Petra Petroleum Inc.
TSX VENTURE : PTL

Petra Petroleum Inc.

December 01, 2008 13:23 ET

Petra Petroleum Inc.: News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2008) - Petra Petroleum Inc. ("Petra") (TSX VENTURE:PTL) announces that in accordance with Part 2 of Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, Petra has filed its reserves data and other oil and gas information for the year ended August 31, 2008. Copies may be obtained at www.sedar.com or by contacting Petra.

ON BEHALF OF PETRA PETROLEUM INC.

Eric Boehnke, Chief Executive Officer

Forward-Looking Statements:

Statements in this release that are forward-looking statements and are subject to various risks and uncertainties. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Petra Petroleum Inc. does not assume the obligation to update any forward-looking statement.

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