CALGARY, ALBERTA--(CCNMatthews - Feb. 3, 2006) - Tartan Energy Inc. (TSX VENTURE:TEW) ("Tartan") announces the redemption at 5:00 p.m. (Calgary time) on February 3, 2006 of all its outstanding redeemable preferred shares resulting from the amalgamation on February 2, 2006 of Tartan and 1202140 Alberta Ltd. for Cdn.$0.63 per share in cash.
In addition, Tartan has filed an application to delist the common shares of Tartan from the TSX Venture Exchange. Tartan anticipates that the common shares of Tartan will cease to be publicly traded on the TSX Venture Exchange no later than February 6, 2006. Tartan has also filed applications with the applicable securities regulatory authorities to cease being a reporting issuer in the jurisdictions in which Tartan is a reporting issuer.
Tartan is a wholly-owned subsidiary of Nations. Nations is a privately owned Alberta oil and gas company engaged in the exploration for, and the acquisition, development and production of, oil and natural gas reserves internationally. Nations' oil production exceeds 45,000 barrels per day.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tartan Energy Inc. David G. Wilson President (403) 206-1420
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
© CCNMatthews
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