| CALGARY, ALBERTA--(Marketwire - Jan. 9, 2012) - Longford Energy Inc. (TSX VENTURE:LFD) ("Longford" or the "Company") announces that its shares will resume trading today and notes the speculation with regard to a possible transaction with Genel Energy plc ("Genel") in relation to the potential sale by Longford of its interest in the Chia Surkh block in the Kurdistan Region of Iraq. Longford confirms that it is pursuing negotiations with Genel, however there is no certainty that these negotiations will result in a transaction. Longford is also in consultation with the Kurdistan Regional Government on their guidance and feedback with respect to the structure of any potential transaction. The Company will update the market if and when there are any material developments.
About Longford Energy Inc.
Longford Energy Inc. is a junior Canadian oil and gas exploration and production company. Longford holds a 40% working interest in the Chia Surkh Block Production Sharing Contract in the Kurdistan Region - Iraq. The Block offers a field development opportunity and multiple exploration prospects.
Regulatory Statements
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to negotiations or the potential sale of Longford's interest in the Chia Surkh Block. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the oil and gas industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
NEITHER THE 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. |