Cobra Venture Corporation

Cobra Venture Corporation

October 23, 2006 17:31 ET

Cobra Venture Corporation: For Immediate Release

CALGARY, ALBERTA--(CCNMatthews - Oct. 23, 2006) - In regard to Cobra Venture Corporation's ("Cobra" or "Corporation") (TSX VENTURE:CBV) news release, dated October 19, 2006, the Corporation wishes to retract reference to any potential reserve information contained in the said news release relating to the Pembina, Alberta and Inga, NE British Columbia areas on the basis that such disclosure may not have been made in compliance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.

Cobra is an oil and natural gas production and exploration company currently producing, exploring and developing oil and gas interests in Pembina, Alberta, NE British Columbia and SE Saskatchewan. Cobra is actively involved in prospect generation, and secures working interests at an early stage. Through farm out and royalty agreements Cobra joint ventures with third parties to operate and develop the prospects. Cobra retains key ownership positions in multiple projects and Cobra employs this strategy to minimize shareholder dilution and maximize shareholder asset value.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this news release

Contact Information

  • Cobra Venture Corporation
    Daniel B. Evans
    President and CEO
    (604) 922-2030
    Canadian Toll Free: (888) 888-9122
    US Toll Free: (888) 888-9123