PetroWorld Seeking Shareholder Approval for NuCoastal Acquisition

PetroWorld Corp will hold an extraordinary and annual general meeting of shareholders on August 30, 2006 to request shareholder approval of the acquisition of NuCoastal (Thailand) Limited. The company is also seeking approval to acquire PH Gas LP's interest in APICO LLC and to change the company's name to Coastal Energy Company. The name change would be effective upon completion of the NuCoastal acquisition.