Result Energy closes bought deal financing

On February 2, 2006, Result Energy Inc. announced that it had closed its previously announced bought-deal financing through Acumen Capital Finance Partners Limited, raising gross proceeds of $6,640,000 by issuing a total of 5,312,000 common shares at $1.25 per share.

Proceeds from the financing will be used to finance ongoing exploration and development of Result's three core areas in the Peace River Arch region of Alberta, the Pembina area in central Alberta, south-west Saskatchewan, and for general corporate purposes.

Result is a publicly traded Canadian energy company involved in the exploration and development of oil and gas properties in western Canada and trades on the TSX Venture Exchange under the symbol "RTE".

Result was advised in this financing by a team from Fasken Martineau comprised of Rod Ferguson and Diana Horsman Nakka.