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CASSONA SE: CASSONA acquires an additional oil property in Alberta

DGAP-News: CASSONA SE / Key word(s): Miscellaneous
CASSONA SE: CASSONA acquires an additional oil property in Alberta

14.07.2014 / 10:00

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CASSONA acquires an additional oil property in Alberta

CASSONA acquires an additional oil property in the same area of the first
P&NG license in Alberta in Canada. The new oil property starts production
in August 2014.

Frankfurt (14 July 2014) - CASSONA SE (COE) informs the public to acquire
an additional oil property in the Red Earth area, Sawn Lake region in the
province of Alberta in Canada. The existing initial well on the new
property starts production in August 2014. Including the new property the
since January 2014 achieved production volume of CASSONA shall more than
double. CASSONA is about to finalize the purchase agreement within the next
days. The parties have agreed not to disclose the purchase price.

"We are happy to be able to speed up our growth perspectives by acquiring
additional properties", states the CEO Dr. Guido Quadri. "This next
acquisition shall be undertaken independently from our operational growth
on our first property. We nevertheless plan to enter into the second growth
phase by drilling the prospected horizontal wells starting in December
2014." The new property shall have lower royalties payable to third parties
and is fully developed with regard to infrastructure.

CASSONA is an investment company for targets of the business sectors oil &
gas and other natural resources, mining and related infrastructure. CASSONA
is a European corporation with domicile in Frankfurt Main. The shares are
listed at the regulated market of GXG Markets and they are traded at the
Open Market of Frankfurt Stock Exchange FWB and at Berlin Stock Exchange
(ISIN DE000A1C6T63).


CASSONA SE
Schubertstr. 14
60325 Frankfurt Main
Germany

[e-mail]
www.cassona.de

This announcement contains forward-looking statements that are based on
current assumptions and forecasts of the management of CASSONA SE. Known
and unknown risks, uncertainties and other factors could lead to material
differences between the forward-looking statements given here and the
actual development, in particular the results, financial situation and
performance of our company. The company assumes no liability to update
these forward-looking statements or to conform them to future events or
developments.

(c) 2014 CASSONA SE is a European corporation in the legal form societas
europaea (SE) with headquarters in Frankfurt am Main, country of origin
Germany and first quotation at the Danish stock exchange GXG Markets A/S in
the EU regulated market segment GXG Official List.


End of Corporate News

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14.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.

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Language: English
Company: CASSONA SE
Schubertstrasse 14
60325 Frankfurt
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.cassona.de
ISIN: DE000A1C6T63
WKN: A1C6T6
Listed: Freiverkehr in Berlin; Frankfurt in Open Market ; GXG


End of News DGAP News-Service
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277741 14.07.2014