Petro Viking Joins the Race for First Oil in Off-Shore Namibia

Petro Viking Energy Inc. ("Petro Viking") (TSX VENTURE:VIK.V - News) is pleased to announce it has entered into a Letter of Intent ("LOI") with Grisham Assets Corp. ("Grisham") dated March 19, 2012 to acquire 100% of the issued and outstanding shares in the capital of Grisham.

Grisham is a private company incorporated under the laws of the British Virgin Islands whose principal asset is an agreement to acquire an 80% interest in blocks 1810, 1710, and 2913B offshore the coast of Namibia, Africa and covering an area of more than 20,000km2. The Ministry of Mines and Energy of the Republic of Namibia has issued a Petroleum Exploration License on block 1710 and licenses are pending on blocks 1810 and 2913B, which are expected to be granted prior to closing.

Recon Technology Introduces Baker Hughes Frac-Point(TM) System to Sinopec

Recon Technology, Ltd (Nasdaq: RCON - News), a Chinese non-state-owned oil and gas automation services provider (the "Company"), announced today that one of its variable interest entities, Beijing BHD Petroleum Technology Co., Ltd. ("BHD"), introduced the Baker Hughes Frac-PointTM System to China Petroleum and Chemical Corporation's ("Sinopec") Zhongyuan oilfield. The system helped Sinopec complete the fracturing of a dense sandstone horizontal well that required multistate fracturing. This cooperation positions BHD very well in meeting Sinopec's further fracturing needs. As of March 19, 2012, BHD has signed several contracts with an accumulated contract value of RMB 30 million (approximately $4.75 million). These contracts will be performed in different stages and are expected to be completed during the first half of 2012.

Mountainview Energy Ltd provides operational update - Initial production rate is 1,157 boe/d for horizontal Bakken well drilled in Divide County, ND in the Williston Basin

Mountainview Energy Ltd. (TSXV: MVW) ("Mountainview" or the "Company") is pleased to provide an operational update on the completion of the Wolter 13-23H  horizontal Bakken well in the Section 23-T163N-R100W, Divide County, North Dakota by SM Energy Company ("SM Energy"), a public company traded on the New York Stock Exchange.  Drilling and fracturing operations on the Wolter 13-23H well are complete and the well is currently producing.  The Wolter 13-23H has recently been taken off of the confidential list.  The initial production rate was 1,157 barrels of oil equivalent ("boe") per day.* This initial production was made up of 996 barrels of oil, 964 Mcf of natural gas and 550 barrels of water.  The well has produced for approximately 60 days and has produced 34,836 barrels of oil and 33,602 Mcf of gas.  The 60-day average production rate for the Wolter 13-23H well is approximately 674 boe/d with 581 bbl/d oil and 560 Mcf/d of gas.  Mountainview owns approximately a 3.25% working interest in the Wolter 13-23H well.

Vantage Drilling Company Reports Fourth Quarter 2011 Results

Vantage Drilling Company ("Vantage") (AMEX: VTG ) reports a net loss of $9.3 million or ($0.03) per diluted share for the three months ended December 31, 2011 as compared to a net loss of $13.0 million or ($0.05) per diluted share for the three months ended December 31, 2010.

Net loss for the fiscal year ended December 31, 2011 was $54.8 million or ($0.19) per share excluding approximately $25.2 million of charges for the early retirement of debt as compared to a loss of $19.8 million or ($0.08) per share in the prior year period, excluding approximately $27.8 million of acquisition and refinancing charges. Including the acquisition and refinancing charges, Vantage reported a net loss $80.0 million or ($0.28) per diluted share for the year ended December 31, 2011 as compared to a net loss of $47.6 million or $(0.19) per diluted share for the year ended December 31, 2010.