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PNI Petroreal Energy (Tier2)

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Share Name Share Symbol Market Type
Petroreal Energy (Tier2) TSXV:PNI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

PetroReal Energy Inc. Provides First Default Status Report

14/05/2009 4:53pm

Marketwired Canada


PetroReal Energy Inc. (TSX VENTURE:PNI) ("PetroReal" or the "Corporation")
provides its first bi-weekly Default Status Report as per National Policy 12-203
- Cease Trade Orders for Continuous Disclosure Defaults. Since the previous
announcement issued April 30, 2009, the Corporation reports that no material
changes have occurred. PetroReal continues to work with its auditors to complete
the audit of the Corporation's financial statements for the year ended December
31, 2008 as soon as possible. The Corporation intends to issue the next default
status report on May 28, 2009 if the year end regulatory documents are not filed
before this date. Until its financial disclosure is filed, the Corporation
intends to continue to satisfy the Alternative Information Guidelines by issuing
bi-weekly Default Status Reports, each of which will be issued in the form of a
press release and also filed on SEDAR.


About PetroReal: PetroReal Energy Inc. is a Calgary, Alberta, Canada based
emerging, TSX Venture Exchange listed company focused on the 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 in Canada and Louisiana in the United States.


Forward-looking Statements: This press release contains forward-looking
statements. The words or phrases "would be," "will" "intends to," "will likely
result," "are expected to," "will continue," "is anticipated," "estimate," or
similar expressions are intended to identify "forward-looking statements". The
Corporation's business is subject to various other risks and uncertainties,
which may be described in its corporate filings (www.sec.gov and www.sedar.com).
Statements made herein are as of the date of this press release and should not
be relied upon as of any subsequent date. The Corporation cautions readers not
to place reliance on such statements. PetroReal undertakes no obligation to
update or publicly revise forward looking statements or information unless so
required by applicable securities laws.


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