FOR: DOXA ENERGY LTD.
Doxa Extends Warrant Expiry DatesMAY 1, 2012 - 16:53 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2012) - Doxa Energy Ltd. (TSX VENTURE:DXA)(OTCBB:DXAEF)(FRANFURT:5D0) ("Doxa" or the "Company") announces that it will extend the expiry date of an aggregate 2,602,500 outstanding share purchase warrants. The subject warrants were originally issued on May 18, 2010 with original expiry date of two years. The new expiry date will provide a one year extension. The warrants continue to be exercised at their original exercise price.
The amendment to the terms of the warrants is subject to TSX Venture Exchange approval and any regulatory approvals.
About Doxa Energy Ltd.
Doxa Energy Ltd. develops and maintains a portfolio of producing and developing conventional and unconventional assets, including the Eagle Ford Shale Oil Play in South Texas, and the recently announced acreage acquisition in the Mississippian Oil Play of northern Oklahoma.
John D. Harvison, President, Chief Executive Officer
Statements in this press release other than purely historical information, including statements relating to the Company's future plans, objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to the risks and uncertainties inherent in the Company's business, including risks inherent in oil and gas exploration and development, and uncertainties in connection with anticipated commodity prices for oil and natural gas, growth of worldwide market demand, exploration capital requirements, length of asset life and availability of qualified personnel, among others As a result, actual results may vary materially from those described in the forward-looking statements.
All references in this press release to BOE are based on a 6 Mcf to 1 Bbl conversion ratio. BOE's may be misleading particularly if used in isolation. A BOE conversion of 6 Mcf to 1 Bbl is based on the energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
This new release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in the United States. The securities of Doxa have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to or for the account or benefit of a U.S. person unless so registered or pursuant to an available exemption from the registration requirements of such Act or laws.