Cunningham Energy S.A. Announces Formation and Panama Office

PANAMA CITY--()--Cunningham Energy LLC has announced today that it has executed a working agreement with a new international affiliated entity, Cunningham Energy S.A. This new entity based in Panama City, Panama is now active as an international business development and sales office.

“Cunningham Energy S.A. was formed to accommodate the needs and interests of international investors seeking access to Oil & Gas participation outside the United States. Panama has extended a warm welcome to our employees, and we are grateful to be doing business in Central America,” said Ryan Cunningham of Cunningham Energy. “Our pool of international clients has been expanding, which presents a need to service and cultivate that effort with an international entity and office outside the United States. Our firm is also evaluating possible Oil & Gas operating activities throughout Central and South America.” Cunningham Energy S.A. is located in the recently completed Bisca Financial Center Tower in downtown Panama City.

About Cunningham Energy LLC

Cunningham Energy LLC is a private independent production and exploration company based in Charleston, West Virginia. The company was formed in 2008 for the purpose of acquiring, exploring, and producing oil and gas in the Appalachian, Illinois, and Williston Basins. Since inception, Cunningham Energy has relied on past experience in parallel with the application of new technologies to succeed in the ever changing field of efficient energy production. Cunningham Energy is positioned to take advantage of current and future trends in oil and natural gas production throughout these basins with aggressive but responsible decisions in the coming future.

Certain statements contained in this press release constitute "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "should," "up to," approximately," "likely," or "anticipates" or the negative thereof. These forward-looking statements are based on our current expectations, assumptions, estimates and projections for the future of our business and our industry and are not statements of historical fact. Such forward-looking statements include, but are not limited to, statements about our expectations regarding our financing, our future operating results, our future capital expenditures, our expansion and growth of operations and our future investments in and acquisitions of oil and natural gas properties. We have based these forward-looking statements on assumptions and analyses made in light of our experience and our perception of historical trends, current conditions, and expected future developments. However, you should be aware that these forward-looking statements are only our predictions and we cannot guarantee any such outcomes. Future events and actual results may differ materially from the results set forth in or implied in the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: general economic and business conditions; exposure to market risks in our financial instruments; fluctuations in worldwide prices and demand for oil and natural gas; fluctuations in the levels of our oil and natural gas exploration and development activities; our ability to find, acquire and develop oil and gas properties, including the ability to develop the Matterhorn prospects; risks associated with oil and natural gas exploration and development activities; competition for raw materials and customers in the oil and natural gas industry; technological changes and developments in the oil and natural gas industry; legislative and regulatory uncertainties, including proposed changes to federal tax law and climate change legislation, and potential environmental liabilities; our ability to continue as a going concern; and our ability to secure additional capital to fund operations. Additional factors that may affect future results are contained in our filings with the Securities and Exchange Commission ("SEC") and are available at the SEC's web site http://www.sec.gov. Cunningham Energy LLC disclaims any obligation to update and revise statements contained in this press release based on new information or otherwise.

Contacts

Cunningham Energy S.A.
Edwin Malave
Aquilino de la Guardia Ave.
Bisca Tower, Office 5202
Panama City, Panama
Telephone: 507-830-6207
Company Relations Email: info@cunninghamenergy.com

Contacts

Cunningham Energy S.A.
Edwin Malave
Aquilino de la Guardia Ave.
Bisca Tower, Office 5202
Panama City, Panama
Telephone: 507-830-6207
Company Relations Email: info@cunninghamenergy.com