| April 25, 2008
TSX-V:LEY
NEWS RELEASE
STATEMENT OF RESERVES DATA AND OTHER OIL AND GAS INFORMATION FORM 51-101 F1
Calgary, Alberta, Canada, April 25, 2008 – Loon Energy Inc. (“Loon”) (TSX-V: LEY) announces that the Statement of Reserves Data and Other Oil and Gas Information, Form 51-101, has been filed on SEDAR (www.sedar.com).
Loon is an international oil and gas exploration and production company having direct interests in Brunei, Syria, Colombia, Perú and Slovenia and exposure to a major exploration and development program in Pakistan through its shareholding in Jura Energy Corporation. For further information, please refer to the Loon website (www.loon-energy.com) or contact the following:
| Loon Contacts: |
Calgary:
Norman W. Holton
Executive Chairman
Phone: (403) 264-8877
Investor Relations
Gordon Aldcorn
Brisco Capital Partners Corp. (Calgary)
Phone: +403-262-9888
galdcorn@shaw.ca |
Dubai:
Timothy M. Elliott
President and Chief Executive Officer
Jock M. Graham
Executive Vice President
Phone: +971-4-339-5212 |
Some of the statements contained in this release may be forward-looking statements. Forward-looking statements may include, but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company’s projects and other statements which are not historical facts. When used in this document, and in other published information of the Company, the words such as “could,” “estimate,” “expect,” “intend,” “may,” “potential,” “should,” and similar expressions are indicative of a forward-looking statement. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, the potential results suggested by such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors, which could cause actual results to differ from these forward-looking statements, include the potential that the Company’s projects will experience technical and mechanical problems, geological conditions in the reservoir which may negatively impact levels of oil and gas production and changes in product prices and other risks not anticipated by the Company or disclosed in the Company’s published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
The TSX Venture Exchange has neither approved
nor disapproved of the information contained herein.
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