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News
09.07.2009
German Oil and Gas intends to apply for graduation to entry standard level in the future.
German Oil and Gas intends to apply for graduation to entry standard level in the future.
German Oil and Gas AG (Frankfurt symbol: GMS) (WKN: A0Q7GH) is pleased to announce that GOG will be completing the necessary requirements in the upcoming months in order to apply for acceptance to the entry standard level. Acceptance is the decision of Deutsche Boerse AG, but our intention is to meet the necessary requirements and make an application.
The graduation to the entry standard level will allow German Oil and Gas AG to have access to a broader spectrum of investment avenues for the growth of the company.
Upon acceptance of entry standard level and other necessary requirements set out by German regulators, German oil and gas will be arranging a financing through various investment banks that have existing relationships with our board members. Funds will be used for drilling on various projects for GOG. We hope that our drill program will be one that clearly proves our initial reserve estimates so that we can begin producing in the near future. Our company will not be doing any financing until the necessary requirements are met by all German regulators.
Mr. Cameron King states, “German oil and gas strives to become a market leader by ensuring that shareholders will have transparency so they are fully informed of all projects and operations of German oil and gas. We are excited to keep the company moving forward by our steps of moving to entry standard level and then arranging a financing through institutional investment banks in order to begin drilling on our property that will cement our initial reserve estimates.”
About German Oil and Gas AG.
German Oil and Gas is an oil and gas development company focusing on the exploration, acquisition, and development of various oil and gas concessions around the world. Corporate efforts are focused on improving shareholder value through “growth by the drill bit” production and acquisition strategies.
Contact:
German Oil and Gas AG
Cameron King, MBA
President and Chief Executive Officer
Website: www.germanoilandgas.de
E mail: info@germanoilandgas.com
Phone: +49 (0) 69 - 710456-508 Fax: +49 (0) 69 - 710456-450
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that German Oil and Gas AG expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although German Oil and Gas AG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of German Oil and Gas' management on the date the statements are made. German Oil and Gas undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No regulatory authority has passed upon the merits of the proposed transaction and has not approved nor disapproved the contents of this press release.
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German Oil and Gas AG (Frankfurt symbol: GMS) (WKN: A0Q7GH) is pleased to announce that GOG will be completing the necessary requirements in the upcoming months in order to apply for acceptance to the entry standard level. Acceptance is the decision of Deutsche Boerse AG, but our intention is to meet the necessary requirements and make an application.
The graduation to the entry standard level will allow German Oil and Gas AG to have access to a broader spectrum of investment avenues for the growth of the company.
Upon acceptance of entry standard level and other necessary requirements set out by German regulators, German oil and gas will be arranging a financing through various investment banks that have existing relationships with our board members. Funds will be used for drilling on various projects for GOG. We hope that our drill program will be one that clearly proves our initial reserve estimates so that we can begin producing in the near future. Our company will not be doing any financing until the necessary requirements are met by all German regulators.
Mr. Cameron King states, “German oil and gas strives to become a market leader by ensuring that shareholders will have transparency so they are fully informed of all projects and operations of German oil and gas. We are excited to keep the company moving forward by our steps of moving to entry standard level and then arranging a financing through institutional investment banks in order to begin drilling on our property that will cement our initial reserve estimates.”
About German Oil and Gas AG.
German Oil and Gas is an oil and gas development company focusing on the exploration, acquisition, and development of various oil and gas concessions around the world. Corporate efforts are focused on improving shareholder value through “growth by the drill bit” production and acquisition strategies.
Contact:
German Oil and Gas AG
Cameron King, MBA
President and Chief Executive Officer
Website: www.germanoilandgas.de
E mail: info@germanoilandgas.com
Phone: +49 (0) 69 - 710456-508 Fax: +49 (0) 69 - 710456-450
This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that German Oil and Gas AG expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. Although German Oil and Gas AG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of German Oil and Gas' management on the date the statements are made. German Oil and Gas undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No regulatory authority has passed upon the merits of the proposed transaction and has not approved nor disapproved the contents of this press release.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0044583075
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.