SOURCE: Petro Resources Corporation

May 16, 2008 09:00 ET

Petro Resources to Hold First Quarter 2008 Conference Call

HOUSTON, TX--(Marketwire - May 16, 2008) - Petro Resources Corporation (AMEX: PRC) ("the Company") announced today it will host a conference call to discuss the Company's first quarter 2008 results and operations update.

The conference call will be held on Monday, May 19, 2008 at 10:00 AM CDT. Anyone who is interested in participating in the conference call can dial in at 877-681-3373. Alternatively, the conference call will be webcast and those who wish to listen can log on through the Company web site at www.petroresourcescorp.com.

About Petro Resources

Petro Resources Corporation is an independent exploration and production company engaged in the acquisition of properties and leases, exploration, development, exploitation, and production of oil and natural gas in the continental United States.

Forward-looking Statements

The statements contained in this press release that are not historical are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements, without limitation, regarding the Company's expectations, beliefs, intentions or strategies regarding the future. Such forward-looking statements relate to, among other things: (1) the Company's proposed exploration and drilling operations on its various properties, (2) the expected production and revenue from its various properties, and (3) estimates regarding the reserve potential of its various properties. These statements are qualified by important factors that could cause the Company's actual results to differ materially from those reflected by the forward-looking statements. Such factors include but are not limited to: (1) the Company's ability to finance the continued exploration and drilling operations on its various properties, (2) positive confirmation of the reserves, production and operating expenses associated with its various properties; and (3) the general risks associated with oil and gas exploration and development, including those risks and factors described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2007 filed on March 31, 2008 and the Company's Quarterly Report for the three months ended March 31, 2008 filed on May 15, 2008. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company does not undertake, and specifically disclaims any obligation, to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Contact Information

  • Contact:

    Brad Holmes
    Investor Relations
    (713) 654-4009

    Don Kirkendall
    President
    (832) 369-6986