Stealth Energy Inc.
STEALTH ENERGY INC. : STEALTH NOW POISED
STEALTH ENERGY INC. / Agreement/Joint Venture 11.03.2010 12:05 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Mon 1 Mar 2010 CNSX symbol: SLH News Release 01/10 Frankfurt symbol: S16 Our update in November of last year was cautiously optimistic. We are pleased to now report that interim events have been positive for Stealth Energy Inc. ('Stealth'). We have substantial development properties in both oil and gas. Now that gas prices have improved, we are currently moving ahead with development on both fronts in both sectors. At Teapot Dome in Wyoming, our neighbour the U.S. Naval Petroleum Reserve #3 has approached us with a view to cooperation on both a water and CO2 flood. We believe that in the short term this will be extremely beneficial to our production. Accordingly, we are in current discussions with a view to immediately assist the U.S. Department of Energy to move forward to our mutual benefits. In Montana, we have received positive news on our joint venture at Rapelje. Our first well was drilled successfully, and the plan is to connect this to pipe and have the gas in commercial production as early as the end of next week. At that juncture Stealth will be in a position to provide more details as to flow rates. We are currently in ongoing discussions with several potential joint venture partners. We believe that through joint ventures our production can be immediately enhanced at no dilution to our shareholders and remain optimistic with the implementation of this business plan. The Company has approved the issuance of one million shares under its stock option plan at an exercise price of 25 cents to its officers, directors, employees, and consultants. This is the second issuance of options under the Stealth stock option plan, making the total options outstanding at three million. The Company is pleased to announce the appointment of Carolin Schella as Chief Administrative Officer to coordinate the Canadian and USA offices and operations. The Company is also pleased to announce the retainer of the services of the Delphina Group Corp. out of Toronto to represent the Company with its investment relations. Stealth Energy Inc. is a producing oil & gas company with its field office in Billings, Montana, USA. The company develops its own properties and continues to seek and make acquisitions, primarily within Montana and Wyoming. For further information please contact Carlo Nigro at (604) 669-7831 or stealthenergy@telus.net. Stealth Energy Inc. 'John Campbell' John Campbell President The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States. 11.03.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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