VANCOUVER, Canada – – Stamper Oil & Gas Corp. (TSX-V: STMP) (FSE: TMP2) (OTCQB: STMGF) (“Stamper” or “the Company”) provides clarity on the press release issued on February 12, 2018 and October 10, 2017.
The transaction described in February 12, 2018 release indicates that the Company has a direct 35% interest in Block 25 in Sudan.
The company does not have any direct operations or assets in Sudan and the company does not have a 35-percent-working interest in Block 25 prospect.
The Company would like to clarify information on the transaction with State Oil Corporation (“State”) that the MOU announced in the October 10, 2017 news release has not closed and is still subject to approval by the TSX Venture Exchange (“TSX.V”). State Oil Corporation (“State”) may farm-in up to a 50% interest pursuant to the Memorandum of Understanding (“MOU”) with Sudapet. State has an office and technical personnel in Sudan and upon approval of TSX.V, State will become a 100% wholly owned operating subsidiary of Stamper.
About Stamper Oil and Gas
Stamper Oil and Gas Corp. (TSX.V: STMP) is an independent international oil and gas company, engaged in the acquisition, exploration and development of conventional oil and natural gas properties. The Company plans to identify and build out a portfolio of high-impact oil and gas prospects, with a focus on Africa. Stamper is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
For further information on Stamper Oil and Gas please visit www.stamperoilandgas.com
The scientific and technical information contained in this news release has been reviewed and approved by Dr. Qamar M. Malik, MSc., Ph.D., Petroleum Engineering, who is a “Qualified Person” as such term is defined under National Instrument 51-101 (“NI 51-101”) and Canadian Oil and Gas Evaluation (“COGE”) Handbook.
ON BEHALF OF THE BOARD OF DIRECTORS
“David C. Greenway”
President & Director
For further information, please contact:
Stamper Investor Relations
Phone: (604) 684-2401
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.
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Stamper Oil & Gas Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Stamper Oil & Gas Corp. management on the date the statements are made. Except as required by law, Stamper Oil & Gas Corp undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.