Twoco Petroleums Ltd. Announces Increased Oil Production

Twoco Petroleums Ltd. ("Twoco" or the "Company") (TSX VENTURE:TWO) is pleased to
announce that it has placed on production its previously announced 1 gross (0.97
net) quad-leg horizontal oil well on the Company's Sparky heavy oil property in
the Warspite area of Alberta.


Based on the initial 30 days of production, the Twoco HZ Bellis 14-36-58-17W4
well was pumping at an average rate of 175 barrels of oil per day. This well is
the fifth horizontal oil well drilled on the Company's Sparky heavy oil property
and represents a continuation of the Company's plan to strategically diversify
its commodity mix by targeting exploration towards oil prospects it has
identified on its existing lands. The first two wells on the Sparky heavy oil
property were single leg horizontal wells that were placed on production in
December 2010. The third and fourth wells were tri-leg horizontal wells that
were placed on production in August 2011.


Twoco's total current oil production from the Company's Sparky heavy oil
property is now estimated at 325 barrels of oil per day. 


Twoco currently controls 3,267 net prospective acres on its Sparky heavy oil
property. As previously announced, Twoco received approval from the ERCB which
amended the drilling spacing on the Company's Sparky heavy oil property to allow
for the drilling of up to 8 horizontal lateral legs per pool per quarter
section. In view of the results of the latest well, it is Twoco's intention to
further amend the drilling spacing to allow for the drilling of quad-leg
horizontal oil wells on all of Twoco's lands within the Company's Sparky heavy
oil property. Based on the same drilling configuration as the Twoco HZ Bellis
14-36-58-17W4 well, Twoco has identified drilling locations for up to an
additional 52 quad-leg horizontal wells (208 laterals) on the Company's Sparky
heavy oil property. 


The average cost per well of drilling, completing and equipping quad-leg
horizontal oil wells in a multi-well program is estimated at $1,250,000. 


Twoco is an oil and gas company engaged in the exploration for, and the
acquisition, development and production of, oil and natural gas reserves
primarily in the Province of Alberta. Twoco has 72,167,294 common shares issued
and outstanding as at today's date. 


Forward-Looking Statements:

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), including statements
regarding the number of potential quad-leg horizontal oil wells, the estimated
cost per oil well, plans to strategically diversify the Company's commodity mix,
amendment of drilling spacing, potential drilling locations and the area of the
heavy oil pool. By their nature, forward-looking statements are subject to
numerous risks and uncertainties, some of which are beyond Twoco's control,
including the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, imprecision of reserve
estimates, environmental risks, operational risks in exploration and
development, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
the ability to access sufficient capital from internal and external sources.
Although Twoco believes that the expectations in our forward-looking statements
are reasonable, our forward-looking statements have been based on factors and
assumptions concerning future events which may prove to be inaccurate. Those
factors and assumptions are based upon currently available information. Such
statements are subject to known and unknown risks, uncertainties and other
factors that could influence actual results or events and cause actual results
or events to differ materially from those stated, anticipated or implied in the
forward looking information. As such, readers are cautioned not to place undue
reliance on the forward looking information, as no assurance can be provided as
to future results, levels of activity or achievements. The risks, uncertainties,
material assumptions and other factors that could affect actual results are
discussed in our Annual Information Form and other documents available at
www.sedar.com. Furthermore, the forward-looking statements contained in this
document are made as of the date of this document and, except as required by
applicable law, Twoco does not undertake any obligation to publicly update or to
revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this cautionary statement.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy securities in any jurisdiction.