Reliable Energy Ltd.
TSX VENTURE : REL

Reliable Energy Ltd.

November 30, 2009 09:00 ET

Reliable Energy Ltd. Announces Drilling Update and Confirms Management Position

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2009) - Reliable Energy Ltd. (the "Company" or "Reliable") (TSX VENTURE:REL) is pleased to provide the following operational update.

The Company has recently completed its development drilling program having drilled four wells (gross), 3.9 wells net, into its South Kirkella Bakken oil pool. Of the four wells, one is completed, fracture stimulated and on production at 85 bbls per day (net) of oil. Two wells were perforated and placed on production and have each averaged 37 bbls per day (net) of oil with no produced water. Reliable intends to fracture stimulate these two wells in the near future to maximize their potential. The fourth well is currently undergoing fracture stimulation treatment and is expected to be on production in December. Current production from the wells in the pool is approximately 200 bbls per day (net) of oil with overall corporate production at approximately 220 boe per day (net).

The Exploration program previously announced by the Company is proceeding according to plan with four wells (gross), three wells (net), drilled to date and another four to six wells (gross), three to 4.5 wells (net), to be drilled before year-end.

In addition, the Company is nearing completion of its planned 2D seismic survey, the results of which are being used to select the exploration drilling locations. It is expected that a 3D seismic survey, planned for the South Kirkella pool will commence shortly and enable proper delineation of the the pool size.

Management Confirmation

The Board of Directors is please to announce that Murray Swanson, who had been named as Interim President and Chief Executive Officer in June of this year, has accepted the permanent position of President and CEO of Reliable.

About Reliable
Reliable is an Alberta based public company listed on the TSX Venture Exchange. The Company has two core areas in the Western Canadian Sedimentary Basin: The focus area consists of a Bakken oil play situated on the Saskatchewan – Manitoba border and has partnered with Crescent Point Energy Corp. to explore and develop the area. The second is a Nisku oil play in central Alberta.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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