Barnabus Completes Formal Acquisition of Manyberries Natural Gas Project.CALGARY, Alberta -- Barnabus Enterprises Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BBSE BBSE Bull Breeding Soundness Evaluation BBSE Bilateral Breath Sounds Equal (pulmonary examination finding) BBSE Brigade/Battalion Staff Exercise BBSE Ballyboden St. Enda's (Dublin, Ireland) ) is pleased today to announce that the Company has completed the formal acquisition of the Manyberries Gas Project, Alberta Canada. Barnabus has acquired a 90% working interest in the project that consists of producing gas wells, pipeline and gas gathering and distribution systems, as well as a sweet-sour gas processing plant. The Company expects to have the existing gas wells in production and begin a comprehensive work program on further wells within the next few weeks. Barnabus has now executed formal agreements with the vendors; MB Gas, Inc., Goldstar Gas Corporation, and other parties. In other important corporate news, after careful contemplation Contemplation Compleat Angler, The Izaak Walton’s classic treatise on the Contemplative Man’s Recreation. [Br. Lit.: The Compleat Angler] Thinker, The sculpture by Rodin, depicting contemplative man. , Management has decided not to undergo a share consolidation at this time as it is felt that it is not in the best overall interest of the shareholders. Barnabus is however still considering a name and CUSIP number CUSIP Number An identification number assigned to all stocks and registered bonds. The Committee on Uniform Securities Identification Procedures (CUSIP) oversees the entire CUSIP system. Notes: This system is used in the U.S. and Canada. change to more accurately reflect the new direction into the energy sector which has recently seen energy prices reach or exceed historic high prices. The Company will keep shareholders apprised as to when the name change may occur. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Barnabus Enterprises Ltd. has little or no control. ON BEHALF OF THE BOARD Barnabus Enterprises Ltd. Kerry Nagy, President |
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