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NE

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Share Name Share Symbol Market Type
TSXV:NE 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 -

Nextraction Energy Corp. Announces Filing of Statement of Claim

28/11/2013 7:01pm

Marketwired Canada


THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE
SECURITIES DESCRIBED HEREIN


Nextraction Energy Corp. (TSX VENTURE:NE) (the "Company" or "Nextraction")
announces that it has filed a statement of claim with the Court of Queen's Bench
of Alberta in connection with a dispute between the Company and its joint
venture partner on the Provost property. Nextraction is seeking monetary
damages, costs and certain other remedies arising from the joint venture
partner's obligations under the Joint Venture Agreement.


About Nextraction Energy Corp.

Nextraction Energy Corp. is a Canadian junior oil and natural gas company
engaged in the exploration and development of oil and natural gas resources in
the Western Canadian Basin. The Company's model is the "next round of extraction
on known plays." Nextraction targets oil focused projects along trends with
known reserves that provide low risk, high return development opportunities in
both conventional and unconventional resource projects.


READER ADVISORY

Cautionary Note Regarding Forward Looking Statements

Certain statements made and information contained herein constitute
"forward-looking statements" or "forward-looking information" within the meaning
of applicable securities legislation. Often, but not always, forward-looking
statements or information can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes" or variations of such words and phrases or words and phrases that
state or indicate that certain actions, events or results "may", "may have",
"could", "would", "might" or "will" be taken, occur or be achieved.


These statements include, but are not limited to, those made above with respect
to future events or the Company's future actions and remedies being sought under
in connection with the Statement of Claim.


Although management believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no
assurance that a forward-looking statement or information herein will prove to
be accurate. Forward-looking statements and information by their nature are
based on assumptions and involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements,
or industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such assumptions, risks, uncertainties and factors include, but are
not limited to:




i.  the outcome of the litigation proceedings, but its nature is uncertain
    and subject to a high degree of risk; 
ii. whether or not the matters addressed in the Statement of Claim ever go
    before a court or are settled between the parties; 
iii.the response of Nextraction's joint venture partner to the Statement of
    Claim is unknown; and 
iv. the length of time it may take to resolve the dispute referred above is
    unknown, and there is no certainty that Nextraction may ever be able to
    recover any remedy, even if successful in any proceedings or settlement.



Although the Company has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated, described or intended. Actual
results may vary materially from the information provided in this release, and
there is no representation by the Company that the actual results realized in
the future will be the same in whole or in part as those presented herein.
Accordingly, readers should not place undue reliance on forward-looking
statements or forward-looking information. These statements speak only as of the
date of this News Release and are expressly qualified, in their entirety, by
this cautionary statement.


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: 
Nextraction Energy Corp.
Kent Edney, P.Eng.
President
(403) 514-2373


Nextraction Energy Corp.
Scott Badcock, CA
CFO
(403) 514-2399
info@nextraction.com
www.nextraction.com

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