ERCB Gives PetroReal the Go-Ahead to Develop Assets

PetroReal Energy has come into compliance with the ERCB and has completed the requirements under EUB Directive 067, schedule 1. Additionally, Kodiak Petroleum ULC was approved by the ERCB to act as the Residency Agent for the Company.

Ernst Schlotter President and CEO said, "We're very pleased that we have addressed all outstanding compliance issues for our non-producing assets, and we now have the regulatory approvals to develop these assets."