PetroMagdalena Energy announces conference call regarding operational update and fourth quarter 2011 results
02 April 2012 - 9:32AM
PR Newswire (Canada)
TORONTO, April 2, 2012 /CNW/ - PetroMagdalena Energy Corp. will be
issuing its results for the three and twelve month periods ended
December 31, 2011 before market open on Tuesday, April 10, 2012.
The Company will also be filing its updated year-end National
Instrument 51-101 F1, F2, F3 and F4 forms and its annual
information form. A conference call will be held on Tuesday,
April 10, 2012, at 9:00 a.m. Eastern Time to provide an operational
update and to discuss the year-end 2011 results. In conjunction
with the filing of quarterly and year-end results, PetroMagdalena
Energy will provide an operational update. Call-in details are as
follows: Toronto & (647) 427-7450 International: North (888)
America: 231-8191 Conference 66765074 ID: A playback of this
conference call will be available by dialling 416-849-0833 with the
above conference ID number until April 24, 2012. PetroMagdalena is
a Canadian-based oil and gas exploration and production company,
with working interests in 19 properties in five basins in Colombia.
Further information can be obtained by visiting our website at
www.petromagdalena.com. All monetary amounts in U.S. dollars unless
otherwise stated. This news release contains certain
"forward-looking statements" and "forward-looking information"
under applicable Canadian securities laws concerning the business,
operations and financial performance and condition of
PetroMagdalena. Forward-looking statements and forward-looking
information include, but are not limited to, statements with
respect to estimated production and reserve life of the various oil
and gas projects of PetroMagdalena; the estimation of oil and gas
reserves; the realization of oil and gas reserve estimates; the
timing and amount of estimated future production; costs of
production; success of exploration activities; and currency
exchange rate fluctuations. Except for statements of historical
fact relating to the company, certain information contained herein
constitutes forward-looking statements. Forward-looking statements
are frequently characterized by words such as "plan," "expect,"
"project," "intend," "believe," "anticipate", "estimate" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are
made, and are based on a number of assumptions and subject to a
variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
projected in the forward-looking statements. Many of these
assumptions are based on factors and events that are not within the
control of PetroMagdalena and there is no assurance they will prove
to be correct. Factors that could cause actual results to vary
materially from results anticipated by such forward-looking
statements include changes in market conditions, risks relating to
international operations, fluctuating oil and gas prices and
currency exchange rates, changes in project parameters, the
possibility of project cost overruns or unanticipated costs and
expenses, labour disputes and other risks of the oil and gas
industry, failure of plant, equipment or processes to operate as
anticipated. Although PetroMagdalena has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
PetroMagdalena undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements. 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 news release. PetroMagdalena Energy Corp. CONTACT:
Michael DaviesChief Financial Officer(416) 360-7915Belinda
LabatteInvestor Relations Representative(647) 436-2152
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