Newton Energy Corporation

Newton Energy Corporation

October 11, 2012 17:03 ET

Newton Energy Corporation Announces Extension of a Farm-in Agreement on Two Deepwater Blocks in the Gambia in West Africa

CALGARY, ALBERTA--(Marketwire - Oct. 11, 2012) - Newton Energy Corporation (TSX VENTURE:NTN) (the "Company" or "Newton") announces that further to its press release of August 27, 2012, the requirement in the farm-in agreement (the "Farm-In Agreement") with Buried Hill Gambia BV ("Buried Hill") that Newton will have until September 30, 2012 to demonstrate to the satisfaction of Buried Hill that the potential investors in and lenders to Newton are reasonably likely to provide sufficient funds to enable Newton to meet its financial obligations under the Farm-In Agreement, has been extended.

About Newton

Newton is an oil and gas company with existing operated licenses in the onshore East Midlands Oil Province in the United Kingdom. Newton maintains offices in London, England and Calgary, Alberta.


Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", and similar expressions, are forward-looking statements that represents management of Newton's internal projections, expectations or beliefs concerning, among other things, the ability of Newton to complete a financing and meet the other conditions precedent of the Farm-In Agreement. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Newton's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Newton's filings with the Canadian securities authorities. Accordingly, holders of Newton's shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Newton's disclosure documents on the SEDAR website at Newton disclaims any responsibility to update these forward-looking statements except as required by applicable securities legislation.

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

  • Newton Energy Corporation
    Steve Engwall
    +44 797 122 4675

    Newton Energy Corporation
    200, 638-11th Avenue S.W.
    Calgary, Alberta T2R 0E2