SignalEnergy Inc.

January 04, 2005 23:59 ET

SignalEnergy Inc. - News Release

CALGARY--(CCNMatthews - Jan. 4) - SignalEnergy Inc. ("Signal")
announced today that more than 85% of the issued and outstanding shares
of Predator Exploration Ltd. ("Predator") have been tendered and not
withdrawn pursuant to Signal's Offer to Purchase dated November 26,
2004 (the "Offer to Purchase").

Signal also announced that it is extending the Offer to Purchase until
5:00 p.m. (Calgary time) January 20, 2005 in order to meet certain
conditions set forth in the Pre-Acquisition Agreement, including
receipt of all necessary regulatory approvals. A Notice of Extension
will be mailed to all shareholders of Predator in due course.

Signal is a Calgary-based, junior resource company engaged in the
exploration, development and production of natural gas and oil. The
common shares of Signal are listed on the Toronto Stock Exchange under
the symbol SGI.

This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities in any jurisdiction. The
Common Shares will not be and have not been registered under the United
States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements.

Contact Information

  • SignalEnergy Inc.
    Mr. J. Cameron Bailey
    President and Chief Executive Officer
    (403) 290-2450
    (403) 398-3366 (FAX)