CALGARY, Alberta and DENVER, April 11 /CNW/ -- Storm Cat
Energy Corporation (the "Company") (Amex: SCU; Toronto: SME) announces that it
has filed its 2005 year-end reserves information in accordance with National
Instrument 51-101. Estimates of reserves and projections of production were
based on an independent reserves evaluation prepared for the Company by
Netherland Sewell and Associates using data to December 31, 2005. The
evaluation was prepared in accordance with standards set out in the Canadian
Oil and Gas Evaluation Handbook (the "COGE Handbook"). The Company has also
filed Form 20F along with its annual financials. A copy of the reserve
report, Form 20F and the annual financials filed by the Company are available
on SEDAR at www.sedar.com under the profile for the Company.
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, exploration and
development acreage in Canada and Alaska. 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
/s/ J. Scott Zimmerman
Forward-looking Statements
CAUTIONARY STATEMENT: This publication contains certain "forward-looking
statements", as defined in the United States Private Securities Litigation
Reform Act of 1995 relating to matters such as the Company's drilling and
other exploration plans, and projected well economics. Forward-looking
statements are statements that are not historical facts; they are generally,
but not always, identified by the words "expects," "plans," "anticipates,"
"believes," "intends," "estimates," "projects," "aims," "potential," "goal,"
"objective," "prospective," and similar expressions, or that events or
conditions "will," "would," "may," "can," "could" or "should" occur.
Forward-looking statements are based on the beliefs, estimates and opinions of
Storm Cat's management on the date the statements are made; they involve a
number of risks and uncertainties. Consequently, 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.
Storm Cat undertakes no obligation to update these forward-looking statements
if management's beliefs, estimates or opinions, or other factors, should
change. Factors that could cause future results to differ materially from
those anticipated in these forward-looking statements include, but are not
limited to 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 risk that the Company will encounter unanticipated geological
factors, the Company's need for and availability of additional financing, the
possibility that the Company may not be able to secure permitting and other
governmental clearances necessary to carry out the Company's exploration and
development plans, and the other risk factors discussed in greater detail in
the Company's various filings on SEDAR with Canadian securities regulators and
its filings with the U.S. Securities and Exchange Commission, including the
Company's Form 20-F dated April 6, 2006.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
