Passport Energy Ltd. Provides Update On Production And Announces 34 Section Farmin Agreement Within The SE Saskatchewan Hardy Bakken Core Area

Calgary Alberta, December 05, 2011 - Passport Energy Ltd. (CNSX:PPO; "Passport" or the "Company") is pleased to provide shareholders with an operational update with respect to its recent results in the Hardy SE Saskatchewan Bakken light oil play. Passport also wishes to provide details of a Farmin and Option Agreement which has been signed with a large independent Canadian oil and gas company on 34 sections of land in the Hardy area.

Operational Update
In the second quarter the Company’s first development well, Hardy S HZ 1A4–16-4B4-09-004-21W2, was completed utilizing a 28 stage multi fracture stimulation and placed on production on September 8th, 2011. With this well the Company has earned a 25% working interest in 2 ¼ sections from surface to basement.

TAG Oil's Cheal-B5 Discovery Well Flow Tests 1700 Barrels of Light Oil per Day

TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), is pleased to report the Cheal-B5 discovery well is naturally flowing at an average rate of 1,870 barrels of oil equivalent per day, consisting of 1,700 barrels of oil and 1.0 million cubic feet of gas per day flowing through a 40/64" choke over a five-day test period.

TAG perforated and flow tested 20 meters of continuous oil-and-gas pay in the Cheal-B5 well within the 35 meters of net pay intercepted within the primary Mt. Messenger Formation (~1800m) target. This is the most extensive pay interval ever recorded by a Cheal well, and includes record porosities of up to 30% (averaging over 25%) and a record 60% total gas kick encountered while drilling.

 Point Roberts, WA - December 5, 2011 - Investorideas.com, a leader in sector research including water stocks and energy stocks issues a Q&A interview with Jud Hill, Managing Director of NGP Global Adaptation Partners, L.P. (www.ngpgap.com). NGP Global Adaptation Partners currently invests in water resources and services and food and agriculture.

 Q: Investorideas.com

 Jud, your recently spoke and acted as a moderator at the Water 2.0 Investment Summit Toronto, Canada on November 9, 2011. The theme for your discussion was Resource Recovery - Poised for Investment; can you give us some key points you walked away with?

Cobra Venture Corporation Announces Sale of Saskatchewan Assets

Cobra Venture Corporation (the "Corporation") (TSX VENTURE:CBV) is pleased to announce that, subject to regulatory body and shareholder approval, the Corporation has agreed to sell all of its freehold mineral and royalty interests in the Province of Saskatchewan for an amount of $5,250,000, subject to usual industry adjustments, effective as of January 1, 2012. The Corporation is expected to call a special meeting of shareholders of the Corporation in early 2012 to consider, and if deemed fit, to approve this sale transaction which is anticipated to close on or about February 1, 2012.