Sahara Energy Ltd.
TSX VENTURE : SAH
PINK SHEETS : SAHRF

Sahara Energy Ltd.

July 11, 2008 13:39 ET

Sahara Energy Announces Sale of Gold Creek Gas Well

CALGARY, ALBERTA--(Marketwire - July 11, 2008) - Sahara Energy Ltd. (TSX VENTURE:SAH) (PINK SHEETS:SAHRF) ("Sahara"), announces that it has closed the sale of its 30% operated working interest in one gas well located at Gold Creek, Alberta for proceeds of approximately $180,035. Proceeds of the sale will be used to pay down Sahara's existing bank debt. Subsequent to the application of the proceeds from the sale, Sahara's current bank indebtedness will be approximately $20,000. Sahara will continue to focus on developing its lands in its core area of Lloydminster, Alberta.

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Contact Information

  • Sahara Energy Ltd.
    Peter J. Boswell
    President
    (403) 232-1359
    Email: pete@saharaenergy.ca
    or
    Sahara Energy Ltd.
    800, 510 - 5th Street S.W.
    Calgary, Alberta T2P 3S2