HOUSTON, July 19 /PRNewswire-FirstCall/ -- Samurai Energy Corp., (OTC
Pink Sheets: SMRE) announced today that its board of directors authorized a
stock dividend to all of its shareholders. Each shareholder will receive
two additional shares of common stock for every one share of common stock
they hold as of July 24, 2006. The record date for the dividend is Monday
July 24, 2006 with the dividends being paid one week later on Monday July
31, 2006. CEO of Samurai Energy Corp., Sam Skipper, stated, "This dividend
offered to our shareholders will give a more accurate reflection of our
company's true capitalization structure."
About Samurai Energy Corp.
Samurai Energy Corp. is an independent oil and gas exploration and
production company headquartered in Houston, Texas. The Company is engaged
in the acquisition, development and production of oil and natural gas
reserves. The company's primary focus is along the Texas Gulf Coast region.
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 (the
"Act"). In particular, when used in the preceding discussion, the words
"believes," "expects," "intends," "will," "anticipated," or "may," and
similar conditional expressions are intended to identify forward-looking
statements within the meaning of the Act, and are subject to the safe
harbor created by the Act. Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing are
forward looking statements that involve a number of risks and
uncertainties. The reserve data included herein represents only estimates.
Reserve engineering is a subjective process of estimating underground
accumulations of oil and natural gas that cannot be measured in an exact
manner. As a result, estimates of different engineers often vary. The
estimates of reserves, future cash flows and present value are based on
various assumptions, including those prescribed by the SEC relating to oil
and natural gas prices, and are inherently imprecise. In addition,
important factors that could cause actual results to differ materially
include the following: business conditions and the amount of growth in the
Company's industry and general economy; competitive factors; ability to
attract and retain personnel; the price of the Company's stock; and the
risk factors set forth from time to time in the Company's SEC reports.
Samurai Energy Corp. (OTC Pink Sheets: SMRE) takes no obligation to update
or correct forward- looking statements, and also takes no obligation to
update or correct information prepared by third parties that is not paid
for by the Company.
SOURCE Samurai Energy Corp.