/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES OF AMERICA/
CALGARY, June 12 /CNW/ - Fairmount Energy Inc. ("Fairmount" or the "Company") (TSX-V - FMT) is pleased to announce the commencement of its 5 well summer drilling program.
Drilling has commenced on the first (0.5 net) of 2 wells (1 net) planned for the Gold Creek area in the summer drilling program. These wells are targeting multi-zone liquid-rich gas and oil.
In addition, as part of Fairmount's strategy in exploring for oil reserves, the company plans to drill 2 wells (2 net) in the Chin Coulee area of southern Alberta. These wells are planned for early July as surface conditions permit. Fairmount will also drill one well (1 net) following up our January, 2008 discovery in the Thorsby area of west central Alberta.
About Fairmount
Fairmount is an emerging junior oil and gas exploration, development and production company with oil and gas properties located in Alberta, Canada. Fairmount trades on the TSX Venture Exchange as FMT and currently has 17,184,389 common shares outstanding. Additional information regarding Fairmount can be found at their website www.fairmountenergy.com and on sedar at www.sedar.com.
Forward-Looking Information
This news release contains forward-looking information, including but not limited to future exploration and development plans. This information relates to future events or the Company's future performance. All statements other than statements of historical fact are forward-looking information. By its nature, forward-looking information involves numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur.
Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company can not guarantee future results, levels of activity, performance, or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward-looking information. Some of the risks and other factors, some of which are beyond the Company's control, which could cause results to differ materially from those expressed in the forward-looking information contained in this news release include, but are not limited to failure to obtain industry partner and other third party consents and approvals, when required; and third party performance of obligations under contractual arrangements. Subject to the company's obligations under applicable securities laws, the Company is not under any duty to update any of the forward-looking information after the date of this news release to conform such information to actual results or to changes in the Company's expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.