Texalta Petroleum Ltd.

Texalta Petroleum Ltd.

October 02, 2009 18:55 ET

Texalta Petroleum Ltd.: Annual Reserves Filing

CALGARY, ALBERTA--(Marketwire - Oct. 2, 2009) - Texalta Petroleum Ltd. ("Texalta") (TSX VENTURE:TEX.A) is pleased to announce that it has filed with Canadian securities regulatory authorities the Corporation's reserves data and other oil and gas information as at the year ended June 30, 2009 required under National Instrument 51-101. These filings are available for review at www.sedar.com.

TEX.A is a Calgary based company engaged in the exploration, acquisition and development of prospective oil & gas properties in Saskatchewan and Alberta, Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds 82 percent working interest in two exploration permits covering in excess of 5.5 million acres of prospective land in the Georgina Basin, Northern Territory, Australia.

Note: BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Production volumes will fluctuate from month to month. The volume given is as of the date of this release only.

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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