Mitra Energy Inc.
TSX VENTURE : MTE

June 29, 2015 14:25 ET

Mitra Energy Inc. Completes Seismic Acquisition in Vietnam

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 29, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Mitra Energy Inc. (TSX VENTURE:MTE), through its subsidiary operating company Mitra Energy (Vietnam Phu Khanh) Pte Ltd, has completed the acquisition of 533 sq km of full-fold 3D seismic data in the Block 127 PSC area, offshore Vietnam. The survey was undertaken by PTSC CGGV Geophysical Survey Co., Ltd utilising the 3D seismic survey vessel "Amadeus". The survey fulfils the 500 sq km Exploration Phase One extension 3D seismic acquisition commitment under the Block 127 PSC.

Cautionary Statements

This press release may contain forward-looking information and statements ("forward-looking information") within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results or (as applicable). Although the Company believes that the expectations reflected in our forward-looking information is reasonable, our forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including without limitation: volatility in the market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital acquisitions; geological, technical, drilling and processing problems; fluctuations in foreign exchange or interest rates; health safety and environmental risks; stock market volatility; global economic events or conditions; and other factors, many of which are beyond the control of the Company. We caution that the forgoing list of risks and uncertainties is not exhaustive.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information