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SHARON ANNOUNCES MACKLIN ACQUISITION

^{Published on 2010-09-30 06:10:57 - Market Wire}
 

CALGARY, Sept. 30 /CNW/ - Sharon Energy Ltd. (TSXV:SHY) is pleased to announce that it has acquired a 25% working interest in a Dina heavy oil property located at Macklin, Saskatchewan.

The property comprises 3,770 acres and includes four shut-in Dina horizontal oil wells, a water disposal well and 7 square miles of 3D seismic.

Sharon plans to reactivate the horizontal oil wells and evaluate the 3D seismic for future development.

Sharon is an oil and gas exploration and production company based in Calgary, Alberta.

ADVISORY: This press release contains forward looking statements. Although Sharon believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Sharon can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

The forward looking statements contained in this press release are made as of the date hereof and Sharon undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.