Voyager Energy Ltd.

Voyager Energy Ltd.

October 16, 2008 12:07 ET

Voyager Energy Signs Strategic Alliance

William Hornaday Joins Board

CALGARY, ALBERTA--(Marketwire - Oct. 16, 2008) - Voyager Energy Ltd. is pleased to announce that it has entered into a strategic alliance with Niko Resources Ltd. (TSX:NKO) for the Caribbean region and Ghana and Mr. William T. Hornaday, the Chief Operating Officer and Director of Niko Resources has joined the Board of Directors of Voyager Energy.

"Our strategic alliance with Niko Resources provides a framework for the parties to jointly pursue opportunities within the Caribbean region and Ghana and will enable Voyager Energy to build upon its existing Trinidad based activities and provide us with the ability to secure additional world-scale exploration opportunities. Bill Hornaday's extensive international experience and industry knowledge makes him a valuable addition to our Board." said Mr. Gerold Fong, President and CEO of Voyager Energy.

Niko Resources is an international company experienced in all aspects of exploration and development in India, Bangladesh, Pakistan, the Kurdish Region of Iraq, and Madagascar. Mr. Hornaday is a professional engineer with 33 years of industry experience. He has worked in North America, India, Indonesia and Australia and has extensive experience in all aspects of operations including project management, production facilities, drilling and business development.

Voyager Energy Ltd. is a private junior international exploration and production company based in Calgary, Alberta. The Company has a mandate to develop ground floor international exploration opportunities in countries where management has active contacts and experience. Voyager Energy is currently active in Trinidad, where it has recently secured exploration rights for two onshore blocks, and is focusing on other opportunities in the Caribbean region and Ghana.

This news release contains forward-looking statements relating to management's approach to operations, assumptions and statements about future events or performance. The reader is cautioned that the assumptions presented by Voyager at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Such factors include, but are not limited to: general economic, market and business conditions; industry capacity; competitive action by other companies; fluctuations in oil and gas prices; the results of exploration and development drilling and related activities; the uncertainty of estimates and projections relating to productions, costs and expenses; uncertainties as to the availability and cost of financing; fluctuations in currency exchange rates; the imprecision in reserve estimates; risks associated with oil and gas operations, such as operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; the weather in the Company's area of operations; the ability of suppliers to meet commitments and changes in environmental and other regulations. There is no representation by Voyager that the actual results achieved during the forecast period will be the same in whole or in part as that forecast.

Contact Information

  • Voyager Energy Ltd.
    Gerold Fong
    President and CEO
    (403) 265-7756
    Voyager Energy Ltd.
    Geoff Bury
    Chief Financial Officer
    (403) 265-7782
    Voyager Energy Ltd.
    1810, 205 - 5th Avenue SW
    Calgary, Alberta T2P 2V7