Compton Petroleum Updates Status of Strategic Review

About this update from Cullinan Metals Corp

[{"type":"text","content":"\n\n\n\nCALGARY, May 26 /CNW/ - Compton Petroleum Corporation (TSX - CMT, NYSE -\nCMZ) wishes to provide an update on the status of the strategic review being\nconducted by the Special Committee of the Board of Directors. The Special\nCommittee has received interim reports from Management and from its\nindependent Financial Advisors, Tristone Capital Inc. and UBS Securities\nCanada Inc. The Financial Advisors have reported that they expect to be in a\nposition to deliver their final reports to the Special Committee on or about\nJune 10, 2008. The Special Committee will promptly report its recommendations\nto the full Board of Directors. Depending upon the determinations of the\nSpecial Committee and the Board of Directors as to whether further analysis or\ninformation is required, it is presently expected that a news release will be\nissued mid-June as to the results of the strategic review process and\npotential courses of action.\n\n\nCompton Petroleum Corporation is a Calgary-based public company actively\nengaged in the exploration, development, and production of natural gas,\nnatural gas liquids, and crude oil in the Western Canada Sedimentary Basin.\nCompton's shares are listed on the Toronto Stock Exchange under the symbol CMT\nand on the New York Stock Exchange under the symbol CMZ.\n\n\n%SEDAR: 00003803E %CIK: 0001043572\n\n\n","length":1401,"tagName":"div"}]

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