Power Oil & Gas Inc.
OTC Bulletin Board : PWOIF

September 04, 2009 16:51 ET

Power Oil & Gas Expands Bow Island Project With Acquisition

CALGARY, ALBERTA--(Marketwire - Sept. 4, 2009) - Power Oil & Gas ("Power") (OTCBB:PWOIF) is pleased to announce that it has acquired the petroleum and natural gas rights to an additional 4 leases in the area of the Bow Island field in southern Alberta. The leases cover more than 2,500 acres.

This acquisition significantly expands Power's Bow Island Project, which now covers more than 5,700 acres. The Bow Island Project is located in one of the most prolific natural gas regions of southern Alberta.

Power has a 100% interest in the project.

Power's natural gas project portfolio is focused in southern Alberta with an emphasis on unconventional prospects, covering several key producing regions. Western Canada is one of the most significant regions for unconventional natural gas in North America. The region is estimated to hold an in-place resource of up to 575 trillion cubic feet, of which as much as 15 tcf may be economically recoverable.

Power Oil & Gas is a junior petroleum exploration company with its head office located in Calgary Alberta. Power Oil & Gas is a trademark of Power Oil & Gas Inc.

This announcement contains forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, risks related to petroleum exploration, limited access to operating capital, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in our filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.

Contact Information

  • Power Oil & Gas
    Investor Relations
    (403) 261-3070 or Toll Free: 1-877-861-3070
    Website: www.poweroilinc.com