Vecta Energy Corporation -Montana Bakken Light Oil Update
CALGARY, ALBERTA -- (Marketwire) -- 08/15/11 -- Vecta Energy Corporation (TSX VENTURE:VER) ("Vecta" or the "Company") announces that discussions are ongoing with Vecta Oil & Gas, Ltd. ("VOG") to revise the joint venture agreement in order to structure a deal which better reflects a new strategy. The parties have agreed to a deadline of August 31, 2011 in order to finalize the terms of a new agreement.
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This news release contains forward-looking statements relating to the Company's plans and other aspects of the Company's anticipated future operations, strategies, financial and operating results and business opportunities. Forward-looking statements typically use words such as "anticipate", "believe", "project", "expect", "plan", "intent" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future, or consists of statements regarding estimates of future production, operating costs or other expectations, beliefs, plans, objectives, assumptions or statements about future events or performance. Statements regarding reserves are also forward-looking statements, as they reflect estimates as to the expectation that the deposits can be economically exploited in the future.
Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and you should not unduly rely on forward-looking statements. The forward-looking statements contained in this news release are made as the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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