First Calgary Petroleums Ltd. announces proposed closing date

First Calgary Petroleums Ltd. (TSX: FCP, AIM: FPL) (First Calgary or the Company) is pleased to announce that First Calgary, Eni Canada Holding Ltd. and Eni S.p.A. have agreed to complete the previously announced plan of arrangement involving First Calgary, Eni Canada Holding Ltd., Eni S.p.A. and securityholders of First Calgary on or before November 21, 2008 subject to the satisfaction of customary closing conditions. It is expected that the transaction will be completed on November 21, 2008.

The Company intends to apply for suspension of its common shares from trading on AIM in conjunction with the closing of the plan of arrangement, and intends to cancel the admission of its common shares on AIM as soon as possible thereafter. It is expected that the common shares will be concurrently delisted from the TSX.

Flint announces new construction contract for StatoilHydro's Leismere Oilsands Project

Flint Energy Services Ltd. (Flint, the Company) announced today the Company has been awarded a $50 million (Canadian dollar) construction contract by StatoilHydro Canada Limited, the Canadian business unit of StatoilHydro, for work on the Leismer Oilsands Demonstration Project located near Fort MacMurray, Alberta.

The contract will involve the site construction of the central plant's mechanical components for the new SAGD (Steam Assisted Gravity Drainage) facilities.

StatoilHydro's Leismer Oilsands Demonstration Project is a grass roots SAGD facility near Conklin, Alberta designed to extract bitumen from oil sands. The facility is located approximately 160 km south of Fort McMurray, Alberta.

Niko Obtains Additional Offshore Exploration Acreage in Indonesia

Niko Resources Ltd. (TSX:NKO) is pleased to announce that they have acquired a new exploration block in offshore southeast Sulawesi, Indonesia. The block covers almost 5,000 square kilometres and Niko will have a 25% non-operated working interest. The block was recently awarded to Marathon and its partners and Niko will earn a 25% equity from an affiliate of Black Gold Energy "Black Gold". Similar to the previous four blocks Niko has acquired in Indonesia, this prime acreage is located primarily in deep water and was selected from extensive geologic and geophysical evaluations covering one million square kilometres. The acquisition of this block is a continuation of Niko's strategy to establish Niko as a leading company in the exploration of the largely unexplored deep water areas offshore Indonesia.

Genoil Inc. Provides Update on HYT Project Status

Genoil Inc. (CDNX:GNO.V ) (OTC BB:GNOLF.OB) is providing an update on ongoing marketing and financing efforts on Genoil's heavy oil and refinery residue upgrading project with Haiyitong Inc. ("HYT") in China.

Genoil continues to work towards the development and financing of its heavy oil and refinery residue upgrading project with HYT. Genoil had previously press released that based on its internal analysis this project should provide a significant operating profit to the joint venture once the plant is operating. This rate of return has actually increased despite the lower oil price because the joint venture pays for its heavy crude and residue based on market price, but the sale price of products is fixed. These sale prices have not been reduced by Chinese authorities. There is no guarantee that sale prices will remain at this level, but at this time the project is more profitable than when crude prices were higher.