Compton responds to market activity
September 09 2009 - 11:16AM
PR Newswire (US)
CALGARY, Sept. 9 /PRNewswire-FirstCall/ -- Compton Petroleum
Corporation (TSX - CMT, NYSE - CMZ) announces at the request of
Market Surveillance on behalf of the Toronto Stock Exchange that
the Corporation wishes to comment on the recent and unusual trading
in the stock. Compton is not aware of any specific circumstances
that may be contributing to the recent increase in market price and
the level of trading activity of its shares. About Compton
Petroleum Corporation Compton Petroleum Corporation is a public
company actively engaged in the exploration, development and
production of natural gas, natural gas liquids, and crude oil in
western Canada. Our strategy is focused on creating value for
shareholders by providing appropriate investment returns through
the effective development and optimization of assets. The
Corporation's operations are located in the deep basin fairway of
the Western Canada Sedimentary Basin. In this large geographical
region, we pursue three deep basin natural gas plays: the Basal
Quartz sands at Hooker in southern Alberta, the Gething/Rock Creek
sands at Niton and Caroline in central Alberta, and the shallower
Plains Belly River sand play in southern Alberta. In addition, we
have an exploratory play at Callum/Cowley in the Foothills area of
southern Alberta. Natural gas represents approximately 86% of
reserves and production. Compton's shares are listed on the Toronto
Stock Exchange under the symbol CMT and on the New York Stock
Exchange under the symbol CMZ. DATASOURCE: Compton Petroleum
Corporation CONTACT: Susan J. Soprovich, Director, Investor
Relations, Ph: (403) 668-6732, Fax: (403) 237-9410, Email: ,
Website: http://www.comptonpetroleum.com/
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