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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 Second Default Status Report and Notice of NI 51-101 Filings

29/05/2009 3:54pm

Marketwired Canada


PetroReal Energy Inc. (TSX VENTURE:PNI) ("PetroReal" or the "Corporation")
provides its second bi-weekly Default Status Report as per National Policy
12-203 - Cease Trade Orders for Continuous Disclosure Defaults. Since the first
default status report announcement issued May 14, 2009, the Corporation reports
that no material changes have occurred. The Corporation also reports the late
filing of its first quarter ended March 31, 2009 financial statements, due for
filing on May 31, 2009.


PetroReal continues to work with its auditors to complete the audit of the
Corporation's financial statements for the year ended December 31, 2008 and
first quarter ended March 31, 2009 as soon as possible. The Corporation intends
to issue the next default status report on June 11, 2009 if the 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 filed on SEDAR at
http://www.sedar.com.


The Corporation reports today's filings of its December 31, 2008 NI 51-101 F1,
F2 and F3 reserve reports and other oil and gas information on SEDAR at
http://www.sedar.com.


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 on SEDAR at
https://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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