Spitfire Energy Ltd.
TSX VENTURE : SEL

Spitfire Energy Ltd.

June 09, 2008 19:09 ET

Spitfire Energy Announces Board Update

CALGARY, ALBERTA--(Marketwire - June 9, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Spitfire Energy Ltd. ("Spitfire" or the "Corporation") (TSX VENTURE:SEL) announces that Mikel D. Faulkner and Anna M. Williams, the two designated representatives of HKN Inc. on Spitfire's board of directors, have resigned their directorships due to increasing demands on their schedules. Both individuals are based in Texas.

HKN Inc. holds 10,906,500 common shares of Spitfire representing 26.75% of the 40,772,582 common shares outstanding. HKN Inc. has determined that it no longer requires the two board seats to which it is entitled. Spitfire has no immediate plans to fill the board vacancies.

Spitfire Energy Ltd. is a junior oil and gas company engaged in the exploration for, development, and production of natural gas and crude oil reserves. Spitfire's common shares trade on the TSX Venture Exchange under the symbol "SEL".

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents of this press release.

Contact Information

  • Spitfire Energy Ltd.
    K. N. (Keith) Chase
    President, CEO and Director
    (403) 205-3400 x224