Birchcliff Energy Ltd.
TSX : BIR

Birchcliff Energy Ltd.

October 21, 2008 00:10 ET

Birchcliff Energy Ltd. Announces That Mr. Seymour Schulich Increases Ownership in Birchcliff Energy Ltd.

CALGARY, ALBERTA--(Marketwire - Oct. 21, 2008) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Birchcliff Energy Ltd. ("Birchcliff") (TSX:BIR) is pleased to report that on October 20th, 2008, Mr. Seymour Schulich announced that he has purchased 1,000,000 common shares of Birchcliff Energy Ltd. (the "Company") through the facilities of the Toronto Stock Exchange.

As a result of this purchase, Mr. Schulich currently owns or exercises control and direction over 22,000,000 common shares of Birchcliff. Mr. Schulich's current shareholdings represent approximately 19.6% of the current issued and outstanding common shares of Birchcliff. Mr. Schulich has further advised Birchcliff that he has acquired the additional 1,000,000 shares for investment purposes. Mr. Schulich has indicated that he will review his holdings from time to time and that he may increase or decrease his position as future circumstances may dictate.

FORWARD LOOKING STATEMENTS:

Certain information set forth in this press release contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond Birchcliff's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the competition for qualified personnel and management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect and, as such, undue reliance should not be placed on forward-looking statements. Birchcliff's actual results, performance or achievement could differ materially from those expressed in or implied by these forward-looking statements, and accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits will derive there from. Except as required by law, Birchcliff disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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

This press release is not for distribution to United States newswire services or for dissemination in the United States.

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

Contact Information

  • Birchcliff Energy Ltd.
    Jeff Tonken
    President and Chief Executive Officer
    (403) 261-6401