Shoreline Energy Fund

September 03, 2009 11:46 ET

Shoreline Energy Fund Announces Appointment

CALGARY, ALBERTA--(Marketwire - Sept. 3, 2009) - Shoreline Energy Fund ("Shoreline") is very pleased to announce the appointment of Mr. Brian Illing to its Independent Review Committee. Mr. Illing's expertise in the areas of asset evaluation, corporate structure, corporate finance, governance, exploration, mergers and acquisitions strengthen Shoreline's Review Committee.

Mr. Illing is currently President and CEO of Iteration Energy Inc. Previously as Executive VP he led the CNRL exploration department from 1993 to 2003 and was the hands-on technical leader for growth projects in the Company during that time. He oversaw the drilling of more than 6000 Western Canada wells with a success rate of over 90%. The first 17 years of his career were at Gulf Canada Resources after completing his Geology BSc. and Geophysics MSc. in England.

Mr. Illing and the existing members of the Review Committee have extensive expertise in building and managing large organizations; as such they play an important role in guiding the investments of the Fund as it executes it's mandate of acquiring and consolidating companies and assets at currently attractive acquisition costs.

Shoreline Energy Fund provides an opportunity to participate in a diversified portfolio of investment types within the Energy sector, who, along with the Fund's Technical consulting team, have direct control over the majority of the investments in the Fund.

The Shoreline Fund is designed as a flow through structure whereby any tax credits created through oil and gas operations are passed directly back to the unit holder. In addition Shoreline will offer a distribution beginning September 30 2010.

This press release contains forward-looking statements including expectations of future investment returns. 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. Should any of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release. Shoreline Energy Fund and the investment manager believe the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

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