Prairie Schooner Petroleum Ltd.
TSX : PSL

Prairie Schooner Petroleum Ltd.

April 03, 2006 09:30 ET

Prairie Schooner Petroleum Ltd. Announces Filing of its 2005 Year End Disclosure Documents

CALGARY, ALBERTA--(CCNMatthews - April 3, 2006) - Prairie Schooner Petroleum Ltd. (TSX:PSL) today filed its Annual Information Form, which includes Prairie Schooner's reserve data and other oil and gas information for the period ended December 31, 2005 as mandated by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators.

Prairie Schooner has also filed its audited consolidated financial statements and accompanying notes for the year ended December 31, 2005 and related Management Discussion and Analysis with Canadian Securities Regulatory Authorities. Copies of Prairie Schooner's 2005 disclosure documents may be obtained at www.sedar.com or by e-mailing the company at info@psei.ca.

Prairie Schooner's fundamental focus remains unchanged; increasing shareholder value through a combination of grass roots exploration, strategic acquisitions and subsequent exploitation.

This disclosure contains certain forward looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond Prairie Schooner's control, including: the impact of general economic conditions in Canada and the United States, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Prairie Schooner's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward looking statements will transpire or occur, or it any of them do so, what benefits, including the amount of proceeds, that Prairie Schooner will derive therefrom.

Contact Information

  • Prairie Schooner Petroleum Ltd.
    Mr. Jim Saunders
    Chairman and Chief Executive Officer
    (403) 303-3750
    (403) 266-8681 (FAX)
    or
    Prairie Schooner Petroleum Ltd.
    Mr. Jerry Sapieha, CA
    Vice President, Finance and Chief Financial Officer
    (403) 303-3762
    (403) 266-8681 (FAX)