HOUSTON, July 24, 2012 /PRNewswire/ - Enhanced Oil Resources Inc. (OTCQX: EORIF; TSX.V: EOR, the Company) and OTC Markets Group Inc. (OTCQX: OTCM), today announced that the Company is now trading on the highest tier of the OTC market, OTCQX® under the symbol EORIF
Enhanced Oil Resources began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
"OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Enhanced Oil Resources to OTCQX."
Merriman Capital, Inc. will serve as Enhanced Oil Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.
Barry Lasker, CEO and President of Enhanced Oil Resources states, "The Company is pleased to begin trading on the OTCQX. This move will increase the Company's exposure with both institutional and retail investors within the United States. Broadening our audience and potential investor base is a key focal point, especially during our current infill lateral drilling program. Trading on the OTCQX marketplace is in addition to our current TSX.V listing".
About Enhanced Oil Resources Inc.
Enhanced Oil Resources Inc. (OTCQX: EORIF; TSX.V: EOR) trades in the United States on OTCQX under the symbol "EORIF", and in Canada on the TSX Venture Exchange under the symbol "EOR". Enhanced Oil Resources Inc. is an early-stage company, with a principal goal of increasing crude oil and natural gas production through enhanced oil recovery ("EOR") and infill drilling projects it is initiating in the Permian Basin on oil fields acquired by the Company in 2007 and 2008 for that purpose.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest Open, Transparent and Connected financial marketplace platform. Our OTC Link® ATS directly links a diverse network of broker-dealers that provide liquidity and execution services in almost 10,000 equity and debt securities. We organize these securities into marketplaces to inform investors of opportunities and risks - OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our information and data-driven platform enables trading through any broker at the best possible price and empowers companies to improve the quality and availability of information for their investors. To learn more about how we create smarter financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
Media Contact for OTC Markets Group:
Grace Keith, OTC Markets Group Inc., +1 (212) 896-4428, firstname.lastname@example.org
Certain statements contained herein are "forward-looking statements" and "forward-looking information" under applicable securities laws, including statements regarding beliefs, plans, expectations or intentions regarding the future relating to Enhanced Oil Resources Inc.'s operations, business prospects, expansion plans and strategies.
Forward-looking information typically contains statements with words such as "intends", "anticipate", "estimate", "expect", "potential", "could", "plan" or similar words suggesting future outcomes. Readers are cautioned not to place undue reliance on forward-looking statements because it is possible that expectations, predictions, forecasts, projections and other forms of forward-looking information will not be achieved. Forward-looking statements are based on the opinion and estimates of management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Although Enhanced Oil Resources believes that the expectations reflected in such forward-looking statements are reasonable, Enhanced Oil Resources can give no assurance that such expectations will prove to be correct. Readers should refer to Enhanced Oil Resources' current filings, which are available at www.sedar.com, for a detailed discussion of these factors, risks and uncertainties. The forward-looking statements or information contained in this news release are made as of the date hereof and Enhanced Oil Resources undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws or regulatory policies.
ON BEHALF OF THE BOARD OF DIRECTORS
Barry D Lasker, CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE Enhanced Oil Resources Inc.