Samoth Oilfield Inc.
TSX VENTURE : SCD

March 02, 2009 17:15 ET

Samoth Files 2008 Reserves Information and Audited Year End 2008 Financial Statements

CALGARY, ALBERTA--(Marketwire - March 2, 2009) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Samoth Oilfield Inc. (TSX VENTURE:SCD) ("Samoth" or the "Corporation") is pleased to announce that it has filed its annual reserves information for the year ended October 31, 2008 in accordance with National Instrument 51-101 Standard of Disclosure For Oil and Gas Activities. In addition, the Corporation has filed its audited financial statements and management discussion and analysis for the year ended October 31, 2008. All of the aforementioned documents are available electronically on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Samoth. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this news release are made as of the date of this news release, and Samoth does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

Neither the 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

  • Samoth Oilfield Inc.
    Leonard D. Jaroszuk
    President and Chief Executive Officer
    (780) 418-4400
    (780) 915-5999 (FAX)
    Email: ld.jaroszuk@enterpriseoil.ca