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PetroMagdalena Resumes Production at Cubiro Block

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PetroMagdalena Energy Corp. announced that production operations have resumed at its Cubiro Block located in the province of Casanare, with the blockade being lifted on the morning of Saturday May 5, 2012. As previously announced on April 24, 2012, public roads in the province of Casanare were being blocked and this led to a lack of public order in the area, impacting production from PetroMagdalena's Cubiro block. No employees or contractors of the Company were involved. Discussions between all four levels of government are focusing on delivering a long term solution for the local communities.

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