Palo Duro Energy Inc.

Palo Duro Energy Inc.

January 20, 2012 12:01 ET

Palo Duro Energy Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2012) - Palo Duro Energy Inc. ("Palo Duro" or the "Company") (TSX VENTURE:PDE) announces that Robert Gayton has resigned as a Director of the Company effective immediately. Palo Duro thanks Mr. Gayton for his contribution to the Company.

Palo Duro Energy Inc.

J. Stephen Barley, President & CEO

This news release may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such statements and information are based on assumptions and judgments of management of the Company regarding future events or results and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements and information. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.

Shares Outstanding: 32,218,347

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

  • Palo Duro Energy Inc.
    Investor Relations
    1-604-639-4670 (FAX)