Premium Petroleum, Inc.
PINK SHEETS : PPTL

Premium Petroleum, Inc.

November 15, 2005 12:51 ET

Premium Petroleum, Inc. Adds Senior Petroleum Engineer to its Management Team

CALGARY, ALBERTA--(CCNMatthews - Nov. 15, 2005) - Premium Petroleum, Inc. (PINK SHEETS:PPTL) is pleased to announce the appointment of E.P. (Ted) Webb, P.Eng., as Vice President Engineering, and also as Advisory Board member.

With over 40 years of domestic and international engineering experience in the oil patch, including 33 years of consulting to private and public companies, Mr Webb brings significant depth to Premium's management's team.

Mr. Webb has gained in-depth, comprehensive experience during his eleven (11) years employed by a large multi-national oil company and two Canadian independents. As well, Mr. Webb has accumulated over thirty (33) years experience delivering high level, senior consulting expertise, both domestically and internationally, to private and public companies, governments, and institutions.

Mr. Webb's practical experience has encompassed field production engineering, joint venture unitization, technical and operating committee duties. Mr. Webb has made many presentations over the years to all three western provincial regulatory authorities, as well as before the major securities commissions in both Canada and the United States. Mr. Webb has gained many years of consulting expertise doing reservoir and production appraisals throughout Canada, the United States, Europe, North Africa, Indonesia and the North Sea.

In addition, Mr. Webb has conducted numerous reservoir and economic appraisal seminars in Canada, United States, United Kingdom, Germany, Albania, Turkey and Vietnam. These seminars were conducted for C.A.P.L., United Nations, BHP Energy, Indian Oil and Gas and the Canadian Economic Development Agency. Mr. Webb is a Registered Professional Engineer in the Provinces of Alberta, British Columbia and Saskatchewan, Canada.

The Company will be looking to Mr. Web to source and provide economic evaluation to quality exploration and development projects, acquisition opportunities, joint ventures, and grass roots land assembly opportunities in accordance with the stated objectives set out by the Company.

Bruce Thomson, President & CEO, states, "The biggest asset of any successful oil and gas company is the quality of its people."

See www.premiumpetroleum.com for more details.

About Premium Petroleum, Inc.

Premium is set to exploit petroleum and natural gas reserves in an environment of unprecedented commodity prices and under the guidance of a highly qualified management and technical team.

Premium is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in the Western Canadian Sedimentary basin to 6000 feet in depth. Management intends to pursue a growth strategy through Land Assembly, Joint Ventures (Farmin / Farmout), and Acquisitions. The Company has assembled a seasoned team of managers and technical professionals in the areas of geology, engineering, and legal. With the depth of the management and technical team we have assembled, Premium is poised for aggressive asset growth and development.

For more detail about the company, its management, and projects, please refer to our web site: www.premiumpetroleum.com.

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended; such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The Company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operations to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the Company and its operations, are included on certain forms the Company files with the Securities and Exchange Commission.


Contact Information