CALGARY, Alberta and DENVER, Oct. 21 /CNW/ -- Storm Cat
Energy Corporation (Amex: SCU; Toronto: SME) today announced that Scott
Zimmerman, President and Chief Executive Officer will perform the honorary
ringing of the opening bell on the American Stock Exchange (AMEX) on Monday,
October 24, 2005. Also representing Storm Cat Energy Corporation will be Paul
Wiesner, Chief Financial Officer, Keith Knapstad, Vice President, and Barbara
Zimmerman, Director of Land. Storm Cat began trading on the 84-year-old AMEX
under the trading symbol "SCU" on October 3, 2005. Investors and analysts
interested in witnessing this milestone event of the Company may do so via the
Internet at www.amex.com and by clicking on the Storm Cat name under the "Bell
Ringing Close Up" caption which can be found on the AMEX's home page.
Commenting on this historic occasion, Scott Zimmerman, President of Storm
Cat said: "We are now in an exciting growth phase for Storm Cat, with a
handful of rigs drilling on our core operating properties and production on
the rise. We are at an expanding stage of our development, and are excited
about the execution of our long-term strategy to build the best company in the
oil and gas business. We believe our listing on the AMEX will have a
meaningful and positive impact on our future growth and ultimately value
realization for our shareholders."
Paul Wiesner, Storm Cat's CFO said: "As Storm Cat continues its
transformation from an early-stage exploration company into one with a highly
experienced managerial staff with a track record of exploring and developing
large unconventional resource plays, it is great to become a part of such a
storied exchange. We believe this AMEX listing will support our long-term
vision of growth."
About Storm Cat Energy
Storm Cat Energy is an independent oil and gas company focused on the
pursuit, exploration and development of large unconventional gas reserves from
fractured shales, coal beds and tight sand formations. The Company has
producing properties in Wyoming's Powder River Basin, exploitation/development
acreage in Canada and Alaska, and high-risk, high-reward exploration acreage
in Mongolia. The Company's shares trade on the American Stock Exchange under
the symbol "SCU" and in Canada on the TSX Venture Exchange under the symbol
"SME."
By Order of the Board of Directors
Storm Cat Energy Corporation
J. Scott Zimmerman
President and Chief Executive Officer
Caution Regarding Forward-Looking Statements
This publication contains certain "forward-looking statements", as defined
in the United States Private Securities Litigation Reform Act of 1995. Such
statements are based on the Company's current expectations, estimates and
projections about the industry, management's beliefs and certain assumptions
made by it; and involve a number of risks and uncertainties including but not
limited to economic, competitive, governmental and geological factors
affecting the Company's operations, markets, products and prices and other
risk factors. Words such as "anticipates", "expects", "intends", "plans",
"believes" or similar expressions are intended to identify forward-looking
statements. There can be no assurances that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements. Factors that could cause future results
to differ materially from those anticipated in these forward-looking
statements include the volatility of natural gas prices, the possibility that
exploration efforts will not yield economically recoverable quantities of gas,
accidents and other risks associated with gas exploration and development
operations, the Company's need for and ability to obtain additional financing,
the ability to attract and retain experienced personnel, the ability to
maintain the Company's listing on the American Stock Exchange and the other
risk factors discussed in greater detail in the Company's various filings with
the Securities and Exchange Commission and Canadian securities regulators,
including the Company's Form 20-F filed with the Securities and Exchange
Commission on July 1, 2005.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
