Redcliffe Exploration Inc.
TSX VENTURE : RXP.A
TSX VENTURE : RXP.B

Redcliffe Exploration Inc.

January 04, 2008 09:30 ET

Redcliffe Announces Change in Trading Symbol

CALGARY, ALBERTA--(Marketwire - Jan. 4, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Further to the closing on December 18, 2007 of the plan of arrangement between Redcliffe Exploration Inc. (TSX VENTURE:RXP.A) (TSX VENTURE:RXP.B), its wholly-owned subsidiary Redcliffe Exploration Ltd., and Redcliffe Energy Ltd. to form Redcliffe Exploration Inc. ("Redcliffe" or the "Company"), the Company is pleased to announce that its Class A and Class B shares are expected to commence trading on the TSX Venture Exchange on January 4, 2008 under their new trading symbols RXP.A and RXP.B, respectively. Shares currently trading under the symbols RXI.A and RXI.B will trade under the new symbols at that time.

Redcliffe is a Calgary, Alberta based company engaged in the exploration for, and development and production of conventional crude oil and natural gas reserves in western Canada. Redcliffe's strategy is to build shareholder value through internally generated exploration and development drilling, and through selective acquisitions. Redcliffe's areas of operational focus include the Pembina and Peace River Arch areas of Alberta.

Forward-Looking Statements: This news release contains statements about future events that are forward looking in nature and, as a result, are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

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

Contact Information

  • Redcliffe Exploration Inc.
    Daryl H. Connolly
    President & CEO
    (403) 539-8440
    (403) 539-8433 (FAX)
    Email: dconnolly@redcliffe.ca
    or
    Redcliffe Exploration Inc.
    George Gramatke
    Vice President, Finance & CFO
    (403) 539-8442
    (403) 539-8433 (FAX)
    Email: ggramatke@redcliffe.ca