Cinch Energy Corp.
TSX : CNH

Cinch Energy Corp.

May 31, 2011 17:30 ET

Cinch Closes Sale of Non-Core Assets

CALGARY, ALBERTA--(Marketwire - May 31, 2011) - Cinch Energy Corp. ("Cinch") (TSX:CNH) is pleased to announce that it closed on May 31, 2011 and effective April 1, 2011, the sale of certain non-core assets in Alberta which have production of approximately 300 Boe/d for sale proceeds of approximately $13.0 million prior to closing adjustments.

Barrel of Oil Equivalency

Natural gas volumes are converted to barrels of oil equivalent ("boe") on the basis of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. The term "barrels of oil equivalent" may be misleading, particularly if used in isolation. A boe conversion ratio of six mcf to one bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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