SOURCE: Friendly Energy Exploration

October 14, 2010 09:15 ET

Friendly Energy Exploration Stock Now Trading on OTCBB

CARSON CITY, NV--(Marketwire - October 14, 2010) - Friendly Energy Exploration (OTCBB: FEGR) is pleased to announce that its stock is now trading on the OTCBB under the symbol FEGR, following approval of the listing by the Financial Industry Regulatory Authority (FINRA). The OTCBB is a market tier for OTC-traded U.S. companies that are registered and reporting with the Securities and Exchange Commission (SEC) or a U.S. banking or insurance regulator. This move ensures investors that they are able to receive fully-transparent reporting information about Friendly Exploration before making any investment decision.

Doug Tallant, President of Friendly Energy, commented, "Listing our stock on the OTCBB is an important milestone for the company as we continue to build value for our shareholders. The move back to the OTCBB has been the central focus for our management team. With this hurdle cleared, we will now accelerate the acquiring and developing of oil and gas properties." The Company expects that graduation from the pink sheets to the OTCBB will help to attract a broader and more sophisticated shareholder base. Brokers and institutional investors who otherwise might have been restricted from involvement in a pink sheets company may now be able to trade and invest in Friendly Energy. The added liquidity that comes from an increased shareholder base will also provide the company with an improved number of financing options that will be more attractive both to the company and to the investor.

About Friendly Energy: Friendly Energy 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: www.fegr.biz

This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Exploration. ("FEGR") reasonably expects to occur in the future. Expectations for the future performance of the business of FEGR are dependent upon a number of factors, and there can be no assurance that FEGR will achieve the results as contemplated herein and there can be no assurance that FEGR will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FEGR disclaims any obligation to update any forward-looking statement made herein.

Contact Information

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