Last checked at 29 Aug 2013 07:00
CARACAL ENERGY INC. - Caracal Listed as a Supporting Company of the EITICARACAL ENERGY INC. - Caracal Listed as a Supporting Company of the EITI
PR Newswire
London, August 29
Caracal Energy Officially Listed as a Supporting Company of the ExtractiveIndustries Transparency Initiative CALGARY, Aug. 29, 2013 /CNW/ - Caracal Energy Inc. ("Caracal Energy" or the"Company") is pleased to announce that the Company has been officially listedas a Supporting Company of the Extractive Industries Transparency Initiative(EITI) with immediate effect. Gary Guidry, President & CEO of Caracal Energy, said, "We are proud as aCompany to be part of the EITI. The objectives of EITI align well with ourbusiness ethos of ensuring our conduct and practices benefits all constituentsin the countries and regions in which we operate." The EITI is a global standard that promotes revenue transparency. It provides arobust methodology for monitoring and reconciling company payments andgovernment revenues at the country level. Each implementing country creates itsown EITI process, which is overseen by participants from the government,companies and national civil society. The international EITI Board and theInternational Secretariat are the guardians of the EITI methodologyinternationally. More information can be found on the website: http://eiti.org. About Caracal Energy Inc. Based in Canada, Caracal Energy Inc. is an international exploration anddevelopment company focused on oil and gas exploration, development andproduction activities in the Republic of Chad, Africa. In 2011, the Companyacquired three production sharing contracts ("PSCs") from the government of theRepublic of Chad. These PSCs provide exclusive rights to explore and developreserves and resources over a combined area of 26,103 km2 in southern Chad. ThePSCs cover two world-class oil basins with development opportunity, oildiscoveries, and numerous exploration prospects. SOURCE: Caracal Energy Inc. For further information: Caracal Energy Inc.Gary Guidry, President and Chief Executive OfficerTrevor Peters, Chief Financial Officer403-724-7200 Longview Communications - Canadian Media EnquiriesAlan Bayless 604-694-6035Joel Shaffer 416-649-8006 FTI Consulting - UK Media EnquiriesBen Brewerton / Ed Westropp+ 44 (0) 207 8313 3113caracalenergy.sc@fticonsulting.com (CRCL)