LNG Energy Ltd.
TSX VENTURE : LNG

LNG Energy Ltd.

June 29, 2009 14:39 ET

LNG Energy Option to Participate in Shale Gas Exploration Project in Poland

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2009) -

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LNG Energy Ltd. ("LNG") (TSX VENTURE:LNG) is pleased to provide an update on its option to participate for up to a 12% net interest in a new exploration project with BNK Petroleum Inc. ("BKX") in Poland. LNG acquired its option through its 60% ownership of a private company, ("Privateco") which has an option to participate for up to a 20% interest at BKX's proportional cost.

BKX has announced that its Polish subsidiary, Saponis Investments Sp. z o.o., has been awarded three oil and gas exploration concessions in Poland by the Ministry of Environment. The three concessions, Starogard, Slupsk and Slawno, are located in Northern Poland and total about 720,000 acres. BNK has an 80% working interest in each concession, assuming a previously granted right to participate is exercised by Privateco.

BNK believes that the preliminary data it has analyzed, indicates that the makeup of some of the shales within its Polish Concessions, are silica rich and appear to have thermal maturities and total organic carbon in a range that could make them successful shale gas projects. Over the coming months, BNK intends to do further work by analyzing cores from previously drilled wells to determine the first well location. BNK intends to drill its first well in 2010. Each concession requires the spudding of a well within 18 months of the concession award date. BNK is entertaining partnerships for the exploration phase of this project.

LNG ENERGY LTD.

Dave Afseth, President & CEO

This news release may contain forward-looking statements based on assumptions and judgments of management of LNG regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. LNG disclaims any intention or obligation to revise or update such statements except as may be required by law.

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