Newton Energy Corporation

November 24, 2010 18:00 ET

Newton Energy Corporation Announces Interim Results for Third Quarter 2010

CALGARY, ALBERTA--(Marketwire - Nov. 24, 2010) - Newton Energy Corporation (the "Company" or "Newton") is pleased to report its financial results for the nine months ended September 30, 2010. The interim financial statements and Management's Discussion & Analysis were filed today on SEDAR at www.sedar.com.

About Newton

Newton is an emerging oil exploration company focused on the underdeveloped basin in the East Midlands area of the United Kingdom, a contiguous area covering 100,000 acres located to the Southwest of the city of Nottingham. Newton has an additional licence covering an additional and adjacent 50,000 acres jointly with another UK company. With its 150,000 acres of exploration licences on six contiguous blocks, management believes it will become a leading onshore United Kingdom oil company. Newton maintains offices in Nottingham, 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, future operating results and various components thereof or the economic performance of Newton. 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. Newton disclaims any responsibility to update these forward-looking statements except as required by applicable securities legislation.

ADVISORY: 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
    Bahman Sadrehamshemi
    200, 638 - 11th Avenue SW
    Calgary, Alberta T2R 0E2
    (403) 410-3826
    barry@newtonenergy.ca