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DEI

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Share Name Share Symbol Market Type
TSXV:DEI 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 -

Donnybrook Energy Inc. Announces Conveyance of Assets

02/02/2012 12:46am

Marketwired Canada


Donnybrook Energy Inc. ("Donnybrook") (TSX VENTURE:DEI) reports that Donnycreek
Energy Inc. ("Donnycreek") has exercised its option and concluded the purchase
of certain petroleum and natural gas rights (the "Purchased Assets") from
Donnybrook for a purchase price of approximately $2.3 million. The option was
granted to Donnycreek pursuant to the arrangement agreement made as of October
3, 2011 and in connection with the previously concluded plan of arrangement (the
"Arrangement") involving the companies which closed on November 4, 2011. 


The Purchased Assets are comprised of 9 gross sections of lands prospective for
Montney liquid rich resource development in the Kakwa area of Alberta acquired
by Donnybrook from September 1, 2011 to November 4, 2011 which are within 8
kilometres (5 miles) of the assets conveyed to Donnycreek by Donnybrook on
November 4, 2011 pursuant to the Arrangement. 


Donnybrook holds interests in 45 gross (22.5 net) sections of petroleum and
natural gas rights in the Bigstone-Simonette-Resthaven liquid rich natural gas
resource play in the Deep Basin area of West Central Alberta providing a
potential drilling inventory of up to an equivalent of 180 gross (90 net)
Montney horizontal drilling locations.


Further information relating to Donnybrook is also available on its website at
www.donnybrookenergy.ca.


ON BEHALF OF THE BOARD OF DONNYBROOK ENERGY INC.

Malcolm F.W. Todd, Chief Executive Officer

FORWARD-LOOKING STATEMENTS

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), including statements
regarding potential drilling inventories. By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of which are
beyond Donnybrook's control, including the impact of general economic
conditions, industry conditions, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, operational
risks in exploration and development, competition from other industry
participants, the lack of availability of qualified personnel or management,
stock market volatility and the ability to access sufficient capital from
internal and external sources. Although Donnybrook believes that the
expectations in the forward-looking statements are reasonable, the
forward-looking statements have been based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and assumptions
are based upon currently available information. Such statements are subject to
known and unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward looking information. As
such, readers are cautioned not to place undue reliance on the forward looking
information, as no assurance can be provided as to future results, levels of
activity or achievements. The risks, uncertainties, material assumptions and
other factors that could affect actual results are discussed in Donnybrook's
Annual Information Form, management's discussion and analysis and other
documents available at www.sedar.com. Furthermore, the forward-looking
statements contained in this document are made as of the date of this document
and, except as required by applicable law, Donnybrook does not undertake any
obligation to publicly update or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise.
The forward-looking statements contained in this document are expressly
qualified by this cautionary statement.


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