SOURCE: Arbour Energy USA Inc.

February 22, 2007 14:27 ET

Arbour Energy USA Inc. Announces Name Change

CALGARY, AB -- (MARKET WIRE) -- February 22, 2007 -- Arbour Energy USA Inc. (PINKSHEETS: ABRG) announced today that it is taking steps to change its name to Globe Energy, Inc. This move is being taken in anticipation that Globe will be concluding several significant international oil and gas transactions over the next few months that are independent from its controlling shareholder, Arbour Energy Inc.

Dennis Morice, currently President of both companies, is stepping down as President of Globe Energy, Inc. Jim Burkinshaw of Calgary, Alberta will assume the position of President and CEO of the company. Mr. Burkinshaw has 25 years of entrepreneurial experience with public and private companies operating throughout North America, primarily in the natural resources industry.

Mr. Morice indicates that "the anticipated activity of Globe warrants a full slate of senior management devoted exclusively to the Company's success."

Safe Harbor Act Notice: This release may contain forward-looking statements that involve risks and uncertainties, including without limitation, acceptance of the company's products, increased levels of competition, product and technological changes, the company's dependence upon financing and third-party suppliers, and other risks detailed from time to time in the company's federal filings, annual report, offering memorandum, or prospectus. Specifications are subject to change without notice.

Contact Information

  • For more information on Arbour Energy Inc. please contact our investor
    relations department at:

    Arbour Energy Inc.
    Investor Relations

    #290-6815-8th st. N.E.
    Calgary AB T2E 7H7
    Ph. 403-561-4559

    Mercantile Ascendency NewsWire - MANWIRE
    Angela Junell
    214-461-3500
    ajunell@mercantileascendency.com