SOURCE: Sky Petroleum, Inc.

September 07, 2005 05:00 ET

Sky Petroleum Announces Executive Appointments

AUSTIN, TX -- (MARKET WIRE) -- September 7, 2005 -- Sky Petroleum, Inc. (OTC BB: SKPI), an oil and gas exploration and development company, announces the appointment of Jim R. Screaton as vice president, finance and chief financial officer, and Michael D. Noonan as vice president corporate, effective immediately.

"We are very excited to have Jim and Michael join the company and be vital members of the leadership team of our organization," said Don Cameron, chief executive officer of Sky Petroleum. "We believe their solid industry experience and strong strategic capabilities will be great assets to our team as we continue to drive towards future success."

Screaton brings over 20 years of oil and gas experience to the company most recently as vice president, finance and chief financial officer of Sentra Resources Corporation, a Toronto Stock Exchange listed company. Prior experience included Screaton holding senior financial positions with several private and public oil and gas companies in Calgary, including Numac Energy Inc., a public company with operations in Canada and Africa. He was also with Ernst & Young Chartered Accountants for over 10 years, and has his Chartered Accountant certification. Jim is on the Board of Directors of the Small Explorers & Producers Association of Canada (SEPAC) and serves as co-chairman of both the Finance Committee and the Securities Compliance Committee. Jim obtained a Bachelor of Commerce (Honors) from Queen's University in Ontario, Canada.

Noonan has more than 15 years of investor relations, corporate finance and corporate governance experience. Prior to joining Sky Petroleum, Noonan served in senior positions at Integrated Electrical Services, a $1.4 billion electrical services company and Sterling Chemicals, a $1 billion manufacturer of commodity chemicals. Michael received an MBA from Athabasca University in Alberta, Canada, and a BBA from Simon Fraser University in British Columbia, Canada.

About Sky Petroleum

Sky Petroleum (OTC BB: SKPI) is an oil and gas exploration and development company. Sky Petroleum's primary focus is to seek opportunities where discoveries can be appraised rapidly, and developments can be advanced either by accessing existing infrastructure, or by applying the extensive experience of established joint-venture partners. In addition, the company also plans some higher risk, higher reward exploration prospects. For additional information please visit www.skypetroleum.com

Safe Harbor

Except for historical information, the matters set forth herein, which are forward-looking statements, involve certain risks and uncertainties that could cause actual results to differ. Potential risks and uncertainties include, but are not limited to, Sky Petroleum's ability to raise additional capital to fund its commitments under the Participation Agreement, the success of the proposed infill drilling programs, Sky Petroleum's ability to access opportunities, the contemplated continued production at the Mubarek field, the competitive environment within the oil and gas industry, the extent and cost effectiveness with which Sky Petroleum is able to implement exploration and development programs in the oil and gas industry, obtaining drilling equipment on a timely fashion, commodity price risk, and the market acceptance and successful technical and economic implementation of Sky Petroleum's intended plan.

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