Longford Energy Inc.

Longford Energy Inc.

March 15, 2010 08:53 ET

Longford Energy Inc.-Provides Update on Kurdistan Activities and Appointment as Operator of Chia Surkh Block

 CALGARY, ALBERTA --(Marketwire - March 15, 2010) - Longford Energy Inc. ("Longford" or the "Company") (TSX VENTURE:LFD) is pleased to announce that it has been recently appointed as the Operator of the Chia Surkh Block and plans to commence seismic acquisition during the second quarter of 2010.

As previously announced, the Company acquired a participating interest in a PSC Contract in June 2009 for the Chia Surkh Block, which covers approximately 985 square kilometers, in the Sulaymaniyah Governorate of the Kurdistan Region of Iraq. The Block contains a historical discovery as well as multiple exploration prospects. An initial resource estimate was completed by DeGolyer and MacNaughton Canada Limited in September 2009 for the shallow Tertiary horizons of the discovered field. The independent assessment established a gross unrisked prospective resource with a "best estimate" of 132 million barrels of potential ultimate recoverable oil on the field as of September 1, 2009. In addition, the Company has identified up to five exploration prospects and leads that could provide significant opportunities to further discoveries and resource expansion.

Longford has completed the establishment and registration of its Kurdistan office in the city of Sulaymaniyah, and in preparation for the start of operations, a professional management team comprising of foreign staff personnel and local nationals have been put in place. A 300 km 2D seismic acquisition program has been prepared and approved. The seismic program has been designed to evaluate both the known Chia Surkh Field and up to four exploration prospects on the Block. The Chia Surkh Field will be evaluated for near term development potential and the exploration targets, defined by surface anticlines, will be further appraised for exploration drilling.

Currently a baseline Environmental Impact Assessment is being conducted, and various other surveys have been initiated. The seismic tendering process has been launched and the Company expects to award the seismic contract in April 2010.

Additionally, the Company is in the early planning stages to drill the first exploration well on the Chia Surkh Field during the fourth quarter of 2010.

About Longford Energy Inc.

Longford Energy Inc., is a junior Canadian oil and gas exploration and production company. Longford has acquired a significant interest in the Chia Surkh Block Production Sharing Contract in the Kurdistan Region – Iraq. The Block offers a field development opportunity and multiple exploration prospects.

Regulatory Statements

Statements in this release that are not historical facts are "forward-looking information" within the meaning of applicable securities law. Forward-looking information typically contain words such as "anticipate", "plan", "expect", "potential", or similar words suggesting future outcomes and include, without limitation, statements regarding the impact of management and board appointments; future performance of management and the board; the Company's operational plans; corporate strategy; and the availability of acquisition opportunities. There can be no assurance that such information will prove to be accurate; actual results and future events could differ materially from such information. Factors that could cause actual results to differ materially include, among others, commodity prices, third party risks, acquisition risks, risks inherent in the oil and gas industry, licensing risks, financing risks, regulatory risks and environmental concerns. Investors are cautioned not to place undue reliance on forward-looking information.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information