Palisades Petroleum Corporation
PINK SHEETS : PAPT

Palisades Petroleum Corporation

September 06, 2007 15:15 ET

Palisades Petroleum Corporation Is Approved for Trading on Third Segment of the Frankfurt Stock Exchange

RENO, NEVADA--(Marketwire - Sept. 6, 2007) - Palisades Petroleum Corporation (PINK SHEETS:PAPT) a growth-oriented junior resource company engaged in the exploration, development and production of oil and gas in Montana, North Dakota and South Dakota, Wyoming and Colorado announced today that it has been granted permission to trade its shares on the Third Market Segment of the Frankfurt Stock Exchange. The Frankfurt trading symbol is "3X2.F" and the German securities code: (WKN) is A0MV8B.

The Directors of Palisades Petroleum are very pleased to have been approved for trading on the Frankfurt Stock Exchange. The Frankfurt Exchange will make obtaining our shares less problematic for German and European potential stockholders and investors and will provide substantially improved liquidity in our common stock overall.

Additionally, we are striving to enhance our corporate visibility in Germany and expand our corporate image to a broader investor community in the EU. We believe that the Frankfurt Stock Exchange listing will assure that our compelling story will now reach a much larger European investor audience.

The Frankfurt Stock Exchange:

The FWB Frankfurter Wertpapierborse is the world's third largest organized Exchange-trading market in terms of turnover and dealings in securities. It accounts for more than 75 percent of the total securities turnover in Germany and is therefore the most important of the eight German stock exchanges. The public guarantor of the FWB is the Deutsche Borse AG whose duty it is to ensure the full viability of trading in securities. With the support of state-of-the-art computer-based trading, processing and information systems the Frankfurt Stock Exchange has been able to keep pace with the ever-increasing demands of the international stock market business. There is a full spectrum of computerized security trading available through Xetra® in addition to the traditional floor trading. Xetra® was established in November 1997 and has enabled the FWB to consolidate its existing competitive edge and create an attractive framework for international investors and market participants. The cosmopolitan atmosphere Frankfurt enjoys is demonstrated in the membership structure of the stock market where more than 70 foreign banks and financial service companies are counted among the total of more than 330 members.

Corporate Strategy:

Palisades Petroleum Corporations management team and its industry analysts continue to evaluate a number of advanced exploration and development oil and gas properties located in the Rocky Mountain region of the USA. At present it is working with its partners to improve the production of a gas well that was drilled successfully in Chouteau County, Montana, USA. This discovery well showed an initial production rate of 283,000 cubic feet of natural gas. It off set an Exxon Company, USA (www.exxonmobil.com) well drilled and tested in 1989 at 802 MCFG/D (Eight Hundred and Two Thousand Cubic Feet of Gas per day). As soon as the improvements are completed the company plans to drill two additional permitted gas wells off setting this first well.

Further information on the progress of the Company's activities will be presented on a timely basis.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and seismic reports; the ability to close the acquisition of Oil and Gas exploration properties, 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 Palisades Petroleum Corporation filings with the Pink Sheets LLC and may be accessed at http://www.pinksheets.com.

Contact Information