Drilcorp Energy Ltd.

Drilcorp Energy Ltd.

October 13, 2005 17:23 ET

Drilcorp Energy Ltd. Announces Option Grants

CALGARY, ALBERTA--(CCNMatthews - Oct. 13, 2005) - Drilcorp Energy Ltd. (TSX VENTURE:DCL) ("Drilcorp") announced today, subject to filing of required documents, that its Board of Directors has approved the granting of an aggregate of 1,970,000 options to purchase common shares in the capital of Drilcorp to certain key employees and consultants who have been providing and will continue to provide services to Drilcorp.

The options were granted in accordance with Drilcorp's existing stock option plan, are for a three year term and are exercisable at a price of $0.40 per common share.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein

Contact Information

  • Drilcorp Energy Ltd.
    Rick Wlodarczak
    Managing Director, Corporate
    (403) 264-5453
    (403) 262-3211 (FAX)
    Drilcorp Energy Ltd.
    415, 311-6th Avenue S.W.
    Calgary, Alberta T2P 3H2