Whittier Energy Confirms Discussions With Sterling Energy plc Regarding Possible Acquisition

  
    
  
  
    
      Whittier Energy Corporation (NASDAQ:WHIT) confirmed today that it is 
      engaged in discussions with Sterling Energy plc (LSE:SEY.L) regarding a 
      potential acquisition of the Company by Sterling.
    
    
      The Company said that there can be no assurance that these discussions 
      will result in any transaction. The Company said that it does not intend 
      to comment or provide updates on the discussions until they are 
      concluded.
    
    
      Whittier Energy Corporation is an independent oil and gas exploration 
      and production company headquartered in Houston, Texas, with operations 
      in Texas, Louisiana and Mississippi. Whittier Energy also holds 
      non-operated interests in fields located in the Gulf Coast, Oklahoma, 
      Wyoming and California. To find out more about Whittier Energy 
      Corporation (NASDAQ:WHIT), visit www.whittierenergy.com.
    
    
      Forward-Looking Statements
    
    
      This news release includes projections and other "forward-looking 
      statements" within the meaning of the Private Securities Litigation Act 
      of 1995. These statements reflect Whittier's current views about future 
      events and performance. No assurances can be given that these events or 
      performance will occur as projected and actual results may differ 
      materially from those projected. The forward-looking statements in this 
      press release are made only as of the date hereof, and Whittier 
      undertakes no obligation to update such forward-looking statements.