Birchcliff Energy Ltd.
TSX : BIR

Birchcliff Energy Ltd.

September 18, 2007 12:42 ET

Birchcliff Energy Ltd.: Announcement Regarding Recent Trading Activity

CALGARY, ALBERTA--(Marketwire - Sept. 18, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Birchcliff Energy Ltd. ("Birchcliff" or the "Company") (TSX:BIR). At the request of Market Surveillance on behalf of the Toronto Stock Exchange and in light of recent trading activity in its common shares, Birchcliff Energy Ltd. ("Birchcliff") hereby announces that it is unaware of any undisclosed information that is affecting the trading in its shares at this time.

Birchcliff is pleased to confirm that the previously announced acquisition of approximately 3,500 BOE per day at Worsley, Alberta from Compton Petroleum, the related bought deal equity financing and the bank financing arrangements are proceeding as planned and are expected to close on or about September 27, 2007.

Advisory

BOE Conversions: The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. Per barrel of oil equivalent ("boe") amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil equivalent ("6:1"). A boe conversion ratio of 6:1 is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Birchcliff is a publicly traded company that trades on the TSX Exchange under the symbol "BIR".

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

Contact Information

  • Birchcliff Energy Ltd.
    Bruno Geremia
    Vice President and Chief Financial Officer
    (403) 261-6401
    (403) 261-6424 (FAX)