International PetroReal Oil Corporation

International PetroReal Oil Corporation

March 16, 2005 18:12 ET

International PetroReal Oil Corporation: Significant Gas Showing to Date-Hong Fah-B01 Near Completion


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL PETROREAL OIL CORPORATION

TSX VENTURE SYMBOL: IOC

MARCH 16, 2005 - 18:12 ET

International PetroReal Oil Corporation: Significant
Gas Showing to Date-Hong Fah-B01 Near Completion

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) -
International PetroReal Oil Corporation (TSX VENTURE:IOC)(the "Company")
is pleased to provide its shareholders with a progress report on the
drilling of the "Hong Fah-B01" well in which the Company is
participating with a 40%-interest.

The "135"-reservoir section was intersected and confirmed the drill
team's geological interpretation. In addition, the sand indicated a good
quality with a porosity of 14% together with significant gas-shows.
These gas shows are indicators of the presence of hydrocarbons and were
encountered over the entire section.

Yesterday the well reached a MD (Measured Depth) of, 2,511 meters (this
depth is equivalent to 2,099 meters TVD - True Vertical depth) at which
point it was determined that the drilling bit needed replacing before
Total Depth could be reached.

Drilling is now continuing ahead to reach and appraise the
"140"-reservoir which is the primary objective of this well.

Based in Vancouver, Canada, and with offices in New Orleans, Louisiana,
International PetroReal Oil Corporation is an oil and gas exploration
and production corporation with a primary focus of developing into a
premier upstream production company.

INTERNATIONAL PETROREAL OIL CORPORATION

Frank A. Jacobs, President & COO

This News Release may contain forward looking statements based on
assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of exploration and
other risk factors beyond its control and actual results may differ
materially from the expected results.

12g3-2(b) Exemption No.: 82-3206


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International PetroReal Oil Corporation
    Frank Jacobs
    President
    (604) 683-2220
    (604) 683-2286 (FAX)
    info@petroreal.com
    www.petroreal.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this News
    Release.