Welton Energy Corporation

Welton Energy Corporation

March 29, 2007 09:00 ET

Welton Energy Announces Notification for Filing 2006 Disclosure Documents

CALGARY, ALBERTA--(CCNMatthews - March 29, 2007) -


Welton Energy Corporation (TSX:WLT) (TSX:WLT.WT) (TSX:WLT.DB) ("Welton", the "Company") is pleased to announce that it has filed its audited Consolidated Financial Statements for the year ended December 31, 2006 and related Management's Discussion and Analysis with Canadian securities regulatory authorities. Welton has also filed its Annual Information Form for the year ended December 31, 2006, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 of the Canadian Securities Administrators. Copies of these documents may be obtained via www.sedar.com or the Company's website, www.weltonenergy.com, or by emailing info@weltonenergy.com.

Welton Energy Corporation is a growth-oriented junior energy company, focused on exploration for and development and production of oil and natural gas in Alberta, Saskatchewan and British Columbia, Canada.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the common shares in any jurisdiction. Such securities have not been registered under the United States Securities Act of 1933, as amended or the securities laws of any state, and may not be offered or sold in the United States, or to a U.S. person, unless an exemption from the registration requirement is available.

Cautionary Statements

Certain information set forth in this document contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of the preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Welton's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Welton will derive therefrom. Welton disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A barrel of oil equivalent (boe) is derived by converting natural gas to oil in the ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent. A boe conversion may be misleading, particularly if used in isolation, as it is based on an energy equivalency conversion method primarily applicable at the burner tip and may not represent a value equivalency at the wellhead.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Welton Energy Corporation
    Donald A. Engle
    (403) 215-4747
    Welton Energy Corporation
    Shyla M. Stinson
    Vice President, Finance
    (403) 215-4750
    Website: www.weltonenergy.com