TULSA, Okla., Dec. 28 /PRNewswire-FirstCall/ -- American Natural Energy Corporation ("ANEC") (TSX Venture: ANR.U) announced it has reached an agreement with eight working interest owners to acquire an aggregate additional 5.875% share of the working interest in its Bayou Couba Field, St. Charles Parish, Louisiana. ANEC will pay a total of US$144,500 in cash along with the issuance of 325,000 shares of its common stock for the acquisition of these interests. Issuance of the shares is subject to TSX Venture Exchange approval.
ANEC is a Tulsa, Oklahoma based independent exploration and production company with operations in St. Charles Parish, Louisiana. For further information please contact Michael Paulk, CEO at 918-481-1440 or Steven P. Ensz, CFO at 281-367-5588.
Neither the 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.
This Press Release may contain statements which constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of ANEC, its directors, or its officers with respect to the future business, well drilling and operating activities and performance of ANEC. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The actual results and outcome of events may differ materially from those in the forward-looking statements as a result of various factors. The levels of and fluctuations in the prices for natural gas and oil and the demand for those commodities, the outcome of ANEC's development and exploration activities, including the success of its current and proposed well drilling activities and the availability of capital to pursue those activities could affect ANEC and its future prospects. Important additional factors that could cause such differences are described in ANEC's periodic reports and other filings made with the Securities and Exchange Commission and may be viewed at the Commission's Website at http://www.sec.gov/.
American Natural Energy Corporation
CONTACT: Michael Paulk, CEO, +1-918-481-1440, or Steven P. Ensz, CFO,
+1-281-367-5588, both of American Natural Energy Corporation, Fax,
+1-918-481-1473
Web Site: http://www.annrg.com/
