Cygam Energy Inc.
TSX VENTURE : CYG

Cygam Energy Inc.

May 21, 2010 16:30 ET

Cygam Energy Inc. Files Revised Annual Information Form

CALGARY, ALBERTA--(Marketwire - May 21, 2010) - CYGAM Energy Inc. (the "Corporation") (TSX VENTURE:CYG) advises that the Annual Information Form of the Corporation dated April 22, 2010 for the year ended December 31, 2009 has been re-filed to correct certain typographical errors, including the following:

(a) Under the heading "Recent Developments", the estimate of total recoverable proved plus probable plus possible reserves before production attributed to the central portion of the "TT" structure around the TT2 discovery well has been corrected to change the estimate from 15.85 million barrels to 15.80 million barrels. The estimate of proved plus probable plus possible reserves attributable to the Corporation's 14% working interest in the property has not changed.

(b) Under the heading "Summary of Contingent Resources – TT Structure, Sud Remada Permit, Tunisia", which provides a contingent resource estimate for the balance of the "TT" structure, the estimates of the gross contingent resources attributed to gas have been corrected to express the amount of gas in million cubic feet (MMcf), rather than billion cubic feet (Bcf). The estimates of gross contingent resources attributed to oil and gas in total (for the gross pool and for the Corporation's 14% gross working interest), expressed in barrels of oil equivalent (BOE), have not changed.

This filing is intended to correct the foregoing items which were disclosed in the Corporation's Annual Information Form for the year ended December 31, 2009 dated April 22, 2010 and in a press release dated March 8, 2010. The revised annual information form can be accessed electronically at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • CYGAM Energy Inc.
    Dario Sodero
    President and Chief Executive Officer
    (403) 802-6983
    (403) 802-6984 (FAX)
    or
    CYGAM Energy Inc.
    Ali Rawji
    Chief Financial Officer
    (403) 802-6983
    (403) 802-6984 (FAX)