Alberta Clipper Energy Inc. (ACN - TSX) Advises of Temporary Production Disruption in the Trutch Area of Northeast British Columbia
Mon Sep 8, 9:18 AM
CALGARY, Sept. 8 /CNW/ - Alberta Clipper Energy Inc. ("Alberta Clipper" or the "Company") is hereby advising of a temporary production disruption in the Trutch area of Northeast British Columbia ("NEBC"). Due to a landslide resulting in the shut down of a third party's gas gathering pipeline, Alberta Clipper has been unable to deliver gas to the Caribou Gas Plant for gas processing and delivery to sales pending repairs and re-commissioning of the Caribou North Pipeline. Based on current information, Alberta Clipper expects to resume delivery of gas within 3-5 days which will result in a total of 12 -14 days of downtime. The Company's production from Trutch is approximately 500 boe/day or approximately 15% of Alberta Clipper's corporate production.
Alberta Clipper Energy Inc. is a publicly traded Canadian energy company involved in the exploration, development, and production of natural gas and crude oil in western Canada.
This press release contains forward-looking statements. More particularly, this press release contains statements concerning Alberta Clipper's rates of production of oil and natural gas for 2008 and operational timing. The forward-looking statements are based on certain key expectations and assumptions made by Alberta Clipper, including availability and cost of labor and services and the timing of receipt of regulatory approval.
Boe Presentation - Barrels of oil equivalent ("Boe") may be misleading, particularly if used in isolation. A Boe conversion rate of 6 Mcf:1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All Boe conversions in the report are derived by converting gas to oil at the ratio of six thousand cubic feet of gas to one barrel of oil.
Although Alberta Clipper believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Alberta Clipper can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. These risks are set out in more detail in Alberta Clipper's annual information form for the year ended December 31, 2007, which can be accessed at www.sedar.com.
The forward-looking statements contained in this press release are made as of the date hereof and Alberta Clipper undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable states securities laws.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Not for distribution to U.S. newswire services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities law.
ContactsKel JohnstonPresident & C.E.O
Alberta Clipper Energy Inc.
Telephone: (403) 440-3474
Facsimile: (403) 440-3475
Website: www.albertaclipperenergy.com



