Next Millennium Commercial Corp.

May 03, 2007 13:55 ET

Next Millennium Commercial Corp. Announces Completion of Acquisition of Oil and Gas Interest

TORONTO, ONTARIO--(CCNMatthews - May 3, 2007) - Next Millennium Commercial Corp. ("Next Millennium")(TSX VENTURE:NM) reported today that it has completed the acquisition of a 12.5% interest in the SueAnn Tacquard #1 Well in Galveston County, Texas and the related private placement of 14,000,000 units, as announced on November 22, 2006. The units, issued pursuant to the private placement, are subject to hold period expiring on September 2, 2007.

In connection with the acquisition, Next Millennium is pleased to announce the appointment of Mr. Robert N. Martin to the Company's Board of Directors. Mr. Martin is the President of Daybreak Oil and Gas, a public oil and gas exploration and development company based in Spokane , Washington. Mr. Martin is a professional geologist with over 27 years of experience in the oil and gas industry. Prior to being named President of Daybreak Oil and Gas, Mr. Martin served as President of LongBow Energy Corporation, and previously as Vice President of Exploration for New Energy West Ltd. Next Millennium also reported that Mr. Raymond Savoie resigned as a director. The Company would like to thank Mr. Savoie for his valuable contribution to the growth of the Company.

Next Millennium is an oil and gas exploration and development company. The Company's shares are listed on Tier 2 of the TSX Venture Exchange under the symbol 'NM'.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Next Millennium Commercial Corp.
    Michael Curtis
    President and Chief Executive Officer
    (416) 368-7992
    (416) 368-5012 (FAX)