Buffalo Resources Year-End Reserves Value Increases 53%

Buffalo Resources Corp. ("Buffalo" or the "Company") (TSX VENTURE:BFR) is pleased to announce the results of its independent reserves evaluation as at December 31, 2008. The evaluation was prepared by Paddock Lindstrom & Associates Ltd. ("PLA") using forecast prices and cost assumptions, in accordance with the reserves definitions, standards and procedures contained in the Canadian Oil and Gas Evaluation Handbook and the results are presented in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") (the "2008 PLA Report").

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Suncor Energy and Petro-Canada Join Forces to Create the Premier Canadian Energy Company

The combination of Suncor Energy and Petro-Canada creates a globally-competitive, Canadian-based integrated energy company with a balanced portfolio of high quality assets, a strong balance sheet and significant growth prospects.

All dollar figures in this news release are Canadian unless otherwise noted. This document makes reference to barrels of oil equivalent (boe). A boe conversion ratio of six thousand cubic feet of natural gas: one barrel of crude oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Accordingly, boe measures may be misleading, particularly if used in isolation.

Read more: Suncor Energy Inc ( SU )

Stealth Increases Reserves by 71% on Alberta Shale Gas Play

Stealth Ventures Ltd. ("Stealth" or the "Company") in accordance with disclosure requirements prescribed by National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") is pleased to announce the results of its 2008 independent reserve evaluation report by Sproule Associates Limited (Sproule).

Highlights
- Moved the Cretaceous Colorado from an Exploration play to a Development play in 2008.
- Total Proved Plus Probable reserves (TP+P) increase of 71% in 2008 from 2007.

Read more: Stealth Ventures Ltd ( SLV )

Ivanhoe Energy's estimated oil sands resource increased by 81% at Tamarack Project in Alberta

--New independent estimates of 441 million barrels of recoverable oil would support a 50,000 barrel-per-day HTL (heavy-to-light) project

Robert Friedland, Executive Chairman, President and Chief Executive Officer, and Ed Veith, Executive Vice President, Upstream, of Ivanhoe Energy Inc. (TSX: IE; NASDAQ: IVAN), announced today that a recently completed evaluation by independent engineers has estimated that Ivanhoe Energy's Tamarack Project, in the Athabasca region of Western Canada, contains best-estimate contingent resources of 441 million barrels of bitumen. This represents an increase of 81% over the best estimate announced in conjunction with the purchase of this asset in mid-2008. The new estimate would support a project with an estimated capacity of approximately 50,000 barrels per day for more than 30 years.

Read more: Ivanhoe Energy Inc ( IE / IVAN )

Ivanhoe Energy 2008 fourth-quarter results and update on operations

--HTL heavy oil focus established in 2008: Tamarack in Canada and Pungarayacu in Ecuador --
Discussions and due diligence under way with potential strategic partners

Ivanhoe Energy Inc. (NASDAQ: IVAN and TSX: IE) announces summary financial results for the fourth quarter of 2008 and will file its Annual Report on Form 10-K for the year ended December 31, 2008 later today.

Highlights - Revenues in 2008 of $69.2 million were up over 100% from 2007, and cash flow from operations in 2008 of $17.1 million increased over 200% from 2007 levels.

Read more: Ivanhoe Energy Inc ( IE / IVAN )
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