Sky Petroleum Sets Up Shop in Albania

Sky Petroleum announced the establishment of its office in Albania. Located in the Sky Tower, Tirana, Albania, the office will focus on the development of the Production Sharing Contract (PSC) with respect to the three exploration blocks, Four, Five and Dumre, previously announced on June 24, 2010.

"We are delighted to be opening our office in Tirana, as a first step in establishing operations for our project in Albania," stated Karim Jobanputra, Sky Petroleum's chief executive officer. "As we move forward on the many issues related to the exploration blocks, we expect to announce additional operational developments in the near future."