Sky Petroleum Reports 30,922 Barrels During 2008 First Quarter

Sky Petroleum, Inc., an oil and gas company, reported that during the first quarter ending March 31, 2008 Mubarek production from the H2 and K2- ST 4 wells was 30,922 barrels of oil. The Mubarek H2 well produced 9,144 barrels of oil or 101 bopd and the Mubarek K2-ST4 well produced 21,778 barrels of oil or 243 bopd during the first quarter of 2008.

The performance of the H2 and K2-ST4 wells were both reasonably stable for the first quarter of 2008 and the K2-ST4 well decline appears to have normalized.