Pearl Exploration and Production Ltd.
TSX VENTURE : PXX

Pearl Exploration and Production Ltd.

December 24, 2007 16:00 ET

Pearl Exploration and Production Ltd.: Corporate Update

CALGARY, ALBERTA--(Marketwire - Dec. 24, 2007) - Pearl Exploration and Production Ltd. ("Pearl" or the "Company") (TSX VENTURE:PXX)(FIRST NORTH:PXXS) reports that it has granted an aggregate of 1,213,500 incentive stock options to certain directors and officers of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of Cdn $2.53 per share.

Pearl Exploration and Production Ltd. is a public company focused on growing our reserve base from our existing portfolio of large resource heavy oil projects in North American and profitability. Additional information on Pearl is available on our website at www.pearleandp.com.

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

Contact Information

  • Pearl Exploration and Production Ltd.
    Keith Hill
    President and Chief Executive Officer
    (604) 689-7842
    Email: khill@namdo.com
    or
    Pearl Exploration and Production Ltd.
    Randy Neely
    Chief Financial Officer
    (403) 716-4054
    Email: randy.neely@pxx.ca
    or
    Pearl Exploration and Production Ltd.
    Sophia Shane
    Corporate Development
    (604) 806-3575
    Email: sophias@namdo.com
    Website: www.pearleandp.com