TSXV:VER.H - Post by User
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TruthMachine2on Jun 29, 2011 8:17pm
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Q1 2011 Financial and Operating Results
Q1 2011 Financial and Operating Results
| June 29, 2011 |
| Vecta Energy Corporation Announces First Quarter 2011 Financial and Operating Results |
CALGARY, ALBERTA--(Marketwire - June 29, 2011) - Vecta Energy Corporation ("Vecta") (TSX VENTURE:VER) today released its financial and operating results for the first quarter ended March 31, 2011. The unaudited financial statements, notes and Management's Discussion and Analysis are available on Vecta's website at www.vectaenergy.com or on SEDAR at www.sedar.com.
Vecta also announces that the Secured Loan has been extended to coincide with the term of the Joint Venture Agreement.
BOE's may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 thousand cubic feet to 1 barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
FORWARD-LOOKING STATEMENTS
This disclosure contains certain forward-looking estimates that involve substantial known and unknown risks and uncertainties, certain of which are beyond Vecta' control, including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition, there are risks and uncertainties associated with oil and gas operations; therefore, Vecta' actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking estimates and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking estimates will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, that may accrue to Vecta.
To receive company news releases via e-mail, please advise admin@vectaenergy.com and specify "Vecta Press Releases" in the subject line.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |