Drako Capital Corp.

May 23, 2012 16:52 ET

Drako Capital Corp. Announces the Release of First Quarter Financial Results

CALGARY, ALBERTA--(Marketwire - May 23, 2012) - Drako Capital Corp. ("Drako" or the "Corporation") (TSX VENTURE:DKC) announces the release of the financial results for the three months ended March 31, 2012.

The Corporation's financial statements and management's discussion and analysis for the three months ended March 31, 2012 will be available on SEDAR at www.sedar.com.

The Corporation participated in the drilling of a horizontal well in the Stolberg area of Alberta. A liner is presently being installed and we expect production testing to commence within the next two weeks. 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