Stream Oil & Gas Announces Albanian Reserves of over $145.3 million

Stream Oil & Gas Ltd. (TSX-V: SKO) is pleased to announce the results of its independent reserve evaluation prepared by AJM Petroleum Consultants ("AJM") as at November 30, 2009, in accordance with the provisions of National Instrument 51-101 ('N1 51-101') and the Canadian Oil and Gas Evaluation Handbook ("COGEH").

Reserve Highlights
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- Before tax net present value of Gross Proved plus Probable reserves of $145.3 million (discounted at 10%), not accounting for US $30 million value of mineral tax neutralization allowed under Stream's Petroleum Agreements;

BNK reports 83 percent increase in proved reserve volumes from its Tishomingo shale gas field since year end 2008

BNK Petroleum Inc. (the "Company" or "BNK")/(TSX: BKX) is pleased to announce a 83 percent increase of its Tishomingo shale gas field reported proved reserves ("1P") to 15.3 million boe from 8.4 million boe at year end 2008. Proved reserves as of October 1, 2009 were $105.1 million, calculated at a 10% pre-tax present value of future net revenue ("NPV"). Unless otherwise stated, reserves refer to reserves of either natural gas or natural gas liquids or barrels of oil equivalent ("boe"). Certain amounts cited herein have been rounded for presentation purposes.

Royale Energy Discovers New Natural Gas Field

Royale Energy, Inc. (NASDAQ: ROYL) announces that after reaching a total depth of 6200 feet, it has set pipe on what the company believes to be a significant new discovery.

The Goddard 7-1 which commenced drilling on September 23^rd was located one mile north of the boundary of the company’s successful Lonestar field. The well was drilled to test a significant 3D seismic amplitude at a previously unexplored depth. At this depth the well encountered higher pressure than those produced in the Lonestar field increasing the expected rate of gas recovery.

This new field discovery provides Royale Energy with significant new development opportunities to increase its production and natural gas reserves. Current prices for its PG&E citygate is $5.04 MCF. The Company has 2,000 MCF per day sold through December 2009 at $4.85 MCF.

Hyduke Energy Services Inc. announces $17,400,000 contract for Mexico

Hyduke Energy Services Inc. ("Hyduke") (TSX:HYD), is pleased to announce that is has recently been awarded a contract to provide four partial drilling rig equipment packages for a Mexican drilling contractor. The contract, valued at approximately $17,400,000, will be completed over the next five months with the first rig package being delivered in December 2009 and the final rig package being delivered in March 2010.

Gordon McCormack, President and Chief Executive Officer, commented, "We are extremely pleased with winning this contract. Hyduke was able to win this contract in the face of stiff competition from all major North American equipment manufacturers as demand in Canada and the US remains low.