|By PR Newswire||
|August 19, 2013 02:16 AM EDT||
CALGARY, Alberta, August 19, 2013 /PRNewswire/ --
Caracal Energy Inc. ("Caracal" or the "Company") is pleased to announce that FTSE allocated the Company a UK classification for FTSE UK index series inclusion purposes.
As part of the Company's UK classification, Caracal agreed to commit to adhere to the UK Takeover Code to the extent reasonably practicable, and, at its next meeting of shareholders, to propose to amend its Articles of Incorporation to adopt this approach.
Gary Guidry, President and Chief Executive Officer, commented:
"We are delighted to be given a UK classification as it positions Caracal well to be included in the FTSE UK index series following FTSE's quarterly review in September, which should open Caracal to a wider institutional audience."
About Caracal Energy Inc.
Based in Canada, Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company acquired three production sharing contracts ("PSCs") from the government of the Republic of Chad. These PSCs provide exclusive rights to explore and develop reserves and resources over a combined area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil basins with development opportunity, oil discoveries, and numerous exploration prospects.
For further information:
Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
Longview Communications - Canadian Media Enquiries
Alan Bayless +1-604-694-6035
Joel Shaffer +1-416-649-8006
FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp