Cordero Energy Inc.
TSX : COR

Cordero Energy Inc.

May 16, 2008 12:45 ET

ENMAX Increases Offer for Cordero Energy Inc. Shares to $4.75 Cash per Share and Extends Offer to May 28, 2008

CALGARY, ALBERTA--(Marketwire - May 16, 2008) - Cordero Energy Inc. (TSX:COR) ("Cordero" or the "Corporation") announced today that it has been notified by ENMAX Acquisition Corp. ("ENMAX"), an indirect wholly-owned subsidiary of ENMAX Corporation, that their original offer dated March 10, 2008, as extended, has been increased to $4.75 cash per common share of Cordero and the offer will be extended until 4:30 p.m. (MST) on May 28, 2008.

Copies of the notice of extension and variation (in both English and French) will be available on the SEDAR website (www.SEDAR.com) under Cordero's profile as well as Cordero's website (www.corderoenergy.com).

Cordero is an independent exploration and development company pursuing conventional oil and natural gas production and reserves as well as coalbed methane development in western Canada. Cordero is based in Calgary, Alberta.

Contact Information

  • Cordero Energy Inc.
    David Elgie
    President and Chief Executive Officer
    (403) 265-7006
    or
    Cordero Energy Inc.
    Dean Setoguchi
    Vice President and Chief Financial Officer
    (403) 265-7006
    Website: www.corderoenergy.com