CALGARY, ALBERTA — (Marketwire) — 10/19/11 — Shoreline Energy Corp. (“Shoreline”) (TSX: SEQ) herby announces that it has changed the date and time of its Annual General Meeting and Special Meeting to 3:30 p.m. on Monday November 14, 2011, at the Calgary Petroleum Club, 319 5th Avenue SW, Calgary Alberta. This meeting replaces the meeting originally scheduled for September 28, 2011.
Shoreline also confirms that the Management Information Circular, dated September 30, 2011 has been mailed to all shareholders. Shoreline had experienced delays in the completion of the management information circular, which was originally scheduled for mailing in late July. The delay was largely attributable to the conversion of the audits of the three private companies that Shoreline is seeking to acquire, to be in full compliance with the new IFRS accounting standards.
Shoreline has received TSX approval for the previously announced private company acquisitions subject to Shoreline receiving shareholder approval at the November 14th special meeting.
Additionally, Shoreline is pleased to report that as part of its ongoing growth program, Shoreline has drilled and cased its first horizontal oil well (50% working interest) in the Bonanza area of the Peace River Arch region of northwest Alberta. The subject well appears to have encountered over 400 meters of “oil pay” and is scheduled for immediate completion.
For the remainder of the year Shoreline expects to drill 2 (1.44 net) horizontal oil wells targeting Charlie Lake Formation (Braeburn Member) light oil and 1 (0.82 net) vertical well targeting Charlie Lake Formation (Boundary Member) light oil. Shoreline is currently licensing 9 locations targeting a variety of reservoirs and anticipates an active winter drilling season.
About Shoreline Energy Corp.
Shoreline Energy Corp. is an emerging junior oil and gas company based in Calgary Alberta. Shoreline provides shareholders a combination of value growth through development of oil and gas reserves and production with a specific focus in the Peace River Arch of northwest Alberta. In addition to value growth through development, the Company pays investors a fixed quarterly cash dividend of $0.20 per share. The first dividend was paid October 17, 2011.
The Company is a publicly traded company on the TSX. Further information is available on SEDAR at .
The TSX has neither approved nor disapproved of the information contained herein.
Contacts:
Shoreline Energy Corp.
Mr. Trevor Folk
Chief Executive Officer
(403) 398-4070