Magnum Energy Initiates Operations in Calgary
August 14 2008 - 1:03PM
Marketwired
Magnum Energy Inc. (TSX VENTURE: MEN) is pleased to report that the
company has opened its new office in Calgary, Alberta. This office,
located at 550, 1010 1st Street S.W., will be Magnum's operational
centre and will house the company's technical and accounting teams.
"We have made significant strides forward with the assets Magnum
has acquired and are looking forward to a growth in revenues
throughout the next 12 months," commented Richard Nemeth, V.P.
Corporate Development. "The timing is right for us to commit to
building out a strong in-house technical team that can take
advantage of our recent drilling successes and utilize the cash
flow to maximize existing asset potential through further
re-completions and development drilling. This will also enable
Magnum to evaluate other opportunities that may exist through
further acquisitions or joint ventures."
Head Office
1280 - 333 Seymour Street
Vancouver, BC.
V6B 5A6
T: 604.669.3155
F: 604.669.3177
Operations
Suite 550, 1010 1st Street S.W.
Calgary, AB.
T2R 1K4
T: 403.264.5980
F: 403.261.8060
The TSX Venture Exchange has neither approved or disapproved the
contents of this press release.
Contacts: Magnum Energy Inc. Richard Nemeth (604) 669-3155 (604)
669-3177 (FAX) Email: rnemeth@magnumenergyinc.com Website:
www.magnumenergyinc.com
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