PETRONAS to Acquire Progress Energy

Companies agree to $5.5 Billion Acquisition

PETRONAS, the Malaysian national oil and gas company, and Progress Energy Resources Corp. (Progress) (TSX:PRQ) today announced that PETRONAS' Canadian subsidiary, PETRONAS Carigali Canada Ltd (PETRONAS Canada), and Progress have entered into an agreement for the purchase by PETRONAS Canada of all of Progress' outstanding common shares at a cash price of C$20.45 per share. Including the amount to be paid for Progress' outstanding convertible debentures, the transaction is valued at approximately C$5.5 billion. The transaction is to be completed by way of an arrangement under the Business Corporations Act (Alberta).

Published: 28 June 2012
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Anatolia Energy awarded three new Dadas Shale prospective licences

Anatolia Energy Corp. (the "Company") (TSX-V:AEE.V - News) is pleased to announce that it has been jointly awarded three new Dadas Shale prospective licences in the Gaziantep District in southern Turkey with its partner, Çalık Enerji San. ve Tic. AŞ. ("Calik").  The three licences cover a contiguous area of 366,990 gross acres (183,495 net) and are immediately adjacent to the existing Antep block in which Anatolia can earn a 50% interest.

Published: 22 June 2012
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Petrominerales Announces Guala Oil Discovery on Corcel Block and Provides an Update on Bromelia

Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG)(BVC:PMGC) is pleased to announce our Guala-1 oil discovery and provide an update on operations.

Deep Llanos Basin (Corcel, Guatiquia and South Block 31), Colombia

As previously announced, we drilled our Guala-1 well to a total measured depth of 12,432 feet. Well logs indicate 47 feet of potential net oil pay, 38 feet in the Lower Sand 1 formation and 9 feet in the Guadalupe formation. After completing the well in the Lower Sand 1, we installed an electric submersible pump and placed the well on production.

Published: 18 June 2012
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Lundin Petroleum Receives Final Norwegian Parliament Approval for the Edvard Grieg Plan of Development

Lundin Petroleum AB (TSX:LUP)(OMX:LUPE) ("Lundin Petroleum") is pleased to announce that its wholly owned subsidiary Lundin Norway AS has received final approval for the plan for development and operation (PDO) for the Edvard Grieg field from the Norwegian Parliament. The Norwegian Ministry of Petroleum and Energy concurred with the field development plan in April 2012. The Edvard Grieg is the first standalone development project operated by Lundin Petroleum on the Norwegian Continental Shelf (NCS).

First production from the Edvard Grieg field in PL338 is expected in late 2015 with a forecast gross peak production of approximately 100,000 barrels of oil equivalent per day (boepd) (90,000 barrels of oil per day (bopd) and 1.5 million Sm3 of gas per day).

Published: 12 June 2012
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Anatolia Energy announces updated NI 51-101 results including 11.6 billion barrels of original oil in place and 412 million barrels of prospective recoverable oil in Turkey's Dadas Shale and provides details for investor conference call

Anatolia Energy Corp. (the "Company" or "Anatolia") (TSXV:AEE.V - News) is pleased to report the results of an independent, NI 51-101 compliant resource evaluation report (the "Ryder Scott Report") of the Company's unconventional shale resource that has been completed by Ryder Scott Petroleum Consultants ("Ryder Scott") and has identified a P50 gross best estimate of 11.6 billion barrels of original oil in place ("OOIP") on the Company's prospective Dadas Shale acreage in Turkey in which it holds a 50% interest.

Published: 12 June 2012
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