Cirrus Energy Corporation Announces Netherlands Operational Update

CALGARY, Oct. 14 /CNW/ -- 
CALGARY, Oct. 14 /CNW/ - Cirrus Energy Corporation (TSXV: CYR) announces
 the following operational update regarding ongoing activities in our
 wholly owned subsidiary, Cirrus Energy Nederland B.V. ("Cirrus") in The
 Netherlands.


Production from the M07-A field in The Netherlands remains shut-in due
 to the previously reported gas processing problems at the third party
 operated L09-FF processing platform. The operator of the L09-FF
 platform has advised that the problem is caused by the hydrate
 inhibitor regeneration system on L09-FF and had determined that the
 installation's Certificate of Fitness was no longer valid. This part of
 the gas process system is used by three satellite production platforms,
 one of which is the M07-A facility.


The operator of the L09-FF processing platform has determined what
 repairs and modifications are required to be able to reinstate
 production from the satellite platforms and advised that the current
 best estimate for recommencement of production operations is the week
 starting November 8, 2010. This timing is being updated weekly by the
 operator of the L09-FF processing platform and further information will
 be released as it becomes available.


Cirrus is evaluating options to modify the M07-A production platform
 which will remove the dependence of M07-A production on the L09-FF
 hydrate inhibitor regeneration system. It is estimated that the
 earliest date when this may be achieved is during the first quarter of
 2011 although a permanent solution may take longer to implement.
 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.


Cirrus expects gross production from the M07-A field of 30.5 MMscf/d
 (Cirrus net 13.0 MMscf/d) upon restart of the L09-FF processing
 platform.


Cirrus Energy Corporation is an international oil and gas company
 headquartered in Calgary and has approximately 92.0 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

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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 Canadabr//p pWebsite : a href="http://www.cirrusenergy.ca"www.cirrusenergy.ca/abr/ Telephone: [phone]br/ Facsimile:  [phone]/p

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