JUNIOR OIL PLAYS

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(ARK/APEUF).11 - Archer Petroleum Corp: looks like the deal closed IMO!

That would mean news soon...

Claude Perrier, CEO, states: "Since we believe that the pay in the well will be, at best, marginally profitable, we will be abandoning the Radway Prospect to deploy our assets into projects that meet our economic objectives. In that regard, we are currently working out final agreements on our major project in the previously announced Matagorda Bay Prospect in the Texas Gulf of Mexico. We have agreed to extend the closing date of this opportunity to January 17th to allow all documentation to be properly completed. Details should be forthcoming on that program after closing."