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LNG Lng Energy Ltd.

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Share Name Share Symbol Market Type
Lng Energy Ltd. TSXV:LNG 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 -

LNG Energy Ltd.'s Acquisition of Enterprise Energy Resources Ltd. Receives Shareholder Approval

14/08/2013 12:13am

Marketwired Canada


LNG Energy Ltd. ("LNG") (TSX VENTURE:LNG) is pleased to announce that the
shareholders of Enterprise Energy Resources Ltd. (TSX VENTURE:EER)
("Enterprise") have approved the acquisition of Enterprise by LNG. The
transaction is subject to final regulatory and court approvals.


Under the terms of the acquisition, each one Enterprise common share will be
exchanged for five common shares ("Exchange Ratio") in the capital of LNG (each
common LNG share being an "LNG Share"). Enterprise stock options will be
converted to LNG options on the same basis as the common shares.


About LNG

LNG is a Canadian exploration and development company focused on developing oil
and gas properties in Papua New Guinea, Poland and Bulgaria. LNG holds in Papua
New Guinea a 13.7% net interest in PPL 319 and a 68.5% interest in 3 additional
PPLs in northern Papua New Guinea (which collectively cover approximately 5.5
million gross acres) and a 20% net interest in PRL 13 (which covers
approximately 42,000 gross acres). LNG has entered into a farm-in agreement with
subsidiaries of Heritage Oil PLC under which those subsidiaries acquired an 80%
interest in PPL 319 and PRL 13, subject to fulfillment of work commitments under
the farm-in agreement. LNG has a 20.18% net interest in approximately 734,000
gross acres of prospective shales in Poland together with BNK Petroleum Inc.,
Sorgenia E&P S.p.A., and Rohol-Aufsuchungs Aktiengesellschaft. LNG is operator
and has a 50% net interest in approximately 360,000 gross acres of prospective
shales in Poland together with San Leon Energy. LNG has entered into a farm-in
agreement relating to 405,080 acres of prospective argillite formation in
Bulgaria with Direct Petroleum Bulgaria EOOD, a subsidiary of TransAtlantic
Petroleum Ltd. LNG shares trade on the TSX Venture Exchange under the symbol
"LNG".


LNG ENERGY LTD.

David Nelson, President & CEO 

Neither 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


Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute "forward-looking
information" as such term is used in applicable Canadian securities laws,
including information regarding the acquisition. Forward-looking information is
based on plans and estimates of management at the date the information is
provided and certain factors and assumptions of management, including that the
acquisition will close. Forward looking information is subject to a variety of
risks and uncertainties and other factors that could cause plans, estimates and
actual results to vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking information in this
news release to change or to be inaccurate include, but are not limited to, the
risks related to unsatisfactory results of due diligence, international
operations and doing business in foreign jurisdictions, risks associated with
the oil and gas industry and exploratory and development activities generally
(e.g., operational risks in development, exploration and production, delays or
changes in plans with respect to exploration or development projects or capital
expenditures, risks associated with equipment procurement and equipment
failure), the risk of commodity price and foreign exchange rate fluctuations,
risks related to future royalty rate changes, and risks and uncertainties
associated with securing and maintaining necessary regulatory approvals, and
counterparty risk related to the stability and viability of the Company's joint
venture participants.


Shares Outstanding: 338,719,365 

FOR FURTHER INFORMATION PLEASE CONTACT: 
LNG Energy Ltd.
Investor relations:
1-778-373-0103
info@lngenergyltd.com

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