Kenartha Oil & Gas Co. Limited
FRANKFURT : KJ5

February 27, 2007 15:30 ET

Kenartha Reports Current Status of Meter Stations for Expansion Program in Southern Ontario

TORONTO, ONTARIO--(CCNMatthews - Feb. 27, 2007) - Kenartha Oil & Gas Company Limited (FRANKFURT:KJ5), an explorer and developer of natural gas resources, is pleased to announce that the company has negotiated with Union Gas (an entity of Duke Energy), listed on the NYSE, to establish a second meter station for our expansion program. This will facilitate the delivery of the natural gas production from the field being drilled.

Company management is pleased with this development for the main reason that the gas will be put into a relatively low pressure Union Gas pipeline.

About Kenartha Oil and Gas Company Limited

Kenartha Oil & Gas Company Limited (Kenartha) is an oil and natural gas exploration, acquisition, development and production firm.

The Company holds interests in natural gas production facilities in southern Ontario, Canada near Canada's first oil wells. Kenartha has sales agreements with Union Gas Limited for the purchase of its natural gas production.

Kenartha is traded on the Frankfurt Exchange under the symbol "KJ5". For further information please visit the company's website at kenartha.com.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

Information presented in this newsletter contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects'', 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.

No regulatory authority or similar body approved nor disapproved the information contained herein.

Contact Information

  • Kenartha Oil & Gas Company Limited
    Mr. Ernest Harrison, EM
    CEO
    (705) 474-7282
    (705) 474-5491 (FAX)
    Email: ernie@kenartha.com
    or
    Kenartha Oil & Gas Company Limited
    Mr. Marty Martinello, B.A.
    V.P.
    (705) 474-7282
    (705) 474-5491 (FAX)
    or
    Kenartha Oil & Gas Company Limited
    Mr. Robert Chase, B.A.
    CFO
    (416) 368-9595
    (416) 368-6827 (FAX)
    Email: rob@kenartha.com
    Website: www.kenartha.com