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PCG.H

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Share Name Share Symbol Market Type
TSXV:PCG.H 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 -

PetroCorp Group Inc. Announces Claims Notice

01/04/2011 10:20pm

Marketwired Canada


PetroCorp Group Inc. (NEX BOARD:PCG.H) (the "Corporation") announced today that
it has received from Powell Canada Inc. and affiliated companies (collectively,
"Powell") a claim notice and indemnity notice pursuant to the Asset Purchase
Agreements dated October 21, 2009 (the "APAs") and an Escrow Agreement dated
December 15, 2009, whereby Powell is claiming indemnification pursuant to the
APAs. The Corporation is reviewing the claim notice and indemnity notice
provided by Powell and will provide a further update once the Corporation has
determined its position with respect to these notices.


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