Culane Energy Corp.
TSX VENTURE : CLN

Culane Energy Corp.

July 04, 2008 09:00 ET

Culane Clarifies Oil Resource Description

CALGARY, ALBERTA--(Marketwire - July 4, 2008) - Culane Energy Corp. ("Culane") (TSX VENTURE:CLN) clarifies the oil resource description contained in its July 3, 2008 press release. The previously-announced Original Oil in Place (OOIP) figure is categorized as Discovered Petroleum Initially-In-Place, pursuant to National Instrument (NI) 51-101. A portion of that OOIP figure is comprised of reserves which are already disclosed by Culane. There is no certainty that it will be commercially viable to produce any portion of the resources, other than the reserves.

23,872,354 Class A Shares

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

Contact Information

  • Culane Energy Corp.
    Donald D. Staus
    President and Chief Executive Officer
    (403) 263-2773
    (403) 263-2776 (FAX)
    Email: dstaus@culaneenergycorp.com
    or
    Culane Energy Corp.
    Stewart Larsen
    Vice President of Finance and Chief Financial Officer
    (403) 263-2773
    (403) 263-2776 (FAX)
    Email: slarsen@culaneenergycorp.com
    or
    Culane Energy Corp.
    Thomas H. Field
    Vice President, Engineering and Operations
    (403) 263-2773
    (403) 263-2776 (FAX)
    Email: tfield@culaneenergycorp.com
    or
    Culane Energy Corp.
    420, 333 - 5th Avenue S.W.
    Calgary, Alberta T2P 3B6
    (403) 263-2773
    (403) 263-2776 (FAX)
    Website: www.culaneenergycorp.com