Lycos Energy Inc. announced the completion of the previously announced business combination among Samoth Oilfield Inc., Chronos Resources Ltd. and 2470638 Alberta Ltd. pursuant to the policies of the TSX Venture Exchange to form Lycos, an oil-focused, exploration, development and production company. Pursuant to the Business Combination, Lycos appointed a new management team led by Dave Burton as President. In addition, Sanjib (Sony) Gill, a partner in the Calgary office of the national law firm Stikeman Elliott LLP, will act as Corporate Secretary and the company also appointed a new board of directors, comprised of Dave Burton, Kevin Olson, Ian Atkinson, Ali Horvath, Bruce Beynon, Don Cowie and Kel Johnston.

Neil Roszell will serve as a Special Advisor to the Board.