Petro Resources Makes Three Gulf of Mexico Discoveries

Petro Resources Corporation has successfully drilled three wells; each with multiple pays in the Gulf of Mexico.

East Cameron 359 (#A-12) and East Cameron 359 (#A-14) have been successfully drilled and are waiting on completion operations. A third discovery was drilled in Matagorda Island 562L (#1). That well has been completed and is awaiting pipeline connection. The three discoveries were made through the Company's partnership with Hall-Houston Exploration. The latest offshore discoveries bring the total successful prospects drilled to date by the Hall-Houston Exploration partnership to seven of the nine prospects drilled. Petro Resources has a 5.3% interest in the Hall-Houston Exploration partnership. Additional offshore drilling operations continue at East Cameron 359.

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