CALGARY, May 4 /CNW/ - Pyramid Petroleum Inc. (TSXV: PYR) ("Pyramid" or the "Company") Pyramid provides its first bi-weekly Default Status Report under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults, pursuant to which Pyramid announced that the filing of its annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the year ended December 31, 2008 (the "Required Disclosure"), would be delayed beyond the filing deadline of April 30, 2009. Pyramid reports that since announcing the original Default Announcement on April 24, 2009, there have not been any material changes to the information contained therein; nor any failure by Pyramid to fulfill its intentions as stated therein, and there are no additional defaults or anticipated defaults subsequent to such announcement. Further, there have been no additional material changes respecting Pyramid and its affairs.
By way of press release dated April 24, 2009, Pyramid announced the delay in the preparation and filing of the Required Disclosure. Pyramid intends to file its next Default Status Report on Monday, May 18, 2009.
About Pyramid
Pyramid Petroleum is an oil and gas exploration and production company based in Houston, Texas. The Company's focus is on development of domestic and international hydrocarbon projects. Pyramid's primary assets are producing properties located in the Gulf of Mexico.
The Company's shares are listed on the TSX Venture Exchange under the symbol PYR.
Disclaimers
Neither 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.
Except for statements of historical fact, all statements in this press release, without limitation, regarding new projects and future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
%SEDAR: 00022259E