Triangle Petroleum Corporation
OTC Bulletin Board : TPLM

Triangle Petroleum Corporation

April 04, 2007 09:01 ET

Triangle Commences Production From Barnett Wells

CALGARY, ALBERTA--(CCNMatthews - April 4, 2007) - Triangle Petroleum Corporation (the "Company" or "Triangle") (OTCBB:TPLM) announces the first stage in the Company's multi-phase production program.

Triangle has commenced production from two of the first four horizontal wells drilled in the fourth quarter of 2006 in the Barnett Shale as follows:

Hood County (11% to 15% working interests) - The first well was fracture stimulated in March and is producing from four stages. Peak production rates up to 1.5 mmcfpd (million cubic feet per day) have been realized with approximately 40% of the frac load fluid recovered to date.

The second well in this county has peak production rates of 1.3 mmcfpd (million cubic feet per day) from two producing stages. Approximately 65% of the frac load fluid has been recovered.

Parker County (13.5% working interest) - Both of the wells in this county have been drilled and are awaiting a 3,000 foot pipeline tie-in prior to completion. Production from these wells is expected to commence in the second quarter.

The Company's mandate to convert its land position into a production and cash flow base is now the key driver for all current and future expenditures.

Mr. Ron Hietala, President of Triangle's operating companies comments, "We continue to evaluate higher quality acreage tracts in established production areas that have short pipeline connection timeframes. We are also encouraged by the increasing interest and activity levels near our 12,000 acres in Hill County."

About Triangle Petroleum Corporation

Triangle is an exploration company focused on the Fayetteville Shale project in Arkansas, the Barnett Shale project in Texas, and resource plays in select areas of the western United States. An experienced team comprising technical and business skills has been formed to optimize the Company's opportunities through its operating subsidiaries, Triangle USA Petroleum Corporation in the United States and Elmworth Energy Corporation in Canada.

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On behalf of the Board of Directors,


Mark Gustafson, President

Safe Harbor Statement. This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, the amount of funds the Company may receive, the Company's proposed acquisition and development of properties, including drilling projects. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the possibility that additional investments will not be made or that appropriate opportunities for development will not be available or will not be properly developed. For additional risk factors about our Company, readers should refer to risk disclosure contained in our reports filed with the Securities and Exchange Commission.

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