CALGARY, ALBERTA–(Marketwired – Sept. 30, 2013) – Kallisto Energy Corp. (TSX VENTURE:KEC) (“Kallisto” or the “Company”) announces that it has filed drilling logs, samples and tour sheets from its 16-26-027-01 W5 Elkton test well with the Alberta Energy Regulator in compliance with the well license conditions. In addition, the Company reports that completion activities on the well are continuing, with the well having now been perforated and acidized and pressure recording devices placed in the wellbore in accordance with the well license. Further information will be made available as it is obtained and interpreted by Kallisto.
Kallisto is a Calgary-based junior resource company engaged in the exploration, development and production of oil and natural gas, primarily in Alberta.
The reader is advised that some of the information contained herein may constitute forward-looking statements within the meaning assigned by National Instrument 51-102 and other relevant securities legislation. It includes, but is not limited to, statements with respect to the evaluation and potential results from the 16-26 well. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “scheduled”, “potential”, or other similar words, or statements that certain events or conditions “may”, “should” or “could” occur. Forward-looking information is based on the Company’s expectations regarding its future growth, results of operations, production, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, plans for and results of drilling activity, environmental matters, business prospects and opportunities. Such forward-looking information reflects management’s current beliefs and assumptions and is based on information currently available to it. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
Forward-looking information involves significant known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking information including risks associated with the impact of general economic conditions, industry conditions, governmental regulation, volatility of commodity prices, currency fluctuations, imprecision of reserve and resource estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the Corporation’s ability to access sufficient capital from internal and external sources. Additional risks and uncertainties are described in the Company’s and Annual Information Form dated April 30, 2013 which is filed under the Company’s SEDAR profile at www.sedar.com.
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President and Chief Executive Officer