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. Forward-Looking Statements 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.