YUKON, Okla., May 15, 2006 (PRIMEZONE) -- On April 25, 2006, Superior Oil and Gas Co. (OTCBB:SIOR) published a press release with the following headline and first sentence of the release:
"Superior Oil and Gas Co. Purchases Working Interest in Multi-Well Gas Development Program -- Medicine Hat Field in Alberta, Canada.
"April 25, 2006... Yukon, Oklahoma. Superior Oil and Gas Co. (OTCBB:SIOR) has agreed to purchase, for cash, a 100% Working Interest in a 7-section block of lands in the Medicine Hat Field in southeastern Alberta, Canada, announced Dan Lloyd, president of Superior."
The headline was incorrect. It should have been "Superior Oil and Gas Co. agrees to purchase working interest... " The purchase has not yet been closed. The first line of the body of the release was correct, but the headline was misleading. Superior Oil and Gas anticipates acquiring the described interest in the Medicine Hat Field before the end of May, 2006.
This Press Release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as "expect," "anticipate," "estimate," "believes," "plans" and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Superior's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.