Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices

Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of Emerge Oil & Gas Inc. (TSX:EME) and Twin Butte Energy (TSX:TBE) have approved the business combination between the two companies. Emerge Oil & Gas will be removed from the S&P/TSX SmallCap and the S&P/TSX Equity SmallCap Indices after the close of Friday, January 13, 2012.

At the same time, the relative weight of Twin Butte Energy Ltd. will increase in the S&P/TSX SmallCap and the S&P/TSX Equity SmallCap Indices to reflect the issuance of shares as part of the acquisition of Emergy Oil & Gas Inc.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.