Cheetah Oil & Gas Ltd.
OTC Bulletin Board : COGL

Cheetah Oil & Gas Ltd.

April 12, 2006 00:01 ET

Cheetah Oil & Gas Ltd. Presenter at the IPAA Oil & Gas Investment Symposium in New York

CALGARY, ALBERTA--(CCNMatthews - April 12, 2006) - Cheetah Oil & Gas Ltd. (OTCBB:COGL) -

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On Wednesday, April 12th, Cheetah Oil & Gas Ltd. (the "Company") will be presenting at the IPAA Oil & Gas Investment Symposium that started Monday, April 10th in New York.

Chief Executive Officer and Chairman of the Board of Directors, Garth Braun, will present the Company at the symposium to offer new investment insight and opportunities to the industrial sector. The presentation will include the most recent operation developments in Papua New Guinea (PNG) and some insight into the future of the Company.

Interested parties may listen to a live web cast of the presentation beginning at 4:10 p.m. EST on April 12th on Cheetah's web site at and at with a replay following. The power point presentation will be available for viewing on the company's web site beginning at 7:30 a.m. EST on Monday, April 10.

About Cheetah Oil & Gas Ltd.

Cheetah Oil & Gas Ltd is an aggressive energy exploration company focused on the rapidly increasing energy needs of South East Asia. The company currently has a very strong license position in PNG, totaling 8,358,866 acres across 5 Petroleum Retention License and one Petroleum Retention License.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the potential re-entry of the Kuru #2 well, any re-completion of the Kuru #2 well, any subsequent testing of the Kuru #2 well, and if the re-entry is commenced, the length of time it will take to complete the operation.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with oil and gas exploration, particularly in Papua New Guinea; changes in reserve estimates if any; the potential productivity of our properties; changes in the operating costs and changes in economic conditions and conditions in oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other current reports filed from time-to-time with the Securities and Exchange Commission.

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