Jason Gigliotti, President of Habanero stated, "This is a great time to acquire an interest in a new conventional drill program that is expected to commence drilling right away. We have more money in the bank right now than we have ever had, and we plan to deploy this cash to acquire new Alberta Oil Sands assets and new conventional drill programs in order to build the company. These are very exciting times for Habanero and Habanero's shareholders, especially when you consider the current near historic highs on oil and gas prices."
Habanero has granted, pursuant to its 2005 Rolling Stock Option Plan, up to 2,067,000 incentive stock options at an exercise price of $0.54 for five years.
Habanero is an emerging junior oil and gas company focused on oil and gas exploration and production in North America. Habanero is one of, if not the smallest market capitalized companies that has exposure to the Alberta Oil Sands. Habanero's goal is to become a mid range oil and gas producer. Habanero currently has operations located on multiple oil and gas fields located in Texas, Saskatchewan and Alberta.
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