Carrizo Oil & Gas, Inc. and Avista Capital Partners Announce Formation of Joint Venture in Marcellus Shale

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) and Avista Capital Partners ("Avista") announced today that they have entered into a joint venture to pursue growth opportunities in the Marcellus Shale. Under the terms of the agreement, Carrizo and Avista have each committed to contribute up to $150 million in cash and properties to acquire and develop acreage in the Marcellus Shale play, including the dedication of all of their respective current Marcellus leasehold. The joint venture controls approximately 155,000 net acres in the play.

Carrizo will serve as operator of the joint venture properties and will provide all geotechnical, land and accounting support. Avista has agreed to fund 100% of the joint venture's next approximately $71.5 million of expenditures currently projected to be spent over the course of the next 8 to 12 months.

Running Fox Resources Nine Month Revenues Grow To $4.978 Million

Running Fox Resource Corp. (TSX-V: RUN) (PINKSHEETS: RFXRF) (FRANKFURT: C8Q) - Running Fox management reports the 2008 first nine months financial results, ending August 31, 2008.

For the nine period ended 31 Aug 2008, the Company's revenues were $4,978,617 and the Company's consolidated net earnings (EBITDA) were $265,483.

The revenues were generated primarily from oilfield services and secondly from natural gas and condensate production.

Consolidated Beacon Resources Ltd. Increases Stake in San Joaquin Oil Project

Consolidated Beacon Resources Ltd. ("Beacon" or "the Company") (TSXV:KBC) is pleased to announce that it has signed an agreement with Nomad Hydrocarbons LLC (Nomad) to increase Beacon's interest in the lands covered by the 31 square mile 3-D Seismic Survey in the San Joaquin Basin, California. Beacon will pay 100% of Nomads costs and receive 100% of Nomads revenues (12.5%) until Nomad pays Beacon for its share of the first 4 wells. When Beacon is reimbursed by Nomad, both Beacon and Nomad will receive 6.25% of all revenues (from the Project) from that day forward. (Currently these wells are nonproducing; these percentages will take effect only if these wells go into production).

Quest Energy Partners Declares Distribution for the Third Quarter of 2008

Quest Energy Partners, L.P. (NasdaqGM:QELP ) today announced a quarterly cash distribution for the third quarter of 2008 of $0.40 per unit for all of its common units outstanding. The distribution represents a $0.03 per unit, or approximately 7%, decrease over the distribution paid for the second quarter of 2008. The distribution will be payable on November 14, 2008 to common unitholders of record at the close of business on November 6, 2008. The partnership does not plan to pay a third quarter distribution on the subordinated units owned by Quest Resource Corporation (QRCP).