19th Aug 2013 07:00
CARACAL ENERGY INC. - Caracal FTSE UK Index Series InclusionCARACAL ENERGY INC. - Caracal FTSE UK Index Series Inclusion
PR Newswire
London, August 19
Caracal Energy receives UK Classification for FTSE UK Index Series Inclusion CALGARY, Aug. 19, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company")is pleased to announce that FTSE allocated the Company a UK classification forFTSE UK index series inclusion purposes. As part of the Company's UK classification, Caracal agreed to commit to adhereto the UK Takeover Code to the extent reasonably practicable, and, at its nextmeeting of shareholders, to propose to amend its Articles of Incorporation toadopt this approach. Gary Guidry, President and Chief Executive Officer , commented: "We are delighted to be given a UK classification as it positions Caracal wellto be included in the FTSE UK index series following FTSE's quarterly review inSeptember, which should open Caracal to a wider institutional audience." About Caracal Energy Inc. Based in Canada, Caracal Energy Inc. is an international exploration anddevelopment company focused on oil and gas exploration, development andproduction activities in the Republic of Chad, Africa. In 2011, the Companyacquired three production sharing contracts ("PSCs") from the government of theRepublic of Chad. These PSCs provide exclusive rights to explore and developreserves and resources over a combined area of 26,103 km2 in southern Chad. ThePSCs cover two world-class oil basins with development opportunity, oildiscoveries, and numerous exploration prospects. SOURCE: Caracal Energy Inc. For further information: Caracal Energy Inc.Gary Guidry, President and Chief Executive OfficerTrevor Peters, Chief Financial Officer403-724-7200 Longview Communications - Canadian Media EnquiriesAlan Bayless 604-694-6035Joel Shaffer 416-649-8006 FTI Consulting - UK Media EnquiriesBen Brewerton / Ed Westropp+ 44 (0) 207 8313 [email protected]
(CRCL)