Stratic Energy Corporation - Successful Drilling of the West Breagh Horizontal Well (42/13-5z) in the UK North Sea

Stratic Energy Corporation (TSX Venture: 'SE', AIM: 'SE') ("Stratic" or the "Company") is pleased to announce the successful drilling of the 42/13-5 and 5z wells on block 42/13 in the United Kingdom North Sea.

The 42/13-5 well was drilled from the same top hole location as the 42/13-3 well drilled during 2007 and targeted the sand sequence seen in the 42/13-3 well. The 42/13-5 pilot hole well encountered 165 feet of sand (approximately 55 feet vertical thickness) consistent with expectations and reached a total depth of 8892 feet. The 42/13-5 pilot hole was cemented back above the reservoir and the 42/13-5z horizontal well was then drilled for a distance of approximately 2500 feet measured depth.

Published: 06 January 2009
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Petrominerales Resumes Operations at Orito and Las Aguilas

Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG), a 76.4% owned subsidiary of Petrobank Energy and Resources Ltd. ("Petrobank") (TSX:PBG), is pleased to announce that the strike affecting our production and drilling operations at the Orito field and operations at our Las Aguilas exploration block has been lifted. Ecopetrol, the Orito field operator, has commenced the process of reactivating production from the field. It is expected that Orito production will ramp back up over the next week. We are also mobilizing personnel to the area and plan to recommence drilling and workover operations within the next few days.

Published: 06 January 2009
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Canada Energy Partners Announces Commencement of Gas Sales From the First Commercial Coalbed Methane Project in British Columbia

Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce the commencement of gas sales from eight wells on its 50,788-acre Peace River Coalbed Methane ("CBM") Project (the "Project"). Canada Energy owns a 50 per cent working interest in the Project and GeoMet, Inc. (NASDAQ:GMET) through its wholly-owned subsidiary Hudson's Hope Gas, Ltd., owns the other 50 per cent and is the Operator. This significant achievement is the first commercial CBM project in British Columbia and is a result of eight years and more than $45 million cash invested by the Company and its partners into acquisition of lands, exploration and development.

Published: 05 January 2009
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Probe Resources Announces Gas Discovery at South Timbalier 214

Probe Resources Ltd. (TSX VENTURE: PBR) (the "Company" or "Probe") is pleased to announce that commercial gas reserves have been discovered in the Probe operated South Timbalier 214 A-6 Sidetrack #1 well located in the U.S. Gulf of Mexico. The well has reached total contract depth of 15,825' Measured Depth ("MD") and 14,751' True Vertical Depth ("TVD"). The Company encountered its primary objective in the Buliminella 1 formation, logging 88' feet of TVD net pay which exceeded the Company's expectations. The anticipated gross production rate from this formation is 25 - 35 MMcfd based on similar well performance in the area. Probe holds a 100% working interest ("WI") and a 70% net revenue interest ("NRI") in the well.

Published: 05 January 2009
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BPZ Energy Reaches Total Depth on CX11-15D Well in the Corvina Field

BPZ Resources, Inc. (NYSE Alternext US: BPZ) today announced the Company recently reached total depth on the CX11-15D well in the Corvina field located in the offshore Block Z-1 in northwest Peru. The well was drilled to approximately 6,459 feet vertical depth and 9,385 feet measured depth. Notably, the 15D well was drilled, logged, cased, and cemented one month ahead of schedule. This well targeted the up dip field area farther away from the CX-11 platform where the already Proven oil sands and gas sands are expected to further extend. The Company will conduct a series of drill stem tests (DST) in the prospective oil and gas sands in order to appraise the field in this up dip area.

Published: 05 January 2009
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