SMRE.PK – Samurai Energy Corp.
Great Investment Opportunity with small public Oil and Gas company. Stock is expected to rise rapidly following the dividend and completion of re-incorporation as outlined in the 8-K filed with the SEC on June 30, 2006.
Current Price: $3.00
Current News
SAMURAI ENERGY CORP ANNOUNCES 2:1 STOCK DIVIDEND THURSDAY JULY 20, 10:00 AM ET
HOUSTON, July 20 /PRNewswire-FirstCall/ -- Samurai Energy Corp., (OTC Pink Sheets: SMRE), announced today that its board of directors authorized a stock dividend to all of its shareholders. Each shareholder will receive two additional shares of common stock for every one share of common stock they hold as of July 24, 2006. The record date for the dividend is Monday July 24, 2006 with the dividends being paid one week later on Monday July 31, 2006. CEO of Samurai Energy Corp., Sam Skipper, stated that, “this dividend offered to our shareholders will give a more accurate reflection of our company’s true capitalization structure.”
SAMURAI ENERGY CORP COMPLETES MERGER WITH ECCO ENERGY CORP., DOUBLED RESERVE BASE THURSDAY JULY 13, 12:30 PM ET
HOUSTON, July 13 /PRNewswire-FirstCall/ -- Samurai Energy Corp., (OTC Pink Sheets: SMRE), and ECCO Energy Corp., a Nevada corporation, completed the Agreement and Plan of Merger ("Merger Agreement") filed with the SEC on June 30, 2006. Under the terms of the Merger Agreement, each three shares of ECCO common stock issued and outstanding immediately prior to the merger will be converted in the right to receive one fully paid, non- assessable share of Samurai common stock.
ECCO Energy Corp., the surviving company, will be a public Nevada corporation. Samuel M. Skipper, the newly elected President and Chief Executive Officer of ECCO Energy Corp., said, "With this merger we have doubled the reserve base of our company. We can now move the company forward and take advantage of current commodity prices to add to our shareholder value."**
*About Samurai Energy Corp.* Samurai Energy Corp. is an independent oil and gas exploration and production company headquartered in Houston, Texas. The Company is engaged in the acquisition, development and production of oil and natural gas reserves. The company’s primary focus is along the Texas Gulf Coast region.
*Forward-Looking Statements* This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. The reserve data included herein represents only estimates. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact manner. As a result, estimates of different engineers often vary. The estimates of reserves, future cash flows and present value are based on various assumptions, including those prescribed by the SEC relating to oil and natural gas prices, and are inherently imprecise. In addition, important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports. Samurai Energy Corp. (PINK: SMRE) takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company.
Small Cap News based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by Small Cap News to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities.Small Cap Newsis not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Small Cap News has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion. Small Cap News has been compensated by third party shareholders or with cash from the company on behalf of SMRE.PK. Small Cap News has been compensated $3,500 on behalf of SMRE.PK for dissemination of this opinion and other professional services. Small Cap News' affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event of a rise in value. Small Cap News will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies` annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Small Cap News undertakes no obligation to update such statements. |
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