SOURCE: Friendly Energy Exploration

October 18, 2010 09:15 ET

Friendly Energy Announces Improper Symbol Change

CARSON CITY, NV--(Marketwire - October 18, 2010) -  Friendly Energy Exploration (OTCBB: FEGR) today announced that an "E" was added to its symbol on October 15, 2010 by FINRA in error. On that same day, FINRA, after confirming the "E" was added inadvertently, added the Company to the daily list ( and the "E" was removed at the open of trading today, October 18, 2010. The Company appreciates FINRA's assistance in swiftly rectifying this matter. 

As previously announced, the Company's common stock was approved by FINRA for trading on the OTCBB on October 12, 2010, and began trading on the OTCBB on October 13, 2010 under the symbol FEGR.OB.

About Friendly Energy

Friendly Energy Exploration is an exploration, development and production company in the Oil and Gas Exploration Industry. The Company is focusing on low cost oil and gas recovery in the State of Texas and Oklahoma. Friendly Energy is committed to building shareholder value by taking advantage of the current market pricing of oil and gas by developing undeveloped reserves with little downside risk. Please see the company's website:

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for certain forward-looking statements. Statements in this press release that relate to Friendly Energy Exploration's future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-K for the year ended December 31, 2009 as filed with the U.S. Securities and Exchange Commission. This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Friendly Energy Exploration does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.

Contact Information

  • Contact:

    For Additional Information:
    Sean Tallant
    1 970-464-2619