International PetroReal Oil Corporation

International PetroReal Oil Corporation

March 14, 2005 13:21 ET

PetroReal to be Cash Flow Positive Next Month; Revenues Expected to Double


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL PETROREAL OIL CORPORATION

TSX VENTURE SYMBOL: IOC

MARCH 14, 2005 - 13:21 ET

PetroReal to be Cash Flow Positive Next Month;
Revenues Expected to Double

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 14, 2005) -
International PetroReal Oil Corporation (TSX VENTURE:IOC) (the
"Company") is pleased to announce that Ms. Nathalie Pilon, C.M.A., has
consented to act as its Chief Financial Officer effective March 10,
2005. Ms. Pilon has over ten years experience in the financial and
public company sectors and we welcome her as a valuable member of the
Company's management team.

The Company also wishes to announce that it will be in a positive cash
flow position by the second quarter of 2005 due to increased cash flow
from its oil production interests and resulting from an in-depth cost
cutting program that has been undertaken.

It is further reported that workovers will commence during the second
quarter of 2005 on two existing wells on the Company's West Bay Oil and
Gas property located in the Gulf of Mexico, offshore Louisiana. It is
estimated that upon completion of the drillings, the revenues from this
property will more than double from their current level.

Based in Vancouver, Canada, and with offices in New Orleans, Louisiana,
International PetroReal Oil Corporation is an oil and gas exploration
and development company whose primary focus has been the acquisition of
producing properties with the aim of building a premier upstream
production company.

INTERNATIONAL PETROREAL OIL CORPORATION

Frank A. Jacobs, President & COO

This News Release may contain forward looking statements based on
assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of exploration and
other risk factors beyond its control and actual results may differ
materially from the expected results.

12g3-2(b) Exemption No.: 82-3206


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International PetroReal Oil Corporation
    Frank Jacobs
    President
    (604) 683-2220
    (604) 683-2286 (FAX)
    info@petroreal.com
    www.petroreal.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this News
    Release.