Petro Resources Corporation Establishes Gulf of Mexico Presence

Petro Resources Corporation has committed $8.0 million to Hall-Houston Exploration II, L.P. HHE II will be invested primarily in oil and gas exploration and development in the Gulf of Mexico.

The Company anticipates that the total $8.0 million capital commitment will be made periodically over the next two to three years as called by HHE II.

Petro Resources Corporation is an independent exploration and production company focused on domestic lease acquisitions, exploration, and oil and gas production.