Precision Petroleum Taps Ramsey Engineering for Montana Project

In a news release dated February 27, 2009, Precision Petroleum Corporation announced the conclusion of an agreement to explore 10 leases in the State of Montana. In order to proceed with this program, Precision has engaged Ramsey Engineering, a petroleum engineering firm in Oklahoma City to initiate an engineering survey to identify and advice on a possible seismic project and to further advice on the optimal drilling locations. Ramsey will access various well data from surrounding fields to supplement their study. We expect that the survey will be completed within 60 days.

Richard Porterfield, Petroleum Geologist and President of Precision advise the importance of the survey which will enable the company to proceed with minimum risk and to focus on the pre-eminent structures identified by the Ramsey study.