Second Wave Petroleum Inc.

Second Wave Petroleum Inc.

December 04, 2009 07:00 ET

Second Wave Petroleum Announces Granting of Options

CALGARY, ALBERTA--(Marketwire - Dec. 4, 2009) - Second Wave Petroleum Inc. ("Second Wave" or the "Company") (TSX VENTURE:SCS) announces that the Company's board of directors has approved the grant of options to purchase an aggregate of 788,500 common shares of Second Wave at an exercise price of $1.80 per share. The options have been granted to officers and employees of the Company pursuant to the Second Wave incentive stock option plan, have a five-year term and are subject to standard vesting provisions. The grants are subject to acceptance by the TSX Venture Exchange in the ordinary course.

60,287,940 Common Shares

Neither the 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.

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