Troy Energy Corp. Announces Acquisition of Petroleum & Natural Gas Leases
21 Mars 2012 - 7:20PM
Marketwired Canada
Troy Energy Corp. (the "Corporation" or "Troy") (NEX:TEG.H) announces that is
has acquired four Petroleum & Natural Gas Leases in Eastern Saskatchewan, north
of the Town of Pelly. The Leases were acquired via Crown Land sales for an
aggregate cost of $106,172.50 and cover an aggregate net acreage of 8,960 acres.
Subject to further diligence, acquisition of surface rights and financing, the
Corporation expects to conduct an exploratory drilling program under the Leases
in 2012.
Forward Looking Statements
Except for statements of historical fact relating to the Corporation, certain
information contained herein constitutes forward-looking statements.
Forward-looking statements are based on the opinions and estimates of management
at the date the statements are made, and are 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. The
Corporation undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.
Troy Energy (TSXV:TEG.H)
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