CALGARY, Nov. 2, 2011 - Midway Energy Ltd. ("Midway" or the "Company") (TSX: MEL) announced today that it has revised and re-filed its Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2011 to correct the calculation of funds from operations per share for the three months ended September 30, 2011 to $0.22 per share (both basic and diluted) from $0.19 (basic) and $0.18 (diluted). There are no other changes to the previously filed MD&A or financial statements. The revised MD&A has been filed with Canadian securities regulators on SEDAR and may be viewed on the Company's profile at www.sedar.com.
The correction also results in changes to the presentation of funds from operations per share for the three months ended September 30, 2011 in Midway's press release dated November 1, 2011 and would also increase the percentage change from 2010 of the Company's quarterly funds from operations in the "Corporate Highlights" section of the press release to 190% per share (basic) and 192% per share (diluted) from 142% (basic) and 143% (diluted).
Information Regarding Midway
Midway Energy Ltd. is a public oil and natural gas exploration and development company, located in Calgary, Alberta with operations pursued in Alberta. Midway currently trades on the Toronto Stock Exchange (TSX) under the Symbol "MEL".
Contact
Midway Energy Ltd. M. Scott Ratushny, Chairman and Chief Executive Officer (403) 216-2705 info@midwayenergy.com
Midway Energy Ltd. Douglas K. Smith, Chief Financial Officer (403) 216-2705 info@midwayenergy.com
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CALGARY, Nov. 2, 2011 - Midway Energy Ltd. ("Midway" or the "Company") (TSX: MEL) announced today that it has revised and re-filed its Management's Discussion and Analysis ("MD&A") for the three and nine months ended September 30, 2011 to correct the calculation of funds from operations per share for the three months ended September 30, 2011 to $0.22 per share (both basic and diluted) from $0.19 (basic) and $0.18 (diluted). There are no other changes to the previously filed MD&A or financial statements. The revised MD&A has been filed with Canadian securities regulators on SEDAR and may be viewed on the Company's profile at www.sedar.com.
