Pan Orient Energy Corp./NSE-H3 New Pool Oil Discovery: 840 bopd

Pan Orient Energy Corp. (TSX VENTURE:POE) - THAILAND

NSE-H3 New Pool Oil Discovery (60-per-cent working interest and operator)

Pan Orient Energy as operator of the L44/43 concession located onshore Thailand is pleased to announce that testing of the NSE-H3 well has confirmed the discovery of commercial hydrocarbons in a previously untested volcanic reservoir approximately 45 meters in thickness at 610 meters true vertical depth (TVD). The well is currently pumping through the annulus and free flowing through the casing, 32 degree API oil at a stabilized rate of 840 bopd and a water cut of less than 0.5%.

Ivanhoe Energy Ecuador granted environmental license and authority to initiate operations on Ecuador's Pungarayacu oil field

Robert Friedland, Executive Chairman, President and CEO of Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN), and David Martin, Chairman and CEO of Ivanhoe Energy Latin America Inc., announced today that Ivanhoe Energy Ecuador Inc. has received authority to assume control of Block 20 and initiate operations on the Pungarayacu field in Ecuador. This follows the receipt by Ivanhoe Energy Ecuador of a key environmental license issued by the Ecuadorean government, related to the development of the Pungarayacu field.

Pungarayacu is considered by Ecuador to be the country's largest known single accumulation of hydrocarbon resource. The Pungarayacu oil field, covering 250 square miles (647 square kilometres), was discovered and partly delineated approximately 30 years ago by Petroecuador.

Petro Vista Encounters Strong Oil Shows at Morichito #1N and Prepares to Test Well

Petro Vista Energy Corporation (TSX VENTURE: PTV) ("Petro Vista" or the "Company") is pleased to announce that the Morichito #1N well in the Morichito Block in Colombia reached total depth of 6,829 feet and encountered strong oil shows from several horizons. Interim results from detailed log and petrophysical analysis indicate four potential pay zones. The well has been cased for completion and will now undergo testing over the next three weeks to fully evaluate the prospective horizons.

The Morichito #1N well encountered several interesting zones including the following potentially prospective horizons:
- Carbonera C7 - 5,623 feet TVD, 24-31% porosity
- Gacheta - 6,228 feet TVD, 24-29% porosity
- Ubaque - 6,351feet TVD, 12% porosity

Talisman Energy Announces a Significant Discovery in Colombia

Talisman (Colombia) Oil & Gas Ltd., a wholly owned subsidiary of Talisman Energy Inc. (TSX: TLM) (NYSE: TLM) ("Talisman"), has announced a significant gas condensate field discovery in the Niscota Block of the Andes foothills, located 300 kilometres north east of Bogota, Colombia.

In the Niscota Block, the Huron-1 well, which was spudded in June last year, has been drilled to a current depth of 18,275 feet in a heavily faulted area and encountered several reservoirs. One reservoir was tested at 3,400 bbls/d of gas condensate. The well is currently being deepened to complete the evaluation of the prospective section. Further logging and testing is planned.