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Zodiac Exploration Announces Results of AGM and Spud of 1-10 Horizontal Well
Jun. 21, 2011 (Filing Services Canada) -- Zodiac Exploration Inc. (ZEX - TSX Venture), announce...
About this update from Sintana Energy Inc.
[{"type":"text","content":"\nZodiac Exploration Announces Results of AGM and Spud of 1-10 Horizontal Well\n\n Jun. 21, 2011 (Filing Services Canada) -- Zodiac Exploration Inc. (ZEX - TSX Venture), announces that the Company received approval from its shareholders on all items submitted to shareholders for approval at its annual and special meeting of shareholders held on June 17, 2011.  Of note, the Company received approval to consolidate its common shares on a basis of one (1) common share for up to a maximum of four (4) issued and outstanding common shares(the \"Consolidation\"). The Consolidation ratio and timing for the implementation of a Consolidation, if any, is unknown at this time and will depend on the Company's consideration of a listing of its common shares on a stock exchange in the United States.  Additionally, pursuant to the resolution in respect of the Consolidation, the Board of Directors have the authority to abandon the Consolidation without any further approval or authorization from the shareholders of the Company.  Once a determination is made in respect of a Consolidation, Zodiac will update its shareholders accordingly.For further information, please refer to the Company's information circular dated May 13, 2011 and available on Zodiac's SEDAR profile at www.sedar.com. The Company also announces that in addition to the on-going completion and testing program for the 4-9 well in King's County, California, it has spud the 1-10 appraisal well. This well is situated approximately one mile east of the 4-9 well, and is planned as the Company's first horizontal well.  The 4-9 test results, combined with geological and geophysical data gathered to date, will determine the placement of the horizontal leg in the 1-10 well. For more information, please contactZodiac Exploration Inc. \t\tRandy Neely\t\tChief Financial Officer\t\t\t(403) 444-7848\t\tOrZodiac Exploration Inc.Murray RodgersPresident & CEO(403) 444-7844Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward Looking StatementsThis press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as \"forward-looking statements\"...