Exceed Energy Inc.

Exceed Energy Inc.

October 01, 2007 18:50 ET

Exceed Grants Stock Options

CALGARY, ALBERTA--(Marketwire - Oct. 1, 2007) - Exceed Energy Inc. (TSX VENTURE:EX.A) (TSX VENTURE:EX.B) ("Exceed" or the "Corporation") announces that in accordance with the Corporation's stock option plan the Corporation has granted stock options to purchase 130,000 common shares of the Corporations to Mr. Curtis Hartzler who was elected to the board of directors at the last annual and general meeting. These options are granted at an exercise price of $0.20. They will expire on September 30, 2012 and will vest in three equal amounts over a three year period. This grant of stock options is subject to TSX Venture Exchange approval.

Forward Looking Statements

This press release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projects relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect Exceed's operations or financial results are included in Exceed's reports on file with Canadian securities regulatory authorities that may be accessed at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Exceed Energy Inc.
    Richard Wolfli
    President and CEO
    (403) 508-1852
    (403) 508-1781 (FAX)