PetroReal Energy Inc.
TSX VENTURE : PNI

March 25, 2009 11:56 ET

PetroReal Energy Inc. Announces Director Resignation

CALGARY, ALBERTA--(Marketwire - March 25, 2009) - PetroReal Energy Inc. (TSX VENTURE:PNI) ("PetroReal" or the "Corporation") announces that Patrick McGowan has resigned from the board of directors and as chairman effective March 25, 2009 to pursue other interests. The Corporation is undertaking its best efforts to select his replacement. The PetroReal board of directors and management wishes Mr. McGowan success in his future endeavors. With the departure of Mr. McGowan, Mr. Ernst Schlotter, director, president and chief executive officer, assumes the position as chairman of the board.

About PetroReal: PetroReal Energy Inc. is a Calgary, Alberta, Canada based emerging, TSX Venture Exchange listed company focused on the exploration, development and production of crude oil and natural gas, primarily in North America. The Company operations are located in central and southern Alberta, southwestern Saskatchewan in Canada and Louisiana in the United States.

Forward-looking Statements: This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements". The Corporation's business is subject to various other risks and uncertainties, which may be described in its corporate filings (www.sec.gov and www.sedar.com). Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Corporation cautions readers not to place reliance on such statements. Kodiak undertakes no obligation to update or publicly revise forward looking statements or information unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • PetroReal Energy Inc.
    Ernst Schlotter
    Director, President and CEO
    (403) 269-2044
    (403) 269-2042 (FAX)
    Email: eschlotter@petroreal.ca
    or
    PetroReal Energy Inc.
    Suite 405, 505 - 8 Avenue S.W.
    Calgary, Alberta T2P 1G2
    Website: www.petroreal.ca