PetroReal Energy Inc. Provides an Update to the Alberta and Louisiana Properties

PetroReal Energy Inc. (TSX VENTURE:PNI) ("PetroReal" or "the Company") provides
an update to the Alberta and Louisiana properties.


PetroReal was recently advised by the operator of the West Bay field located in
the Gulf of Mexico, offshore Louisiana, that they have commenced abandonment of
the well F,J.Timolat et al No. 1 under a compliance order issued by the State of
Louisiana. The Company has a 25% working interest in the West Bay field. The
other West Bay well continues to produce. The operator further advised PetroReal
that they will apply the joint venture production revenues for October, November
and part of December 2008 to the abandonment costs. Any balance owing after
abandonment costs of the well will be issued to PetroReal.


Status of the Company's Pembina well 12-7-49-6 W5M in Alberta - the surface
access negotiations with land owners was unsuccessful and the lease expired
effective January 9, 2009. PetroReal's other Alberta properties, namely, Buffalo
Lake, Crimson Lake, Doris and Long Coulee are active and producing.


PetroReal continues to evaluate its properties and opportunities to obtain best
value for the investor.


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.


For further information, visit the Company's website at www.petroreal.com.

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.