 | Suite 1204- 120 Adelaide St. W |
| Toronto, Ontario |
| M5G 1T1 |
| www.adiraenergy.com |
| t. 416.361.2211 |
| f.416.361.6455 |
| TSX.V: ADL |
News Release
ADIRA ANNOUNCES DETAILS OF CONFERENCE CALL TO DISCUSS RESULTS OF RESOURCE REPORTS
TORONTO, September 07, 2011 /CNW/ - ADIRA ENERGY LTD. (TSXV: ADL) (OTCBB: ADENF) (FRANKFURT: AORLB8).Adira Energy Ltd. (“Adira” or the “Company”) provides details for a conference call to discuss the results of the reports related to the Gabriella and the Yitzhak licenses, prepared by Gustavson Associates and titled “Report for License #378 / Gabriella, Offshore Israel”, dated September 06, 2011 and “Report for License #380 / Yitzhak, Offshore Israel”, dated September 06, 2011, respectively.
A conference call will be held with Gustavson to discuss the results of the reports, tomorrow,Thursday September 08, 2011 at 10:30 a.m. (EDT).
Participants may join the call by dialing:
| Canada & US toll free: | 1-800-319-4610 |
| UK toll free: | 0808-101-2791 |
| Israel toll free: | 1809-458-327 |
For participants calling from another country, please call +1-604-638-5340 or follow the link below for more details.http://services.choruscall.com/links/itfsa.html
A recorded playback of the call will be available for one month until October 8, 2011 by dialing 1-800-319-6413 within North America, and +1-604-638-9010 for international participants, followed by the passcode 2479#.
About Adira Energy Ltd.
Adira Energy Ltd. is an energy company which explores for oil and gas on and offshore Israel. It has four petroleum exploration licenses; the Eitan, Gabriella, Yitzhak and Samuel Licenses. These licenses are located respectively on-shore Israel in the Hula Valley, 10 km offshore between Netanya and Ashdod, 17 km offshore between Hadera and Netanya and adjacent to the coast between Ashkelon and Bat-Yam.
The Company has received two gross prospective resource reports related to the Gabriella and the Yitzhak licenses, prepared by Gustavson Associates and titled “Report for License #378 / Gabriella, Offshore Israel”, dated September 06, 2011 and “Report for License #380 / Yitzhak, Offshore Israel”, dated September 06, 2011, respectively.
Forward-Looking Statement Disclaimer
This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this press release, other than statements of historical facts, including those that announce proposed financings that the Company expects to complete, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the failure of investors who are believed to have committed to the financings to complete them as a result of general market conditions, adverse developments unique to such investors, or otherwise. Accordingly, the actual amounts raised may differ materially from those projected in the forward-looking statements. In addition, please note that statements relating to “resources” or “reserves” are deemed to be forward- looking statements, as they involve the implied assessment, based on certain estimated and assumptions that the resources or reserves described can be profitably produced in the future. Such statements represent the Company’s internal projections, estimated or beliefs, concerning, among other things an outlook on the estimated amounts and timing of capital expenditures, anticipated future debt levels and incentive fees or revenues or other expectation, beliefs, plans, objectives, assumption, intentions or statement about future events or performance. These statements are only predictions. Actual events or results may differ materially. Although the Company believes that the expectations reflected in the statements are reasonable, it cannot guarantee future results since such results are inherently subject to significant business, economic, corporate, political and social uncertainties and contingencies. Many factors cause the Company’s actual results to differ materially from those expressed or implied in any forward looking statements made by, or on behalf of, the Company and the foregoing list of important factors is not exhaustive. The statements contained herein are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise. Company shareholders and potential investors should carefully consider the information contained in the Company’s filing with Canadian securities administrators atwww.sedar.com before making investment decisions with regard to the Company
| For More Information Contact: | |
| | |
| Canada | Israel |
| Alan Friedman | Arad Communications |
| Exec. Vice President, Corp. Dev. | Irit Radia |
| +1 416 250 1955 | iritr@euroisrael.co.il |
| | +972-3-7693333 or +972-54-6699311 |
| Julia Maxwell | |
| Manager, Investor Relations | |
| info@adiraenergy.com | |
| +1 416 361 2211 | |
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
