Petrolifera posts sales, to release Q1 results May 8

2008-04-02 16:47 ET - News Release

Mr. Richard Gusella reports

PETROLIFERA PETROLEUM'S ARGENTINEAN ESTIMATED SALES VOLUMES SHOW CONSIDERABLE GROWTH DURING FIRST QUARTER 2008

Petrolifera Petroleum Ltd. continues to grow and re-establish its solid production and sales base in Argentina. During March, 2008, the company's estimated sales volumes rose approximately 40 per cent from January levels, to reach an estimated 9,000 barrels of oil equivalent per day. Petrolifera's March, 2008, estimated exit sales rate was approximately 9,300 barrels of oil equivalent per day, of which approximately 85 per cent was represented by crude oil and natural gas liquid sales, and the balance was natural gas sales. Sales volumes reported herein have been estimated based upon available information, and may differ from reported sales volumes, which will be based on actual sales receipts.

Petrolifera's estimated monthly sales volumes for the first quarter of 2008 were:

January  6,460 barrels of oil equivalent per day

February  8,290 barrels of oil equivalent per day

March   8,975 barrels of oil equivalent per day