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ATK

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Share Name Share Symbol Market Type
TSXV:ATK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Atikwa Resources Inc. Announces Strategic Focus on Spearfish Assets and Management Changes

30/09/2013 1:00pm

Marketwired Canada


Atikwa Resources Inc. ("Atikwa" or the "Company") (TSX VENTURE:ATK) is pleased
to announce that under the new management team, led by newly appointed CEO
Andrew Watts and CFO Garry Topolnitsky, several strategic initiatives are
underway to develop Atikwa into a high netback quality light oil producer within
key core operating areas supported by a newly created technical and operating
team. Atikwa will be concentrating on developing its Pierson Manitoba light oil
Spearfish assets and evaluating disposition of non-core assets. Net proceeds
realized from the disposition of non-core assets will be utilized to pay down
existing debt and fund a proposed 2014 drilling program.


As part of the ongoing strategic changes since the Company's annual and special
meeting of shareholders on August 30th, Atikwa has brought in a new team to
oversee the daily field operations of all Atikwa assets and is striving to be an
industry leading low cost operator. The new technical team is developing a
development drilling program in conjunction with evaluating potential Enhanced
Oil Recovery (EOR) schemes to maximize light oil reserves capture on Atikwa
assets. As part of the Company's shift in direction two of Atikwa's current
directors, Paul Baay and Trevor Mitzel are stepping down due to other
commitments, and to fill one of these vacancies, the remaining directors of
Atikwa have appointed Mackenzie Loree, CEO and Chairman of Petrostar Petroleum
Corp. Mr. Loree's appointment remains subject to the approval of the TSX Venture
Exchange.


The new Atikwa team looks forward to maximizing shareholder value by efficiently
and economically exploiting assets in the Spearfish core operating area while
continually evaluating accretive light oil opportunities.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atikwa Resources Inc.
Andrew Watts
403-233-6092

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