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VANCOUVER, CANADA --Doxa
Energy Ltd. ("Doxa" or the "Company") reports that it has been asked by the
TSX Venture Exchange and IIROC market surveillance to comment on the Company's
recent share price increase. Doxa's Management is unaware of any undisclosed
material change or corporate development that would account for the recent
increase in the company's share price. Doxa Energy also wishes to report that
its annual audited financial statements were filed on www.sedar.ca on April 30,
2015. The Company continues to evaluate oil & gas investment opportunities in
About Doxa Energy Ltd.
Doxa Energy Ltd. develops and maintains a portfolio of producing and developing
conventional and unconventional assets, including the Mississippian Lime Play in
northern Oklahoma, the Frio, Wilcox and Eagle Ford Shale trends in South Texas.
John D. Harvison
President, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services providers (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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 news 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.