Shoreline Energy Corp. Engages MZ Group as Its Investor Relations Advisor
CALGARY, ALBERTA, Apr 4, 2012 (Marketwire via COMTEX) -- Shoreline Energy Corp. ("Shoreline" or the "Company") today announced it has retained MZ Group ("MZ") as its investor relations advisor. MZ Group is teaming up with Shoreline management to increase market awareness of Shorelines value creation model for junior oil and gas investors. MZ will provide investor relations support to Shoreline, including assistance in developing and implementing programs designed to enhance communication with existing stakeholders, prospective investors and wealth managers. Company communications will reach a broad segment of the investment sector including retail investors, equity brokers, analysts, micro-cap portfolio/fund managers, market makers and appropriate financial and trade publications.
"We are pleased to be partnering with MZ Group to further expand our investor relations efforts," said Trevor Folk, Chief Executive Officer of Shoreline. "We continue to execute on our strategy of increasing shareholder value and Company cash flow by increasing our light oil reserves and production from our extensive project portfolio concentrated in the Peace River Arch area of northwest Alberta. In addition to increasing corporate cash flow and reserve value, Shoreline offers investors attractive return on capital through a quarterly dividend program. We believe MZ Group provides the established track record needed to enhance existing relationships with stakeholders and to develop new relationships with retail and institutional investors across multiple markets. By teaming with MZ Group we seek to accelerate our plans to build a strong corporate brand and expand our shareholder base."
"We look forward to helping Shoreline further elevate its public image and are excited to be working with the management team. The Company is a unique emerging junior oil and gas company who has grown production through acquisitions and drilling from startup in Q2 2011 to a forecast Q1 2012 production base of over 1,900 barrels of oil equivalent per day. The Shoreline team has amassed 128,000 net acres of land, and has identified a multi-year portfolio of oil drilling projects" said Derek Gradwell, Senior Vice President of Natural Resources with MZ Group North America. "Shoreline is also unique in that it currently pays a $0.20 per share quarterly dividend, which represents a annualized yield of approximately 11%. The attractive yield coupled with increasing production levels and increasing reserve value is a testament to managements commitment to creating tangible returns for its shareholders."
About MZ Group
MZ Group ( www.mzgroup.us ) is the worlds largest independent investor relations and corporate communications firm. With offices in New York, Chicago, San Diego, Atlanta, Vancouver, Sao Paulo, Beijing, Shanghai, Hong Kong and Taipei, the firm currently has over 370 professionals serving more than 580 clients located throughout 10 countries. MZ Group provides innovative, customized services to domestic and multinational companies through a unique, fully-integrated "one-stop-shop" business model.