Mr. Richard Saxon reports
Pemberton Energy Ltd. is adding the following information to its recent news, as reported in Stockwatch on Nov. 8, 2005. Production numbers of 4,300 barrels of oil equivalent (where one barrel is equal to 6,000 cubic feet of gas) for the last year in the Peace River Arch area, per day of light crude and, in addition, proved plus probable reserves of 15 million barrels of oil equivalent were based on the information disclosed by the major operator in the Peace River Arch area and were prepared in accordance to the COGE handbook standards.
Barrels of oil equivalent may be misleading, particularly if used in isolation. A barrel-of-oil-equivalent conversion ration of one barrel being equal to 6,000 cubic feet of gas is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
We seek Safe Harbor.
These statements are forward looking and are subject to known or unknown risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements.
TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN
On behalf of the board of directors
"Richard Saxon"
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Richard Saxon, President |