Palo Duro Energy Inc.
TSX VENTURE : PDE

Palo Duro Energy Inc.

December 14, 2007 13:31 ET

Palo Duro Energy Inc. Announces Change of Auditor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES

Palo Duro Energy Inc. ("Palo Duro" or the "Company") (TSX VENTURE:PDE) announces that its board of directors has appointed Grant Thornton LLP as the Company's new independent auditors, replacing the firm of Mintz & Partners, LLP ("Mintz & Partners"), which has resigned.

The resignation of Mintz & Partners was not the result of any disagreement between the Company and Mintz & Partners on any matter of accounting practices, financial statement disclosure, or auditing scope or procedure. Rather, it was at the request of the Company.

Palo Duro Energy Inc. is an oil and gas exploration and development company with a fully equipped and staffed operations office in Houston, Texas and corporate offices in Vancouver, British Columbia. The Company holds a 27% interest in over 400,000 net acres of prospective oil and gas leases in the Palo Duro Basin in northwest Texas.

Palo Duro Energy Inc.

Mark A. Bush, President

Shares Outstanding: 161,091,844

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

Contact Information

  • Palo Duro Energy Inc.
    Investor Relations
    (604) 639-4673
    (604) 639-4670 (FAX)
    Email: info@paloduro.ca