Perpetual Energy Inc. announces exercise of option for Warwick Gas Storage, approval of IETP funding for Panny Bitumen Project and credit facility renewal

Perpetual Energy Inc. ("Perpetual" or the "Company") is pleased to announce:

1)     The exercise of its option to purchase an additional 20 percent interest in Warwick Gas Storage ("WGS LP");
2)     Confirmation of funding for the Panny Bitumen Project through the Government of Alberta's Innovative Energy Technologies Program ("IETP"); and
3)     Renewal of Perpetual's credit facility with a revised borrowing base of $125 million.

Warwick Gas Storage

Published: 29 April 2013
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Alberta Star Completes Sale of Oil and Gas Assets for $1.875 Million

  Alberta Star Development Corp. (TSX VENTURE:ASX)(OTCBB:ASXSF)(FRANKFURT:QLD) has completed the previously announced sale of its heavy oil assets in Alberta and Saskatchewan to Petrocapita Oil and Gas L.P. ("Petrocapita") of Calgary, Alberta for total net cash consideration of $1,900,513 after taking into account initial industry standard adjustments to the agreed purchase price of $1,875,000. The effective date of this transaction is March 1, 2013, with final adjustments to be calculated 90 days following closing.

Published: 24 April 2013
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Bengal's Drilling Campaign Continues to Show 100% Success Rate - Now 10 for 10 at Cuisinier in the Cooper Basin

Bengal Energy Ltd. (TSX:BNG.TO) ("Bengal" or the "Company") is pleased to announce that the Cuisinier 8 well ("Cuisinier 8"), the second well in the 2013 Cuisinier appraisal drilling campaign on the Barta sub-block ("Barta sub-block") portion of Authority to Prospect ("ATP") 752P in the Cooper-Eromanga Basin, in Queensland, Australia, has been cased as a future oil producer.

The Cretaceous Murta member, DC70 sand was the primary target and the well encountered approximately 7.6 metres of net sandstone with a preliminary estimate of 6.8 metres net pay.

Published: 23 April 2013
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TAG Oil Targets Unconventional Discoveries with First Oil and Gas Exploration Well in New Zealand's East Coast Basin

TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to announce that drilling of the Ngapaeruru-1 exploration well is now underway in TAG's 100% controlled Petroleum Exploration Permit 38349, located in the East Coast Basin of New Zealand. The Ngapaeruru-1 exploration well, spudded at 4:30am on April 22nd, 2013 is targeting the Waipawa Black Shale and Whangai source rock formations at an anticipated depth of 1,800 meters, and will test the unconventional discovery potential in this portion of the Basin.

Published: 22 April 2013
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Quattro, Announces the Closing of the Acquisition of 39 boe/d of Oil and Gas Production in Alberta and Welcomes the Addition of Jeff Boyd, P.Eng to our Management Team

Quattro Exploration And Production Ltd. (TSX VENTURE:QXP) ("Quattro" or the "Company") is pleased to announce that it has entered into an arms-length agreement with a private Alberta-based oil and gas exploration and production company to acquire certain oil and gas interests in eastern Alberta.

The acquisition is comprised of a 100% interest in a package of gas producing properties, currently producing an aggregate 39 boe/d (of which 4% is natural gas liquids), and additional associated undeveloped lands in east central Alberta.

Published: 19 April 2013
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