SOURCE: Friendly Energy Exploration

November 17, 2009 09:45 ET

Friendly Energy Achieves Operator Status

CARSON CITY, NV--(Marketwire - November 17, 2009) - Friendly Energy Exploration. (PINKSHEETS: FEGR) The Company announces today that it has completed the final requirements to acquire its operator's license and has passed the final site inspection for the Panther Creek Prospect.

"The completion of this final inspection and the receiving of Operator Status is just another milestone of achievement of the Friendly Energy Corp business plan," states Company President, Douglas Tallant. "The company anticipates that it will be making its first oil sales within the next week. Upon completion of the first oil sales the company will begin establishing flow rates for the newly reworked wells on a one by one basis. The company continues to move closer every day to meeting its target production levels of 300 barrels of oil per day for the near future."

The company continues to actively search for additional, existing, production to acquire in addition to any proven, low risk, infield drilling opportunities for both oil and gas.

Friendly Energy is committed to the exploration and development of its prospects to take advantage of the current market pricing in the price of oil and gas by developing undeveloped reserves with little downside risk.

Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.

This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Exploration. ("FEGR") reasonably expects to occur in the future. Expectations for the future performance of the business of FEGR are dependent upon a number of factors, and there can be no assurance that FEGR will achieve the results as contemplated herein and there can be no assurance that FEGR will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FEGR disclaims any obligation to update any forward-looking statement made herein.

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