SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a - 16 OR 15d - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2005
Assure Energy, Inc.
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(Registrant's name)
521 3rd Avenue, S.W., Suite 800
Calgary, Alberta T2P 3T3
Canada
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(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40F
Form 20-F |X| Form 40-F |_|
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes |_| No |X|
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
TABLE OF CONTENTS
1. Press Release dated April 21, 2005 respecting Sale of Non-Core
Property for CDN$5,500,000; Production Updates; and Value Maximization Process.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: April 22, 2005 ASSURE ENERGY, INC.
By: /s/ Harvey Lalach
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Name: Harvey Lalach
Title: President
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Press Release dated April 21, 2005
Announcing Sale of Non-Core Property for CDN$5,500,000; Production
Update; and Value Maximization Process
April 21, 2005
Assure Energy, Inc. Announces Sale of non-Core Property, Production Updates and
Value Maximization Process
CALGARY, ALBERTA - Assure Energy, Inc. (OTCBB: ASURF) (Frankfurt ASL)(WKN
357954) ("Assure" or the "Company") announces the completion of the sale of its
Chestermere property for $5,500,000. Proceeds from the sale have been applied to
working capital.
Assure's North East British Columbia winter drilling program has resulted in
strong production gains. Current production, net of the Chestermere disposition,
is approximately 1,025 boepd with an additional 3 mmcfpd to be tied in within
the next two weeks. Assure anticipates tying in its second gas well (50% working
interest) prior to June 30, 2005. Upon the completion of its second gas well,
Assure expects to have production of approximately 1,800 boepd (approx. 70%
gas).
As part of Assure's ongoing efforts to enhance shareholder value and create
liquidity, the Company has engaged Haywood Securities Inc. as its financial
advisor to assist in evaluating alternatives to maximize value for shareholders.
A strategic review will commence immediately.
Assure is a junior oil and gas company with operations in British Columbia,
Alberta and Saskatchewan. Assure maintains a high working interest in its
properties and operates over 90% of its production.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1995. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future events or
performance and underlying assumptions and other statements, which are other
than statements of historical facts. These statements are subject to
uncertainties and risks including, but not limited to, product and service
demand and acceptance, changes in technology, economic conditions, the impact of
competition and pricing, government regulation, and other risks defined in this
document and in statements filed from time to time with the Securities and
Exchange Commission. All such forward-looking statements, whether written or
oral, and whether made by, or on behalf of, the Company, are expressly qualified
by these cautionary statements and any other cautionary statements which may
accompany the forward-looking statements. In addition, the Company disclaims any
obligation to update any forward-looking statements to reflect events or
circumstances after the date hereof.
For further information, contact:
Assure Energy Inc. or Haywood Securities Inc.
Harvey Lalach, President David McGorman, Managing Director
Phone: (403) 266-4975 Phone: (403) 509-1935
Email: hlalach@assure-energy.com Email: dmcgorman@haywood.com
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