Triangle Petroleum Corp
Triangle Petroleum Corp:
Triangle Petroleum Corporation / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Triangle Petroleum Announces Barnett Acreage Sale and August 8 Conference Presentation Calgary, Alberta – July 24, 2007 – Triangle Petroleum Corporation (the 'Company' or 'Triangle') (OTCBB: TPLM) today announced the following developments: Barnett Acreage Sale: The Company recently received approximately $1 million from the sale of its 27% interest in 12,100 gross acres in northeast Hill County in Texas. This was undeveloped acreage and does not include the Company’s ownership in eight lower working interest Barnett Shale wells that are in various stages of production and completion. Mark Gustafson, Triangle’s President and CEO, commented 'Following the acquisition of the 584,000 gross acres of land in our Eastern Canada shale project, we have elected to focus on our three core areas in Eastern Canada, the Fayetteville and Rocky Mountain projects for the balance of this year. The knowledge and experience gained from our participation in the Barnett shale project has been very important for moving forward in the Fayetteville shale project and just as importantly for our Eastern Canadian shale project.' August 8, 2007 Conference: Triangle is scheduled to present at 3:00 PM eastern time on Wednesday August 8 at the Canaccord Adams Global Growth Conference in Boston. Gustafson continued, 'Presenting at this conference is part of a corporate initiative and commitment to enhance our institutional and North American shareholder base.' About Triangle Petroleum Corporation Triangle is an exploration company focused on the Fayetteville Shale in Arkansas, emerging Canadian shale gas projects and select areas of the Western United States. An experienced team comprising technical and business skills has been formed to optimize the Company’s opportunities through its operating subsidiaries, Triangle USA Petroleum Corporation in the United States and Elmworth Energy Corporation in Canada. For more information please visit www.trianglepetroleum.com. For more information contact: Jason Krueger, CFA, Corporate Communications E-mail: info@trianglepetroleum.com Telephone: (403) 374-1234 Safe Harbor Statement. This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, the amount of funds the Company may receive, the Company’s proposed acquisition and development of properties, including drilling projects. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the possibility that additional investments will not be made or that appropriate opportunities for development will not be available or will not be properly developed. For additional risk factors about our Company, readers should refer to risk disclosure contained in our reports filed with the Securities and Exchange Commission. DGAP 24.07.2007 ----------------------------------------------------------------------
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