Pantera Petroleum, Inc.
OTC Bulletin Board : PTPE

Pantera Petroleum, Inc.

January 30, 2008 09:20 ET

Pantera Petroleum Announces Addition of Senior Oil Executive

AUSTIN, TEXAS--(Marketwire - Jan. 30, 2008) - Pantera Petroleum, Inc. (OTCBB:PTPE) is pleased to announce the addition of Miles Bender to its Board of Advisors.

About Miles Bender:

Mr. Bender has been involved in the energy business for twenty-four years, currently serving as the President, CEO, and Treasurer of Bridge Energy, Incorporated. Mr. Bender was a founder, President and CEO of National Energy Group, Inc. (NEG), which he took public and helped grow the Company to over $300 million in proven reserves, revenues of $54.7 million, and cash flow of over $30 million. NEG owned working interests in more than 1000 wells of which the Company operated over 90% with just under 100 employees. Mr. Bender identified, negotiated, completed, and integrated some 16 acquisitions for NEG, and has completed over 25 acquisitions during his career. He led NEG in completing a $120 million acquisition and raising $175 million in 1996, with an additional $65 million in 1997. During his career, he has raised over $350 million for various enterprises. NEG was sold in December 2006 for $1.8 billion.

From 1990 to 1991 Mr. Bender was President, CEO, Treasurer, and a Director of Big Piney Oil and Gas Company. Mr. Bender was President, CEO, Treasurer, and a Director of VP Oil, Inc. from 1986 until 1991. He was also President and a Director of Tierra Energy, Inc., from 1984 until 1990. All were predecessors of NEG.

Mr. Bender previously held positions as President of the Georgia Oil and Gas Association and as a Director and member of the Executive Committee of the Independent Petroleum Association of America (IPAA). He earned his Bachelors degree from the University of Buffalo.

"Miles's consistent track record in building several highly successful oil and gas companies is deserving of great praise and admiration, and we are very pleased that he has chosen to join our team," says Chris Metcalf, President and CEO of Pantera. "His acquisition and capital market experience will greatly benefit our Company and shareholders as we explore our concessions and look to acquire undervalued properties going forward."

Further Information

Shareholders and prospective investors are encouraged to visit Pantera Petroleum's website and download Pantera Petroleum's Investor Summary. Please feel free to call investor relations toll-free at 1-866-511-1147 to receive a full corporate investor's package.

About Pantera Petroleum

Pantera Petroleum, Inc. is a publicly traded oil and gas exploration company (OTCBB:PTPE) headquartered in Austin, TX with operations in Asuncion, Paraguay. Our mission is to explore and discover energy supply in North and South America. Our strategy is to acquire and explore known, but under-explored, production areas with the most modern exploration and discovery techniques. Pantera Petroleum, Inc. has rights to five concessions in northern Paraguay, covering nearly 4 million acres, with combined potential reserves of 6.7 TCFE of gas or 1.1 billion barrels of oil.

On behalf of the Board of Directors


Chris Metcalf, President and CEO

Legal Notice Regarding Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Forward looking statements are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Additional information on risks for the Company can be found in filings of the Company with the US Securities and Exchange Commission.

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