Petra Petroleum Inc.: Appointment of New Chief Financial Officer

Petra Petroleum Inc. (TSX VENTURE:PTL) (the "Corporation") is pleased to
announce the appointment of Andrew Boetius as Chief Financial Officer of the
Corporation to replace John Downes who will now take up the role of Manager,
Finance and Accounting. Bob Lambert, CEO, commented, "Andrew and John's
appointments are part of a long-planned re-alignment of responsibilities to
reflect the growing implementation of our Mediterranean Rim exploration
strategy, which is managed by our London-based team. We thank John for his
contributions as Chief Financial Officer to the Corporation over the past year
and we are delighted to retain his valuable skills and continuity in our
organisation in the management of our financial and accounting function in
Vancouver." Mr. Boetius was previously Director, Finance & Administration since
joining the Corporation in September, 2011.


In connection with his appointment, Andy Boetius has been granted an option to
purchase up to a total of 100,000 common shares of the Corporation at the
exercise price of $0.43 each for a period of five years from the date of grant.