PetroReal Energy Inc. Files Third Quarter Results

PetroReal Energy Inc. (TSX VENTURE:PNI) ("PetroReal" or "the Company") today
announces its financial and operating results for the three months and nine
months ended September 30, 2008. The unaudited financial statements, notes and
Management Discussion and Analysis for the period ended September 30, 2008 are
filed on Sedar at www.sedar.com.


Highlights of the financial results include petroleum and natural gas sales of
$1,671,181 and $472,536 for the nine months and three months ended September 30,
2008 respectively as compared to $752,990 and $415,814 for the same periods in
2007. Increased revenue is due primarily to production acquisitions in Alberta
as well as increased market prices of oil and gas. Increases in revenue were
evident although the Company's production for the Louisiana properties were
shutin for a month during the hurricane season. The Company incurred a net loss
of $602,404 and $524,293 for the nine months and three months ended September
30, 2008 respectively as compared to a net loss of $588,186 and net income of
$14,917 for the same periods in 2007. With the costs of the Annual and Special
Shareholders meeting being expensed in the third quarter of 2008, the Company
will be able to focus on lowering costs. Net capital expenditures were $90,715
for the nine months ended September 30, 2008.


About PetroReal Energy Inc.

The Corporation is a Calgary based, emerging, TSX Venture Exchange listed
company that is focused on exploration, development and production of crude oil
and natural gas, primarily in North America. The Company operations are located
in central and southern Alberta, southwestern Saskatchewan and Louisiana in the
USA.


Forward-Looking Statements

This news release contains statements about oil and gas production and operating
activities that may constitute "forward-looking statements" or "forward-looking
information" within the meaning of applicable securities legislation as they
involve the implied assessment that the resources described can be profitably
produced in the future, based on certain estimates and assumptions. Forward
looking statements are based on current expectations, estimates and projections
that involve a number of risks, uncertainties and other factors that could cause
actual results to differ materially from those anticipated by the Company and
described in the forward-looking statements. These risks, uncertainties and
other factors include, but are not limited to, adverse general economic
conditions, operating hazards, drilling risks, inherent uncertainties in
interpreting engineering and geologic data, competition, reduced availability of
drilling and other well services, fluctuations in oil and gas prices and prices
for drilling other well services, government regulation and foreign political
risks, fluctuations in the exchange rate between Canadian and US dollars and
other currencies, as well as other risks commonly associated with the
exploration and development of oil and gas properties. Additional information on
these and other factors, which could affect the Company's operations or
financial results, are included in the Company's reports on file with Canadian
securities regulatory authorities. We assume no obligation to update
forward-looking statements should circumstances or management's estimates or
opinions change unless otherwise required under securities law.