Cirrus Energy Corporation Announces Netherlands Operational Update and UK Licence Award

CALGARY, Nov. 8 /CNW/ -- 
CALGARY, Nov. 8 /CNW/ - Cirrus Energy Corporation (TSXV: CYR) is pleased
 to announce the following operational update regarding ongoing
 activities in our wholly owned subsidiary, Cirrus Energy Nederland B.V.
 ("Cirrus") in The Netherlands.


M07-A Field (Cirrus 42.75%, operator)


Production from the M07-A field in The Netherlands restarted on November
 5(th) following repairs to the hydrate inhibitor regeneration system on the
 third party operated L09-FF process platform. Gross production is
 currently stabilised at the contract maximum rate of 850,000 Nm3/day
 (31.7 MMscf/d) with Cirrus working interest production of 363,000
 Nm3/day (13.5 MMscf/d).


Engineering design of a permanent solution to the process problems
 arising on the L09-FF platform is well advanced although it is not
 expected that the required modifications to the M07-A platform can be
 cost effectively implemented until mid-2011. Changes to the gas process
 system will also require revising commercial terms with the operator of
 the L09-FF processing platform which have yet to be agreed.


L08-D Field (Cirrus 25.5%, operator)


Production from the L08-D continues on a "huff and puff' regime
 currently at a gross average rate of 86,900 Nm3/d (3.2 MMscf/d) with
 Cirrus working interest production of 22,100 Nm3/day (0.8 MMscf/d).


Block M4 (Cirrus 60%, operator)


Cirrus has been awarded an exploration licence for the M4 block
 effective September 20, 2010. This 408 km2 block contains an attractive
 Triassic prospect defined on good quality 3D seismic data plus several
 additional leads. The exploration licence is valid for four years with
 a drill or drop deadline of November 2, 2013.


Block T1 (Cirrus 47.5%, operator)


Following the end of the open application period, Cirrus has been
 advised that it will be awarded an exploration licence for the T1
 block. This 1.4 km2 block covers a significant proportion of the
 Q16-Alpha exploration prospect which is currently expected to be
 drilled during 2Q2011.


Cirrus Energy UK Limited


Cirrus' wholly owned subsidiary, Cirrus Energy UK Limited, has been
 advised that is has been awarded a Traditional Licence on the UK
 Continental Shelf in the 26th Licensing Round which covers blocks 22/1a
 and 22/2c in the Central North Sea. Cirrus will hold 30% equity and the
 Licence will be operated by MPX North Sea (40%) with partner Sorgenia
 E&P (UK) Limited (30%). The area of the two blocks together is
 approximately 213 km2. The Licence currently contains one well that
 recovered oil on test and three main prospects in the Jurassic Fulmar
 and Paleocene Forties sands. There are five other leads at Jurassic and
 Lower Cretaceous levels. The only firm commitment is seismic
 reprocessing, followed by a one-well drill or drop decision to be made
 within two years.


Cirrus Energy Corporation is an international oil and gas company
 headquartered in Calgary and has approximately 91.1 million fully
 diluted common shares outstanding.  Additional information about Cirrus
 and its business activities is available at www.cirrusenergy.ca and www.sedar.com.


Forward-Looking Statements


This press release may include forward-looking statements including
 opinions, assumptions, estimates and expectations of future production,
 cash flow and earnings. When used in this document, the words
 "anticipate", "believe", "estimate", "expect", "intent", "may",
 "project", "plan", "should" and similar expressions are intended to be
 among the statements that identify forward-looking statements.
 Forward-looking statements are subject to a wide range of risks and
 uncertainties, and although the Company believes that the expectations
 represented by such forward-looking statements are reasonable there can
 be no assurance that such expectations will be realized. Any number of
 important factors could cause actual results to differ materially from
 those in the forward-looking statements including, but not limited to,
 the volatility of oil and gas prices, the ability to implement
 corporate strategies, the state of domestic capital markets, the
 ability to obtain financing, changes in oil and gas acquisition and
 drilling programs, operating risks, production rates, reserve
 estimates, changes in general economic conditions and other factors
 more fully described from time to time in the reports and filings made
 by Cirrus with securities regulatory authorities.


The TSX Venture Exchange does not accept responsibility for the adequacy
 or accuracy of this release.

%SEDAR: 00021839E



pDavid Taylor, President and Chief Executive Officerbr/ Theo Bergers, Managing Director, Cirrus Energy Nederland B.V./p pCirrus Energy Corporationbr/ Suite 208, 5 Richard Way, S.W.br/ Calgary, Alberta  T3E 7M8 Canada/p pWebsite : a href="http://www.cirrusenergy.ca"www.cirrusenergy.ca/abr/ Telephone: [phone]br/ Facsimile:  [phone]/p

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