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 for
FTSE UK index series inclusion purposes.
As part of the Company's UK classification, Caracal agreed to commit to adhere
to the UK Takeover Code to the extent reasonably practicable, and, at its next
meeting of shareholders, to propose to amend its Articles of Incorporation to
adopt this approach.
Gary Guidry, President and Chief Executive Officer , commented:
"We are delighted to be given a UK classification as it positions Caracal well
to be included in the FTSE UK index series following FTSE's quarterly review in
September, which should open Caracal to a wider institutional audience."
About Caracal Energy Inc.
Based in Canada, Caracal Energy Inc. is an international exploration and
development company focused on oil and gas exploration, development and
production activities in the Republic of Chad, Africa. In 2011, the Company
acquired three production sharing contracts ("PSCs") from the government of the
Republic of Chad. These PSCs provide exclusive rights to explore and develop
reserves and resources over a combined area of 26,103 km2 in southern Chad. The
PSCs cover two world-class oil basins with development opportunity, oil
discoveries, and numerous exploration prospects.
SOURCE: Caracal Energy Inc.
For further information:
Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
403-724-7200
Longview Communications - Canadian Media Enquiries
Alan Bayless 604-694-6035
Joel Shaffer 416-649-8006
FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113
caracalenergy.sc@fticonsulting.com
(CRCL)
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