2012-11-12 15:44:02 -

CALGARY, ALBERTA -- (Marketwire) -- 11/12/12 -- Skope Energy Inc. (TSX:SKL) ("Skope" or the "Company") has been advised that effective November 9, 2012 its lender has entered into an agreement (the "Assignment Agreement") whereby the lender has agreed to sell, assign and transfer Skope's credit facility to an independent third party (the "Assignee").



In addition, the Company has received written notice from the Assignee that it intends to enforce its security under the credit facility (the "Notice"). The Assignee will not have the right to enforce the security until after the expiry of a 10 day period following the sending of the Notice. The Company is in the process of examining its options in light of the assignment of the credit facility and receipt of the Notice.


ABOUT SKOPE ENERGY INC.


Skope is in the business of oil and natural gas exploration, development and production in Western Canada with a focus on shallow natural gas. Skope owns an 80% working interest in a package of high quality, long-term, low decline producing shallow gas assets, located in southeast Alberta and southwest Saskatchewan.



Contacts:

Skope Energy Inc.

Henry Cohen

President and Chief Executive Officer

416 850 0193
henry.cohen@skopeenergy.com :


Skope Energy Inc.

Viren Wong

Executive Vice-President and Chief Operating Officer

416 850 0193
viren.wong@skopeenergy.com :


Skope Energy Inc.

Daniel Belot

Vice President, Finance and Chief Financial Officer

403 538 8018
daniel.belot@skopeenergy.com :