Archer Petroleum Corp.

Archer Petroleum Corp.

September 21, 2010 09:15 ET

Archer Petroleum Lists in the OTCQX Market in the USA

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2010) - Archer Petroleum Corp. (TSX VENTURE:ARK)(OTCQX:APEUF)(FRANKFURT:A6VA), (the "Company"), is pleased to announce that the Company is now trading on the OTCQX under the symbol of APEUF. The OTCQX is the U.S. Over the Counter (OTC) market's highest tier where companies are distinguished from the thousands of other companies trading on the U.S. OTC market. Over 110 companies with a total market capitalization surpassing US$750 billion, including several of the world's largest companies by market capitalization, are currently trading on the OTCQX. The OTCQX is owned and operated by Pink OTC Markets Inc.

Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on the major U.S. exchanges. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on and under the symbol OTCQX:APEUF.

"Investor-focused companies use the quality-controlled OTCQX platform to offer their investors transparent trading, superior information and easy access through their regulated U.S. broker-dealers," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "We are pleased to welcome Archer Petroleum to OTCQX."

Management believes the Company's shares are best suited to the OTCQX trading platform in the US. Built on a robust electronic quotation and trading platform, the OTCQX trading platform has emerged as the world's leading premier cross-listing venture for international issuers that wish to benefit from U.S. trading and investor demand without diluting their current shareholder base. Archer Petroleum will continue as a registered issuer and will continue to complete the public filings and disclosures on the System for Electronic Document Analysis and Retrieval (SEDAR). The Company's shares may still be purchased and sold through all normal trading channels.

"Archer Petroleum believes that joining the OTCQX is a cost effective method to facilitate a U.S. presence. With the Company now trading on the OTCQX, TSX.V and Frankfurt Exchange, we are confident we now have the platforms required to provide enhanced liquidity and to broaden our shareholder base," stated Colin Bowkett, President of Archer.

Dorsey & Whitney, LLP of Denver CO will serve as Archer Petroleum Corp's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.

About Archer Petroleum:

Archer Petroleum Corp. is an independent oil and gas company focused on the exploration and development of its assets in North America including the Western Canadian Sedimentary Basin Projects in Alberta, Permian Basin of West Texas and the Bakken Shale area of North Dakota. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK".

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (OTCQX: PINK) operates the leading electronic interdealer quotation and trading system for over 9,000 securities not listed on a U.S. stock exchange. Pink OTC Markets segments these securities into three tiers: the quality-controlled OTCQX marketplace, the U.S. registered and reporting OTCQB marketplace, and the speculative trading Pink Sheets marketplace. These three tiers constitute the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange.  Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at, and or contact us at


Colin Bowkett, President

Although Archer believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Archer can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), and commodity price, interest rate and exchange rate fluctuations. The forward-looking statements contained in this document are made as of the date hereof and Archer undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

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