Los Angeles, CA (PRWEB) July 7, 2010
1800IR.com as the investor relations provider for Prairie West Oil & Gas is pleased to announce that the company has received a buy recommendation from Global Research.
The report can be downloaded from 1800IR’s website in English and German here: http://www.1800IR.com/download.htm
This was an excellent week for Prairie West and its shareholders. The company’s public stock began trading a little over a week ago at €0.68 and ended this week at €0.88. That works out to an increase of over 22% on volume that is building nicely.
Overall, all aspects of company activities are going very well. Aside from the above mentioned increase in positive market activity the work over on the newly announced Maidstone Project is near completion with preliminary results exceeding expectations.
About Prairie West Oil and Gas Ltd. (http://www.prairiewestonline.com)
SYMBOL: FRANKFURT EXCHANGE 1WP
Prairie West Oil & Gas Ltd. (FRA: 1WP.F) is a dynamic oil and gas corporation operating in the center of Canada's highest reserve epicenter - the oil boom provinces of Alberta and now Saskatchewan. Prairie West's primary long-term development project is strategically placed within the highly productive Twining area which is surrounded by major multi-national energy giants such as EnCana, Suncor and Devon Energy. This project is immediately adjacent to the enormous Twining Rundle/Mannville Pool with original oil in place of 1.013 billion barrels equivalent. As a secondary strategy, the company continues to successfully lay the groundwork for future growth by taking advantage of an enhanced negotiating position, bargains and opportunities that have arisen due to the recent economic volatility.
This news release is being released by a 3rd party and contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Prairie West Oil and Gas Ltd., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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