VANCOUVER, British Columbia, May 15, 2018 (GLOBE NEWSWIRE) -- Stamper Oil & Gas Corp. (TSX-V:STMP) (FSE:TMP2) (OTCQB:STMGF) (“Stamper” or “the Company”) today announces that Stamper was notified by State Oil Corporation (“State”) that the Memorandum of Understanding (“MOU”) between State and Sudapet Company Ltd. (“Sudapet”), the national oil company of Sudan, is not in good standing. According to Mr. Khan, Chairman of State, in the coming days, State will be in discussions with the Minister at the Ministry of Oil and Gas through the local manager Mr. Mekki Mossad for an extension to the MOU.
The Company is also working hard at this time on evaluating other oil and gas projects in Latin America and Africa.
David Greenway, Chief Executive Officer of Stamper Oil & Gas, said, "Though this is a setback for the Company, State and Stamper are in continued talks with the operator in Sudan and are working hard to sign an updated MOU. As was in January, I am looking forward to a follow up visit to Sudan in the very near future."
About Stamper Oil and Gas
Stamper Oil and Gas Corp. (TSX.V:STMP) is an independent international oil and gas company, engaged in the acquisition, exploration and development of conventional oil and natural gas properties. The Company plans to identify and build out a portfolio of high-impact oil and gas prospects, with a focus on Africa. Stamper is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.
For further information on Stamper Oil and Gas please visit www.stamperoilandgas.com
ON BEHALF OF THE BOARD OF DIRECTORS
“David C. Greenway”
President & Director
For further information, please contact:
Stamper Investor Relations
Phone: (604) 684-2401
Email: info@stamperoilandgas.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Stamper Oil & Gas Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Stamper Oil & Gas Corp. management on the date the statements are made. Except as required by law, Stamper Oil & Gas Corp undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
