Equal Energy Appoints Oklahoma-based Chief Financial Officer

Thu Jan 17, 2013 7:04pm EST

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CALGARY, Alberta,  Jan. 17, 2013  /PRNewswire/ - Equal Energy Ltd. (TSX: EQU)
 (NYSE: EQU) today named  Scott Smalling  as Vice-President and Chief
 Financial Officer as part of its strategic plan to strengthen its
 presence in  Oklahoma.



Mr. Smalling will take up his new position on  February 1, 2013  and will
 be based in Equal's  Oklahoma City  office. His appointment reflects
 Equal's focus on its  Oklahoma  operations as it transitions to a
 US-based operating entity.



Mr. Smalling is a graduate of  Oklahoma State University  with a B.S.
 majoring in finance. He is also a Chartered Financial Analyst (CFA). 
 He brings to Equal a diverse set of talents and experience in the areas
 of corporate finance and banking, planning, budgeting and corporate
 modeling, risk management and investor relations.  Mr. Smalling was
 most recently Treasury Manager at a major independent public oil and
 gas company.



"We are very happy to have recruited Scott as part of our leadership
 team",  Don Klapko, Equal's President and Chief Executive Officer, said.
 "He has a diverse background and extensive experience in many facets of
 helping lead an independent, public oil and gas company.  With Equal's
 asset base now exclusively in  Oklahoma, it is important that we are led
 by people on the ground in  Oklahoma  with experience and contacts in the
 mid-continent."



Equal is also proceeding with a search for senior engineering and
 exploration executives, to be based in  Oklahoma.


Dell Chapman, the current Senior Vice-President Finance and Chief
 Financial Officer, will remain with Equal until the company has
 completed its year-end audit and reporting requirements, and
 preparations for the 2013 annual shareholder meeting.


About Equal Energy:


Equal Energy is an oil and gas exploration and production company based
 in  Calgary, Alberta, with its  United States  operations office located
 in  Oklahoma City, Oklahoma. Our shares and convertible debentures are
 listed on the Toronto Stock Exchange under the symbols (EQU, EQU.DB.B),
 and our shares are listed on the New York Stock Exchange under the
 symbol (EQU). Our oil and gas assets are centered on the Hunton
 liquids-rich natural gas property in  Oklahoma.


Forward-looking Statements:  
Certain information in this press release constitutes forward-looking
 statements under applicable securities law including the timing of Mr.
 Smalling's starting date, the completion of Mr. Chapman's employment
 with Equal and the potential addition of other senior executives.  Any
 statements that are contained in this press release that are not
 statements of historical fact may be deemed to be forward-looking
 statements. Forward-looking statements are often identified by terms
 such as "may," "should," "anticipate," "expects," "seeks" and similar
 expressions.

Forward-looking statements necessarily involve known and unknown risks,
 such as risks associated with closing the Royalties sale, assignment of
 tax pools and subsequent payment, oil and gas production; marketing and
 transportation; loss of markets; volatility of commodity prices;
 currency and interest rate fluctuations; imprecision of reserve and
 future production estimates; environmental risks; competition;
 incorrect assessment of the value of acquisitions; failure to realize
 the anticipated benefits of dispositions; inability to access
 sufficient capital from internal and external sources; changes in
 legislation, including but not limited to income tax, environmental
 laws and regulatory matters.  Readers are cautioned that the foregoing
 list of factors is not exhaustive.

Readers are cautioned not to place undue reliance on forward-looking
 statements as there can be no assurance that the plans, intentions or
 expectations upon which they are placed will occur. Such information,
 although considered reasonable by management at the time of
 preparation, may prove to be incorrect and actual results may differ
 materially from those anticipated forward-looking statements contained
 in this press release are expressly qualified by this cautionary
 statement.

Additional information on these and other factors that could affect
 Equal's operations or financial results are included in Equal's reports
 on file with Canadian and U.S. securities regulatory authorities and
 may be accessed through the SEDAR website (www.sedar.com), the SEC's website
(www.sec.gov), Equal's website (www.equalenergy.ca) or by contacting Equal.
Furthermore, the forward looking statements
 contained in this news release are made as of the date of this news
 release, and Equal does not undertake any obligation to update publicly
 or to revise any of the included forward-looking statements, whether as
 a result of new information, future events or otherwise, except as
 expressly required by securities law.

SOURCE  Equal Energy Ltd.

Contacts:

Dell Chapman

SVP Finance & CFO

(403) 538-3580 or (877) 263-0262

Don Klapko

President & CEO

(403) 536-8373 or (877) 263-0262

Bernard Simon

Vice-President - Kingsdale Communications Inc.

(416) 867 2304

info@equalenergy.ca

www.equalenergy.ca

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