Drako Capital Corp.

April 20, 2012 16:46 ET

Drako Capital Corp. Announces the Release of Fourth Quarter and Annual Financial Results

CALGARY, ALBERTA--(Marketwire - April 20, 2012) - Drako Capital Corp. ("Drako" or the "Corporation") (TSX VENTURE:DKC) announces the release of the financial results for the three months ended and the year ended December 31, 2011.

The Corporation's financial statements and management's discussion and analysis for the year ended December 31, 2011 will be available on SEDAR at www.sedar.com.

The Corporation participated in the recent drilling of a horizontal well in the Stolberg area of Alberta which is currently being tested. Drako's participation in the well is 12% of the costs of drilling and completing, resulting in an undivided 8% working interest.

Drako is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas.

Neither the 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

  • Drako Capital Corp.
    Robert J. Dales
    President & Chief Executive Officer
    (403) 690-3884