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Fairmount Energy Inc. and Rundle Energy Partners announce information package available.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STAT...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\nDISSEMINATION IN THE UNITED STATES OF AMERICA./\n\n\nCALGARY, Feb. 4 /CNW/ - Pursuant to the previously announced examination\nof strategic alternatives available to Fairmount Energy Inc. ("Fairmount" or\nthe "Company") (TSX-V - FMT) for enhancing shareholder value, Fairmount\nannounced today that an information package prepared by Fairmount's\nindependent financial adviser (the "Package"), Rundle Energy Partners\n("Rundle"), is available on Rundle's website at www.rundleenergy.com and on\nFairmount's website at www.fairmountenergy.com.\n\n\nThe Package contains information about Fairmount's existing oil and gas\nproperties as well as pro-forma reserves information as at December 31, 2008.\nThe pro-forma reserves information was prepared by Fairmount's independent\nreservoir engineering firm, GLJ Petroleum Consultants Ltd. ("GLJ"), based upon\ntheir previously prepared NI 51-101 Reserves Report as at March 31, 2008 with\nmathematical adjustments made to reflect the January 1, 2009 GLJ price\nforecast, production since March 31, 2008, changes to Alberta royalties under\nthe New Royalty Framework, property dispositions, and the addition or\nreclassification of reserves as a result of wells drilled since March 31, 2008\nin accordance with applicable criteria from the COGE Handbook. Fairmount's NI\n51-101 Reserves Data as at March 31, 2008 was filed on Sedar on June 27, 2008\nand is available at www.sedar.com.\n\n\nThe Package also identifies potential future drilling locations on\nCompany lands.\n\n\nUpdate on strategic alternatives:\n\n\nNo decision on any particular alternative has been reached at this time\nand there can be no assurance that the process will result in any change in\nthe Company's current plan to explore and develop its current oil and gas\nproperties or that the Company will pursue any particular transaction or\ncourse of action. Fairmount does not intend to make any further announcements\nregarding the process unless and until its Board of Directors has approved a\nspecific transaction or other course of action or otherwise deems disclosure\nof developments is appropriate.\n\n\nParties interested in participating in Fairmount's evaluation of\nstrategic alternatives should contact Rundle En...