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Press release from Marketwire

Shoreline Energy Corporation Announces Updated Corporate Presentation and Reiterates Production Guidance

Thursday, January 26, 2012

Shoreline Energy Corporation Announces Updated Corporate Presentation and Reiterates Production Guidance09:00 EST Thursday, January 26, 2012CALGARY, ALBERTA--(Marketwire - Jan. 26, 2012) -NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.Shoreline Energy Corporation (TSX:SEQ) ("Shoreline") is pleased to publish an updated corporate presentation and reiterates production guidance for the first quarter of 2012. Shoreline's updated corporate presentation is available on the investor relations page of the corporate website at www.shorelineenergy.ca/investor-relations.Q1 2012 GuidanceShoreline expects to average approximately 1,775 BOE/D for the first quarter of 2012 and a March exit production rate exceeding 1,900 BOE/D. Total net capital expenditures are anticipated to be $5.5 to $6.5 million in the first quarter of 2012 as Shoreline continues to develop projects which further our goal of reaching a 50/50 oil to gas production weighting. Investor Information Currently, Shoreline has 5,640,882 common shares, 5,909,549 common share purchase warrants and 383,100 options outstanding. Shoreline is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's common shares are currently listed on the TSX under the trading symbol "SEQ." Additional information regarding Shoreline is available under the Corporation's profile at www.sedar.com or at the Corporation's website, www.shorelineenergy.ca.Forward Looking and Cautionary Statements This news release contains forward-looking statements relating to the Corporation's plans and other aspects of the Corporation's anticipated future operations, strategies, financial and operating results and business opportunities. These forward-looking statements may include opinions, assumptions, estimates, management's assessment of value, reserves, future plans and operations. Forward-looking statements typically use words such as "will," "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "should," "plan," and similar expressions suggesting future outcomes, and include statements that actions, events or conditions "may," "would," "could," or "will" be taken or occur in the future. The forward-looking statements are based on various assumptions including expectations regarding the success of current or future drill wells; the outlook for petroleum and natural gas prices; estimated amounts and timing of capital expenditures; estimates of future production; assumptions concerning the timing of regulatory approvals; the state of the economy and the exploration and production business; results of operations; business prospects and opportunities; future exchange and interest rates; the Corporation's ability to obtain equipment in a timely manner to carry out development activities; and the ability of the Corporation to access capital and credit. While the Corporation considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. All dollar figures shown are un audited and are estimates only. Forward-looking statements are subject to a wide range of assumptions, known and unknown risks and uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur, including, without limitation: risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation; loss of markets; volatility of commodities prices; currency fluctuations; imprecision of reserves estimates; environmental risks; competition from other producers; inability to retain drilling rigs and other services; incorrect assessment of the value of acquisitions; failure to realize the anticipated benefits of acquisitions; general economic conditions; delays resulting from or inability to obtain required regulatory approvals and to satisfy various closing conditions; and ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive. Although Shoreline believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and you should not rely unduly on forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by applicable law, Shoreline does not undertake any obligation to publicly update or revise any forward-looking statements.Note Regarding BOEs The term barrel of oil equivalent ("BOE") may be misleading, particularly if used in isolation. A conversion ratio for gas of 6 MCF : 1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. FOR FURTHER INFORMATION PLEASE CONTACT: Mr. Trevor FolkShoreline Energy CorporationChief Executive Officertfolk@shorelineenergy.caORCalgary OfficeShoreline Energy Corporationc/o Suite 400, 209-8th Ave SWCalgary, Alberta, T2P 1B8(403) 767.9066ORToronto OfficeShoreline Energy CorporationSuite 103, 145 King Street WestToronto, Ontario, M5H 1J8www.shorelineenergy.ca