NXE.B Nexstar Energy Ltd Com Npv Class b

Nexstar Energy Ltd. (TSX VENTURE:NXE.A) (TSX VENTURE:NXE.B) ("Nexstar Energy" or
the "Company") announces that it has acquired a 100% working interest in 1,120
gross acres of undeveloped lands in the Pembina area for a purchase price of
approximately $470,000. This acquisition increases the Company's net undeveloped
land holdings in the Pembina area by 42% and adds multiple horizontal Cardium
drilling locations to the Company's drilling inventory. Nexstar Energy now holds
9,440 gross acres (3,753 net acres) of undeveloped lands in the Pembina area
which provide in excess of 45 horizontal Cardium drilling locations with working
interests varying between 20% and 100%.


The Company also advises that a further 300,000 Class A Shares have recently
been issued as a result of the exercise of warrants issued pursuant to a Private
Placement that closed on November 21, 2008.


About Nexstar Energy

Nexstar Energy is an emerging junior oil and gas company focused on the drilling
and development of its Cardium light oil prospects in the Pembina area of west
central Alberta.


Reader Advisory

This news release may contain certain forward-looking statements, which include
assumptions with respect to (i) production; (ii) future capital expenditures;
(iii) funds from operations; (iv) cash flow; and (v) debt levels. The reader is
cautioned that assumptions used in the preparation of such information may prove
to be incorrect. All such forward-looking statements involve substantial known
and unknown risks and uncertainties, certain of which are beyond the Company's
control. Such risks and uncertainties include, without limitation, risks
associated with oil and natural gas exploration, development, exploitation,
production, marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to retain
drilling rigs and other services, delays resulting from or inability to obtain
required regulatory approvals and ability to access sufficient capital from
internal and external sources, the impact of general economic conditions in
Canada and the United States, 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
foreign exchange or interest rates, stock market volatility and market
valuations of companies with respect to announced transactions and the final
valuations thereof, and obtaining required approvals of regulatory authorities.
The Company's actual results, performance or achievements could differ
materially from those expressed in, or implied by, these forward-looking
statements and, accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if any
of them do, what benefits, including the amount of proceeds, the Company will
derive therefrom. Readers are cautioned that the foregoing list of factors is
not exhaustive. All subsequent forward-looking statements, whether written or
oral, attributable to the Company or persons acting on its behalf are expressly
qualified in their entirety by these cautionary statements. Furthermore, the
forward-looking statements contained in this news release are made as at the
date of this news release and the Company does not undertake any obligation to
update publicly or to revise any of the included forward-looking statements,
whether as a result of new information, future events or otherwise, except as
may be required by applicable securities laws.


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.


92,668,169 Class A Shares

1,080,000 Class B Shares

Nexstar Energy Ltd Com Npv Class b (TSXV:NXE.B)
Historical Stock Chart
From May 2024 to Jun 2024

Nexstar Energy Ltd Com Npv Class b (TSXV:NXE.B)
Historical Stock Chart
From Jun 2023 to Jun 2024