PetroCorp Group Inc.

April 01, 2011 17:20 ET

PetroCorp Group Inc. Announces Claims Notice

EDMONTON, ALBERTA--(Marketwire - April 1, 2011) - PetroCorp Group Inc. (NEX BOARD:PCG.H) (the "Corporation") announced today that it has received from Powell Canada Inc. and affiliated companies (collectively, "Powell") a claim notice and indemnity notice pursuant to the Asset Purchase Agreements dated October 21, 2009 (the "APAs") and an Escrow Agreement dated December 15, 2009, whereby Powell is claiming indemnification pursuant to the APAs. The Corporation is reviewing the claim notice and indemnity notice provided by Powell and will provide a further update once the Corporation has determined its position with respect to these notices.

Neither the NEX, nor its Regulatory Services Provider (as that term is defined in the policies of the NEX) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • PetroCorp Group Inc.
    Larry Patriquin
    President & CEO
    (780) 499-7662
    PetroCorp Group Inc.
    Randy Fries
    Interim CFO
    (780) 910-9436