Independent Gross Prospective Report Includes (P50) Best Estimate of 7.79 Billion Barrels of Prospective Oil

ECO (ATLANTIC) OIL AND GAS LTD. (TSX-V:EOG.V - News) Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") is pleased to announce the Company has received an independent Leads Report for Blocks "2213A" and "2213B" collectively the "Sharon Block" offshore Namibia including a (P50) Best Estimate of 7.79 Billion barrels of prospective oil. The report was prepared by Gustavson Associates LLC ("Gustavson") of Boulder, Colorado.

Gustavson conducted an assessment of the Gross Prospective Resource as of March 6, 2012. The data provided includes recently acquired 2D seismic data and reports from four wells that were drilled in the vicinity of the block.

New York, NY- March 8, 2012 - (Investorideas.com Newswire) www.InvestorIdeas.com, a global investor research portal for independent investors, reports on ongoing developments in the natural gas fuel transportation sector. Following on its news in February of partnering with 3M (NYSE:MMM) to create a CNG Tank, incorporating 3M's nanotech technology, Chesapeake (NYSE: CHK ) announced on Wednesday it has entered into a collaboration with GE (NYSE: GE) to advance its vision of adopting natural gas as a clean transportation fuel in the U.S. Chesapeake's stock was up over 2% on the news.

PetroBakken Announces Record Fourth Quarter Production of 48,007 boepd and Record Quarterly Funds Flow From Operations of $231 Million

PetroBakken Energy Ltd. (the "Company" or "PetroBakken") (TSX:PBN.TO - News) is pleased to announce our fourth quarter and year-end 2011 financial and operating results.

FINANCIAL & OPERATING HIGHLIGHTS
(In this press release, annual comparisons are 2011 compared to 2010 and quarterly comparisons are fourth quarter 2011 compared to fourth quarter 2010 unless otherwise noted.)

--  December 2011 production averaged 50,250 barrels of oil equivalent per  day ("boepd"), exceeding our exit production guidance estimates and  setting a new corporate benchmark. This is an 18% increase over December 2010.

Advancements into the natural gas transportation fuel market

 New York, NY – (Investorideas.com Newswire) Investorideas.com, a leader in sector research for independent investor’s reports on developments in nanotechnology that can be a potential game changer in the natural gas sector. In February 3M (NYSE:MMM) and Chesapeake Energy (NYSE:CHK) announced news on a new partnership to create a CNG Tank, incorporating 3M’s nanotech technology.

 As oil prices move higher, it makes perfect sense for this partnership to forge ahead and make advancements into the natural gas transportation fuel market. 3M is a leader in nanotech technology and Chesapeake Energy (NYSE:CHK) is the second-largest producer of natural gas; a perfect marriage.