CALGARY,
May 1, 2013 /CNW/ - Alston Energy
Inc. ("Alston" or the "Company") is pleased to
announce that it has filed its audited financial statements and
related management's discussion and analysis for the year ended
December 31, 2012 with the Canadian
securities regulatory authorities on SEDAR at www.sedar.com.
In addition, the Company has filed its statement
of reserves data and other oil and gas information for the year
ended December 31, 2012 as mandated
by National Instrument 51-101 - Standards of Disclosure for Oil
and Gas Activities ("NI 51-101") of the Canadian
Securities Administrators.
Alston's reserves were evaluated as at
December 31, 2012 by McDaniel &
Associates Consultants Ltd. ("McDaniel"), an independent
engineering firm. McDaniel's evaluation was conducted in accordance
with standards set out in the Canadian Oil and Gas Evaluation
Handbook and is compliant with NI 51- 101.
Alston Energy Inc. is a publicly traded, junior
oil & gas producing Company with high quality assets in
Central Alberta. Our focus is on
creating a portfolio of repeatable drilling opportunities targeting
shallow to medium depth oil bearing formations in Alberta and Saskatchewan. Alston's management team has a
proven track record of executing strategic acquisitions and
utilizing new technologies to exploit conventional and
unconventional resources.
Alston Energy Inc. trades on the TSX Venture
Exchange under the trading symbol ALO. For additional information
about Alston please visit our website www.alstonenergy.ca or under
the company profile on SEDAR www.sedar.com.
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 press release.
Conversion: BOEs may be misleading,
particularly if used in isolation. A BOE conversion ratio of 6
Mcf:1 bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a
value equivalency at the wellhead. Given that the value ratio based
on the current price of crude oil as compared to natural gas is
significantly different from the energy equivalency of 6:1,
utilizing a conversion on a 6:1 basis may be misleading as an
indication of value.
SOURCE Alston Energy Inc.