PetroGlobe Inc.
TSX VENTURE : PGB

PetroGlobe Inc.

May 01, 2008 14:50 ET

PetroGlobe Announces Filing of Financial Statements, Reserves Data

Year End and National Instrument 51-101 Filings

CALGARY, ALBERTA--(Marketwire - May 1, 2008) - PetroGlobe Inc. (TSX VENTURE:PGB) ("PetroGlobe" or the "Corporation") announces that it has filed with Canadian securities regulatory authorities its audited financial statements for the year ended December 31, 2007, the accompanying Management's Discussion and Analysis and the Corporation's Statement of Reserves Data and Other Oil and Gas Information (National Instrument Forms 51-101F1, 51-101F2 and 51-101F3). These filings are available for review under the Corporation's SEDAR profile at www.sedar.com.

ABOUT PETROGLOBE INC.

PetroGlobe Inc. is listed on the TSX Venture Exchange and trades under the symbol PGB. PetroGlobe Inc. carries on business directly in Canada. It conducts business indirectly in the United States through PetroGlobe Energy USA Ltd. Its wholly owned subsidiary, PetroGlobe (Canada) Ltd., is in the business of international oil and gas consulting. Major properties are in the Palo Duro basin of West Texas, Drayton Valley, Breton, Warburg and Leduc areas of west-central Alberta.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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