PetroGlobe Inc.

PetroGlobe Inc.

December 19, 2008 14:28 ET

PetroGlobe Announces New Appointment to the Board of Directors

CALGARY, ALBERTA--(Marketwire - Dec. 19, 2008) - PetroGlobe Inc. ("PetroGlobe" or the "Corporation") (TSX VENTURE:PGB) is pleased to announce that Mr. J. Paul Lawrence joined the Board of Directors effective December 17, 2008.

Mr. J. Paul Lawrence is currently the Vice President Finance and CFO of Arsenal Energy Inc. Mr. Lawrence has a wealth of experience with over 30 years in the oil and gas industry in both private and public companies in the areas of mergers and acquisitions, corporate finance, investor relations, tax and financial reporting.

Mr. Lawrence graduated from the University of Western Ontario and is a member of the Canadian, Alberta and Ontario Institutes of Chartered Accountants and the Financial Executives Institute.

"PetroGlobe will benefit greatly from the depth of experience and knowledge Paul brings to our Board of Directors, particularly in the areas of finance, accounting and governance," commented Jason James CEO and Director. "We welcome Paul to the Board of Directors."

Forward-Looking Information

This press release contains "forward looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of this press release. Examples of such forward looking information in this press release include, but are not limited to factors relating to the business, financial position, operations and prospects of PetroGlobe, which are subject to significant risks and uncertainties. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of PetroGlobe to be materially different from any future results, performance or achievements expressed or implied by the forward looking information in this press release. We have no intention to update this forward-looking information, except as required by applicable securities law. This forward-looking information should not be relied upon as representing our views as of any date subsequent to the date of this press release.


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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