Churchill Energy Inc.
TSX VENTURE : CEI

Churchill Energy Inc.

December 01, 2006 13:20 ET

Churchill Energy Inc. Announces Issuance of Options

CALGARY, ALBERTA--(CCNMatthews - Dec. 1, 2006) - Churchill Energy Inc. (TSX VENTURE:CEI) ("Churchill") announced that it has granted stock options to its directors, officers and employees to purchase a total of 980,000 common shares at a price of $1.06 pursuant to its stock option plan. The options are for a term of 5 years and vest as to one-third immediately and one-third on each of the following 2 anniversaries of the date of the grant.

Churchill is a Calgary-based junior oil and natural gas company with operations in Alberta and Saskatchewan. The common shares of Churchill are listed on the TSX Venture Exchange and trade under the symbol "CEI".

The common shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Statements - Certain information regarding Churchill Energy Inc. (the "Company") set forth in this document, including management's assessment of the Company's future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the Company'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 producers, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. The Company'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 events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom.


Contact Information

  • Churchill Energy Inc.
    Kelly D. Cowan
    Chief Executive Officer
    (403) 693-3001
    Email: kcowan@churchillenergy.ca
    or
    Churchill Energy Inc.
    James P. Baker
    President
    (403) 698-8242
    Email: j.baker@churchillenergy.ca
    or
    Churchill Energy Inc.
    780, 700 - 4th Avenue S.W.
    Calgary, Alberta T2P 3J4