SOURCE: Radial Energy Inc.

April 26, 2007 09:00 ET

Radial Energy Provides Latin American Operational Update

HOUSTON, TX -- (MARKET WIRE) -- April 26, 2007 -- Radial Energy Inc. (OTCBB: RENG) ("Radial" or the "Company") wishes to report on the status of Latin American operations located in Peru and Colombia.

The Company is pleased to announce that the Huaya 100-2X well is scheduled to spud on April 28th. Radial's first well, the Huaya 100-1X, was drilled to a total depth of 926 feet (318 feet below sea level) on March 17th and was logged by Schlumberger on March 18th. Drilling results and log interpretation indicate approximately 14 feet of net pay at the top of the target Vivian formation reservoir.

After reviewing the results from the Huaya 100-1X well, Gustavson & Associates indicated that the proposed Huaya 100-2X well is a suitable location to potentially move "up-dip" from the Huaya 100-1X well to gain additional structure. According to the most recent assessment provided by Gustavson, the proved (P90) undeveloped reserves for the Huaya anticline are 15,300,000 gross barrels of 39° API gravity oil, or 3,343,050 barrels net to Radial.

After completion and production testing of the Huaya 100-2X well, the operators will complete the Huaya 100-1X with 4-inch production casing and begin production tests on that well.

Regarding the Rancho Hermoso Acquisition in Colombia, Radial's Chief Operating Officer, Omar Hayes, recently traveled to Bogotá to meet with the principal shareholders and management of Rancho Hermoso to continue negotiations on the Share Purchase Agreement.

Rancho Hermoso S.A. is a privately held Colombian oil production company and operator of two oilfields located in the Casanare department of Colombia. The Rancho Hermoso and Entrerrios fields are geologically located in the Llanos Basin, one of the most prolific hydrocarbon producing areas of South America, which includes the giant Cano Limon and Cusiana/Cupiagua fields.

Rancho Hermoso assets include 39,086 acres under contract, 4 producing wells totaling 3,708 gross barrels of oil per day (BOPD), and Proven (P90) category gross reserves of 5,492,037 barrels. Also included are production facilities, field personnel, and technical staff in the head offices in Bogotá.

According to Radial CEO, Leigh Lyons, "We are executing our strategy. The drilling and completion of the Huaya 100-2X well, and the subsequent production testing of that well and the Huaya 100-1X well, will give us a much better picture of both the size of the field and the production levels that can be expected as we continue to develop. In the meantime management is moving forward with the Rancho Hermoso acquisition, having concluded recent meetings in Bogotá with representatives from both parties focused on the execution of the Share Purchase Agreement."

About Radial Energy Inc. (OTCBB: RENG)

Radial Energy identifies, acquires, and develops low risk oil and natural gas exploration and development opportunities throughout the Americas. The Company's innovative strategy involves targeting overlooked or under-developed reserves that are under the radar of multinational oil companies and out of the reach of small independents.

The Company targets prospective oil and natural gas opportunities in historically productive regions with a focus on identifying previously drilled but undeveloped exploratory wells that, due to factors at the time of initial drilling including the absence of pipeline infrastructure, lack of modern recovery technology, poor geological or engineering interpretation or low oil and gas prices, were not fully exploited.

Radial Energy is led by a highly motivated team of industry veterans with proven expertise in North, Central and South American oil and natural gas development. Bolstered by first-rate management, farsighted acquisitions, the speed and agility to take advantage of changing market conditions, a firm commitment to building value for shareholders and the growing demand for energy worldwide, Radial Energy is taking maximum advantage of a tremendous opportunity to develop overlooked and under-developed oil and gas reserves in North and South America.

Forward-Looking Statements

Except for statements of historical fact, the information presented herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include the statements regarding the Company's expectations, hopes or intentions regarding the future. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include the ability to successfully drill and complete wells such as the Huaya 100-1X well, general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund future operations, and changes in consumer and business consumption habits and other factors over which Radial Energy Inc. has little or no control.


Radial Energy Inc.
G. Leigh Lyons, President

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