Whitecap achieves record production of 16,900 boe/d and provides operational update

Whitecap Resources Inc. ("Whitecap", "we", "us", "our" or the "Company") (WCP.TO) is pleased to report that we have achieved record production of 16,900 boe/d (71% light oil and NGLs) for the month of September, 2012 (based on field estimates). This represents an increase of 25% over second quarter 2012 production and a 153% increase over September 2011 production. On a fully diluted per share basis, this represents an increase of 45% over September 2011 production. Whitecap's third quarter 2012 average production will be within our previous guidance of 15,500 - 16,000 boe/d.

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Petroamerica Announces the Drilling Start-up of the Las Maracas-5 Well, Provides a Production Update for its Colombian Operations, and Announces the Engagement of a Special Advisor to its Board of Directors

Petroamerica Oil Corp. (TSXV: PTA) ("Petroamerica" or the "Company"), a junior oil and gas company operating in Colombia is pleased to announce the start of drilling of the Las Maracas-5 well (the "well") on the Los Ocarros Block in the Llanos Basin of Colombia, which was spud on September 30, 2012.  The well is primarily targeting production from the Mirador Formation but it will also test the deeper Gacheta reservoir in a structurally low position. The well is being drilled with the Tuscany 109 drilling rig, and upon its completion, is expected to be followed closely by the Las Maracas-6 well and a possible water disposal well.

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Manitok Energy Inc. Announces Increase in Size of Bought Deal Public Offering to $17.20 Million

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Manitok Energy Inc. ("Manitok") (TSX VENTURE:MEI) today announced that, as a result of strong investor demand, it has increased the size of its previously announced offering (the "Offering") through a syndicate of underwriters co-led by Integral Wealth Securities Limited, National Bank Financial Inc. and Dundee Securities Inc. and including RBC Capital Markets, TD Securities Inc., Haywood Securities Inc. and Acumen Capital Finance Partners Limited (collectively, the "Underwriters").

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"The Oil's There"

Petroleum News Reports Great Bear's Results From Initial Test Wells

Royale Energy, Inc. (ROYL) Co-CEO Stephen Hosmer spoke to delegates at the Alaska Oil and Gas Congress in Anchorage last week. While sharing the stage with CEO of Great Bear Petroleum Operating LLC, Ed Duncan discussed the results of their initial test wells (Alcor #1 and Merak #1) in which they cored portions of the Shublik, HRZ/GRZ, and Kingak shales, the source rock for Alaska's Prudhoe Bay oil field. "I can tell you with absolute confidence that where we thought we would find oil in these source rocks, we found oil." Duncan said among other comments, and stated that Great Bear will accelerate the development phase of their project by as much as a full year.

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Junex Galt No. 4 Confirms the Oil Potential of the Galt Property

Junex (TSX VENTURE:JNX) is pleased to announce that it has completed drilling operations at its Junex Galt #4 exploration well situated approximately 20 kilometers from the town of Gaspé in eastern Quebec. This well, which attained a total depth of 2,000 meters, was drilled by Junex's drilling division. Numerous oil shows encountered during the drilling of the well and the subsequent recovery of oil in drillstem tests confirm the presence of a very thick oil column that extends from 760 metres to 1,757 meters in depth in the well.

Ten drillstem tests were conducted of which six recovered varying quantities of oil and two recovered oil cut drilling mud; no formation water was recovered in any of the drillstem tests. A total of 29 sidewall cores were also recovered and these will be analyzed over the next few weeks.

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