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Enter Symbol
or Name
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Petrodorado Energy Ltd
Symbol PDQ
Shares Issued 482,547,066
Close 2011-11-29 C$ 0.20
Market Cap C$ 96,509,413
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ORIGINAL: Petrodorado Grants Stock Options

2011-11-30 16:17 ET - News Release


Petrodorado Grants Stock Options

Not For Dissemination in the United States or For Distribution to U.S. Wire Services


Calgary, Alberta CANADA, November 30, 2011 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), has authorized the issuance of 7 million stock options, with a strike price of $0.25, to its officers.


Personnel Update:

Petrodorado issues 7 million stock options with an exercise price of $0.25, to its officers.


About Petrodorado Energy Ltd.

Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia, Peru and Paraguay. Its head office is located in Calgary, Alberta, Canada and Petrodorado's  common shares are traded on the TSXV under the trading symbol PDQ.


For further information please contact:

Krishna Vathyam, President and CEO, interim CFO
(403) 930 7506
Email: info@petrodorado.com
Website: www.petrodorado.com


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements". Such forward-looking statements, including but not limited to uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned that the assumption used in the preparation of the forward-looking statements, although considered reasonable at the time of preparation may prove to be imprecise and, as such undue reliance should not be placed on forward-looking statements.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaim any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.

Neither theTSX 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.


PETRODORADO ENERGY LTD.
Suite 100 Bow Valley Square II
205 - 5 Ave S.W.
Calgary, Alberta, Canada, T2P 3G6
Tel: (403) 930-7506
Fax: (403) 930 7596


To view this release as a webpage, please click the following link:
http://www.usetdas.com/pr/petrodorado11302011.htm  












Source: Petrodorado Energy Ltd. (TSX-V: PDQ) http://www.petrodorado.com
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