Vancouver, British Columbia--(Newsfile Corp. - November 29, 2013) - Investment firm Jennings Capital has initiated coverage on Crocotta Energy (TSX: CTA). Analyst Mark Heim gives the company a buy recommendation and a 12-month target price of $4.25, a premium of 52% to the $2.80 price the day the report was issued.

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Crocotta Energy, an emerging junior oil and gas company engaged in the acquisition, exploration, development and production of oil and natural gas reserves in Western Canada, is led by President and CEO, Robert Zakresky, and a team that has successfully built and monetized several junior oil and gas companies.

The company is focused principally in two main areas of Edson, Alberta, and also in Dawson in Northeast British Columbia. Total current corporate production is approximately 9,500 barrels of oil equivalent per day, with about 30% crude oil and liquids, and on track to exit the year at 10,500 Boe/d.

Crocotta's shares currently trade at $2.80, below the $4.25 target price, and with 96.1 million shares outstanding, the company is capitalized at $269 million.

For more information please visit the company's website www.crocotta.ca contact Robert Zakresky President and CEO at 403-538-3736, or email info@crocotta.ca.

For more information about Jennings Capital or to obtain a copy of their research report, contact your nearest Jennings Capital office. Their branches are listed on their website at www.jenningscapital.com.

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