Powder River Petroleum International Inc.
OTC Bulletin Board : PWDR

February 26, 2008 07:00 ET

Powder River Announces Drilling and Production Update

CALGARY, ALBERTA--(Marketwire - Feb. 26, 2008) - Powder River Petroleum International Inc. (OTCBB:PWDR), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it is currently drilling on the Brookshire Salt Dome project in Waller County, Texas. Drilling on the #2 well is expected to be completed by the end of February, with test results available in mid-March.

The Company is preparing a drilling location on the #3 well and drilling will commence as soon as drilling on the #2 well is completed.

The #4 is being re-completed with test results expected in the next week.

An application is currently being processed to convert the #6 to an injection well to handle the disposal of additional water as new wells are brought into production, and increased disposal capacity is required.

Development is also currently underway on the Weesatche project to re-work three wells which are expected to be in production in early March. Production over the past ten days has averaged between 1600 and 1800 mcf gas per day on Weesatche.

"As the staff of Texoma Oilfield Services becomes more familiar with the operations of Powder River, we feel confident we will be able to meet our projected schedule for 2008. I am excited to see our projects meet their full potential in the coming year," stated Powder River Petroleum International Inc. CEO Brian Fox.

Powder River Petroleum International Inc. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Petroleum International Inc. trades on the OTCBB under the symbol PWDR.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

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