SignalEnergy Inc.

January 21, 2005 23:59 ET

SignalEnergy Inc. - Press Release

CALGARY--(CCNMatthews - Jan. 21) - SignalEnergy Inc. ("Signal")
announced today that 24,891,232 common shares of Predator Exploration
Ltd. ("Predator"), representing approximately 91.84% of the issued and
outstanding shares of Predator, have been tendered pursuant to Signal's
Offer to Purchase (the "Offer to Purchase").

The Offer to Purchase had been extended until 5:00 p.m. (Calgary time)
January 20, 2005 and, as all conditions of the Offer to Purchase have
been satisfied, Signal has taken up all of the tendered Predator
shares. Signal will be exercising its right of compulsory acquisition
to acquire any remaining Predator shares not tendered pursuant to the
Offer to Purchase.

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

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)