Ammonite Energy Ltd.
TSX VENTURE : AMO

April 30, 2009 22:37 ET

Ammonite Energy Ltd. Announces 2008 Financial, Operating and Reserve Results

CALGARY, ALBERTA--(Marketwire - April 30, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Ammonite Energy Ltd. (TSX VENTURE:AMO) ("Ammonite" or the "Company") announces financial, operating and reserve results for the nine months ending December 31, 2008. The full text of Ammonite's audited financial statements for the year-ended December 31, 2008, the notes thereto and related management's discussion and analysis and Ammonite's reserves data and other oil and gas information for the year ended December 31, 2008 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities can be found at www.sedar.com.

Ammonite has 27,956,937 Common Shares issued and outstanding which trade on the TSX Venture Exchange under the symbol "AMO".

Ammonite is a Calgary, Alberta based junior energy company primarily focused on light oil exploration, development and production in the Wembley area of northwest Alberta and Kindersley area of southwest Saskatchewan.

Ammonite is the result of a business combination with Ketchum Capital Corporation ("Ketchum"), a capital pool company listed on the TSX Venture Exchange, and Ketchum Acquisition Corporation pursuant to which Ketchum acquired all of the issued and outstanding common shares of Ammonite. The Acquisition constituted the Qualifying Transaction of Ketchum as defined in the policies of the TSX Venture Exchange. On January 19, 2009, the shareholders of Ketchum approved a change in the name of the Company from "Ketchum Capital Corporation" to "Ammonite Energy Ltd." and the consolidation of its common shares on the basis of one post-consolidation common share for every five pre-consolidation common shares. On January 22, 2009, the post-consolidation common shares of the Company commenced trading under the trading symbol "AMO".

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.

Contact Information

  • Ammonite Energy Ltd.
    Mr. Stephen N. Ewaskiw
    President and Chief Executive Officer
    (403) 263-9505
    or
    Ammonite Energy Ltd.
    Suite 1200, 520-5th Ave S.W.
    Calgary, Alberta, T2P 3R7