ATLANTA, Dec. 11, 2006 (PRIME NEWSWIRE) -- Knight Energy Corp. (Pink Sheets:KNEC) announced that it has included on its website (www.knightenergycorp.com) its audited consolidated financial statements through June 30, 2006. The Company is in the process of preparing a Form 10-SB to file with the Securities and Exchange Commission for the purpose of becoming a publicly reporting entity.
About Knight Energy Corp.
Knight Energy Corp. (Knight) was formed on March 2, 2006 for the purpose of operating and developing energy related businesses and assets. Shortly thereafter, Knight acquired an independent oil and gas services company, Charles Hill Drilling, Inc., which owns a 100% working interest in a 160-acre oil and gas lease, a drilling rig and other oil and gas equipment. Subsequent to the acquisition, Knight reentered, deepened and completed the A-7 well, and then spudded and completed the A-8 well, both at approximately 4,200 feet. The Company also has leased an additional 400 acres that run contiguous to the Stephens County 160-acre lease, and it has the right of first refusal on approximately 3,100 more acres in the same area.
In November 2006, Knight leased approximately 1,000 acres for oil and gas exploration in the Salt Creek Prospect area of Oklahoma. The Company is currently reviewing further acquisitions and investments in the oil and gas industry as well as other energy related businesses and assets. Additional information can be found by visiting its website at www.knightenergycorp.com.
Forward-Looking Statements:
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining oil and gas prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Potential investors should independently investigate and fully understand all risks before making investment decisions.