Equal Energy Board Unanimously Rejects Non-Binding Expression of Interest from Montclair Energy

Equal Energy Board Unanimously Rejects Non-Binding Expression of Interest from Montclair Energy

After careful consideration, the
board of directors (the “Board”) of Equal Energy Ltd. (the “Company” or
“Equal”) (NYSE: EQU) today unanimously rejected the
non-binding expression of interest (the “New Proposal”) received on
August 14, 2013 from Montclair Energy, LLC (“Montclair”).  As discussed
in Equal’s press release of August 15, 2013, the New Proposal revised
Montclair’s previous unsolicited and conditional expression of interest
dated February 27, 2013. In deciding to reject the New Proposal, the
Board considered the recommendation of the Company’s Special Committee
and advice from its financial and legal advisors.

See full press release


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