LNG Lng Energy Ltd.

LNG Energy Ltd's (TSX VENTURE:LNG) ("LNG" or the "Company") board of directors
(the "Board of Directors") has approved an advance notice policy (the "Policy")
effective August 29, 2013. The purpose of the Policy is to provide a clear
framework for nominating directors of the Company; which will facilitate an
orderly and efficient process for nomination and election of directors at annual
or special general meetings of shareholders. The Policy includes a process that
requires advance notice to the Company in circumstances where nominations of
persons for election to the Board of Directors are made by shareholders of the
Company other than pursuant to a proposal or requisition of shareholders made in
accordance with the Business Corporations Act (British Columbia). Among other
things, the Policy fixes a deadline by which holders of record of common shares
of the Company must submit director nominations to the Company prior to any
annual or special general meeting of shareholders and sets forth the information
that a shareholder must include in the notice to the Company for the notice to
be in proper written form.


In the case of an annual general meeting of shareholders, notice to the Company
must be made not less than 30 nor more than 65 days prior to the date of the
annual general meeting; provided, however, that in the event that the annual
general meeting is to be held on a date that is less than 50 days after the date
on which the first public announcement of the date of the annual general meeting
was made, notice may be made not later than the close of business on the 10th
day following such public announcement.


In the case of a special general meeting of shareholders (which is not also an
annual general meeting), notice to the Company must be made no later than the
close of business on the 15th day following the day on which the first public
announcement of the date of the special general meeting was made. The Policy
provides that the Board of Directors may, in its sole discretion, waive any
requirement of the Policy.


The Board of Directors intends to seek shareholder ratification of the Policy at
LNG's next Extraordinary General Meeting, to be held on November 6, 2013.


The full text of the Policy is available via SEDAR at www.sedar.com.

About LNG

LNG is a Canadian exploration and development company focused on developing oil
and gas properties in Papua New Guinea, Poland and Bulgaria. LNG holds in Papua
New Guinea a 16.85% net interest in PPL 319 and a 84.25% interest in 3
additional PPLs in northern Papua New Guinea (which collectively cover
approximately 5.5 million gross acres) and a 20% net interest in PRL 13 (which
covers approximately 42,000 gross acres). LNG has entered into a farm-in
agreement with subsidiaries of Heritage Oil PLC under which those subsidiaries
acquired an 80% interest in PPL 319 and PRL 13, subject to fulfillment of work
commitments under the farm-in agreement. LNG has a 20.18% net interest in
approximately 734,000 gross acres of prospective shales in Poland together with
BNK Petroleum Inc., Sorgenia E&P S.p.A., and Rohol-Aufsuchungs
Aktiengesellschaft. LNG is operator and has a 50% net interest in approximately
360,000 gross acres of prospective shales in Poland together with San Leon
Energy. LNG has entered into a farm-in agreement relating to 405,080 acres of
prospective argillite formation in Bulgaria with Direct Petroleum Bulgaria EOOD,
a subsidiary of TransAtlantic Petroleum Ltd. LNG also holds a 100% working
interest (80% net revenue interest) in approximately 13,000 net mineral acres of
oil and gas leases in Daniels and Sheridan Counties located in north east
Montana as well as a 100% working interest (79% net revenue interest) in
approximately 46,700 net acres of oil and gas leases in Cascade County, in
western Montana. LNG shares trade on the TSX Venture Exchange under the symbol
"LNG".


LNG ENERGY LTD.

David Nelson, President & CEO 

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


Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking
information" as such term is used in applicable Canadian securities laws,
including information regarding the advance policy notice. Forward-looking
information is based on plans and estimates of management at the date the
information is provided and certain factors and assumptions of management.
Forward looking information is subject to a variety of risks and uncertainties
and other factors that could cause plans, estimates and actual results to vary
materially from those projected in such forward-looking information. Factors
that could cause the forward-looking information in this news release to change
or to be inaccurate include, but are not limited to, the risks related to
unsatisfactory results of due diligence, international operations and doing
business in foreign jurisdictions, risks associated with the oil and gas
industry and exploratory and development activities generally (e.g., operational
risks in development, exploration and production, delays or changes in plans
with respect to exploration or development projects or capital expenditures,
risks associated with equipment procurement and equipment failure), the risk of
commodity price and foreign exchange rate fluctuations, risks related to future
royalty rate changes, and risks and uncertainties associated with securing and
maintaining necessary regulatory approvals, and counterparty risk related to the
stability and viability of the Company's joint venture participants.


Shares Outstanding: 577,353,340

FOR FURTHER INFORMATION PLEASE CONTACT: 
LNG Energy Ltd.
Investor Relations
1-778-373-0103
info@lngenergyltd.com
www.lngenergyltd.com

Lng Energy Ltd. (TSXV:LNG)
Historical Stock Chart
From Jun 2024 to Jul 2024

Lng Energy Ltd. (TSXV:LNG)
Historical Stock Chart
From Jul 2023 to Jul 2024