Petrolifera Petroleum spuds La Pinta well on Sierra Nevada Concession in Colombia; provides Operational Update

Petrolifera Petroleum Limited (PDP - TSX)  announced today that on Friday, January 23, 2009 the company spudded its La Pinta 1 well on its 100 percent-owned Sierra Nevada Concession in the Lower Magdalena Basin onshore Colombia. The well is now drilling ahead and is expected to require approximately 45 days to reach the projected total depth of approximately 13,000 feet.

The La Pinta 1 well is located approximately 600 meters from the Guamito-1 well, which was drilled by a major oil company in 1975; this well tested very light gravity 46.7 degree crude oil but was not extensively production tested at the time due to lack of facilities and infrastructure and was later suspended. A subsequent testing effort in 1983 by another operator was unsuccessful due to casing problems and Guamito-1 was abandoned.

Published: 26 January 2009
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TransGlobe Energy Corporation Provides Update on West Gharib Operations

TransGlobe Energy Corporation ("TransGlobe" or the "Company") (TSX: TGL) (NASDAQ: TGA) is pleased to provide an update on recent drilling activities on its Hana West field (100 percent working interest) at West Gharib in the Arab Republic of Egypt:

Hana West Field
- Hana West #2, the first appraisal well drilled on the new Hana West discovery, has been completed as an oil well in the Asl B zone. The well was placed on production at an initial rate of 1,800 barrels of oil per day ("Bopd") of 27.5 degrees API oil, using a rented high-volume jet pump. Should the jet pump in place at Hana West #2 continue to perform well, the sucker rod pump on Hana #18 could be replaced with a jet pump to obtain a higher production rate. Hana #18 is currently producing at a pump restricted rate of 660 Bopd from the Asl A formation.

Published: 26 January 2009
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Gold Star Acquires West African Oil and Gas Concessions

Gold Star Resources Corp. (the "Company") (TSX-V: GXX) is pleased to announce the signing of an Agreement (the "Agreement") to acquire 90% of the issued and outstanding share capital of International Resource Strategies Liberia Energy, Inc. ("IRSLE"), a private company based in Monrovia, Liberia.

IRSLE is the holder of Hydrocarbon Reconnaissance License No. NR-001 issued by the National Oil Company of Liberia ("NOCAL"). The License grants exclusive rights to conduct exploration for oil, gas and any other hydrocarbon in an area of 1,366.37 square kilometers within the Roberts and Bassa Basins of south coastal Liberia.

Published: 21 January 2009
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Verenex confirms oil and gas discovery in Libya at H1-47/02 well

Verenex Energy Inc. ("Verenex" or the "Company") (TSX - VNX) is pleased to provide an update of its operations in Libya and to confirm an oil and gas discovery at the H1-47/02 new field wildcat ("NFW") exploration well in Area 47 in the Ghadames Basin. The H1 discovery is the Company's tenth oil and gas discovery in Area 47 since drilling began in September 2006. The Libyan National Oil Corporation ("NOC") has also announced this discovery.

The Company also advises that since the last operational update on November 12, 2008, the I1-47/02 NFW exploration well (well No. 16) was successfully tested, the J1-47/02 NFW exploration well (well No. 17) was drilled and cased and is preparing to test, the K1-47/02 NFW exploration well (well No. 18) was drilled and is currently being cased and the L1-47/02 NFW exploration well (well No. 19) was spudded on January 2, 2009 and is currently drilling.

Published: 12 January 2009
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Contact Exploration Inc.: Stoney Creek N-78 Well Tests at 200 Barrels of Oil Per Day

Contact Exploration Inc. ("Contact") (TSX VENTURE:CEX) is pleased to announce initial production test results from the Stoney Creek N-78-2328 well. This vertical well, which was drilled and fractured in late 2008, has tested at a rate of 200 barrels of crude oil per day.

The Contact Stoney Creek N-78-2328 well, spudded on November 23, 2008 in Contact's 100% working interest Stoney Creek field, was drilled through the Hiram Brook, Frederick's Brook and Dawson Settlement formations, reaching a total depth of 1115 metres on November 29th, 2008. On December 9th and 10th, 2008, fracturing operations were carried out on two zones in the Dawson Settlement formation and swab testing utilizing a service rig commenced thereafter. The well was placed on restricted production on December 22nd 2008, which is 30 days from when drilling commenced.

Published: 07 January 2009
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