (“Arctic Hunter” or the “Company”) is pleased to announce that it has filed its Form 51-101 F1- Statement of Reserves Data and other Oil & Gas Information for its year ended June 30, 2013. The Company has also filed Form 51-101F2 Report of Independent Qualified Reserves Evaluator and Form 51-101F3- Report of Management and Directors all under National Instrument 51-101. The filings can be accessed electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) website: www.sedar.com
ABOUT ARCTIC HUNTER
The Company is Canadian Oil & Gas exploration and development Company that acquires and finances the acquisition, exploration and development of oil and gas assets primarily in Western Canada. The Company is a junior heavy oil producer in the greater Lloydminster area of Alberta & Saskatchewan. The Company has maintained a stable production base since 2010, and is constantly reviewing future production opportunities through selective property acquisitions and identifying low risk exploration drilling activities.
The Company maintains a strong balance sheet and has a qualified management and has oil & gas team of professionals, seasoned in field exploration, drilling and has the necessary manpower to develop its natural resource and production properties. The Company is committed to minimizing risks through the selective acquisition, sustainable exploration and development of petroleum and natural gas resource opportunities. The Company intends to increase its daily oil production, increasing its reserves through its exploration activities and by making low risk drilling and making strategic property acquisitions when opportunity presents itself.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Tim Coupland, President and CEO Arctic Hunter Energy Inc.
Tel: (604) 681-3131 Fax: (604) 408-3884 [email protected]
or
Robert Hall, Director Arctic Hunter Energy Inc.
Tel: (604) 681-3131 [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Reader Advisory
Certain information in this Press Release is forward-looking within the meaning of certain securities legislation, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions, including the licensing, completions and success of future drilling and development activities, performance of existing wells, the performance of new wells, general economic conditions, availability of required equipment and services and prevailing commodity prices. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking information in this Press Release describes the Company’s expectations as of the date of this Press Release.
Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events, risks arising from operations generally, changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, commodity price and exchange rate fluctuations; reliance on contractual rights such as licenses and leases in the conduct of its business, reliance on third parties, reliance on key personnel, possible failure of the business model or business plan or the inability to implement the business model or business plan as planned, competition, environmental matters, and insurance or lack thereof and the other factors described under “Risk Factors” in the Company’s annual reports available in Canada at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The Company cautions that the foregoing list of material factors is not exhaustive, is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company’s forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.