CALGARY, ALBERTA--(Marketwire - Jan. 21, 2010) - JOG Limited Partnership No. III (the "Fund") announces that in a series of open market purchases on the Toronto Stock Exchange between January 8, 2010 and January 15, 2010, it acquired (the "Acquisitions") an aggregate of 614,200 common shares of Crocotta Energy Inc. ("Crocotta") at a weighted average price of $1.38 per common share. These shares represented approximately 0.9% of the outstanding common shares of Crocotta. Together with common shares held by the Fund previously, the Fund holds an aggregate of 14,913,095 common shares of Crocotta Energy representing approximately 22.9% of the outstanding common shares. The Fund relied on the "normal course purchase" exemption to the take-over bid requirements under applicable securities laws in making the Acquisitions. 

On November 27, 2006 the Fund reported that pursuant to a private placement transaction, it had acquired common shares of Crocotta representing approximately 13.2% of the outstanding common shares of that company, along with the right to acquire additional common shares which, if exercised in full, would result in the Fund holding approximately 23.3% of the outstanding shares. As a result of certain transactions leading up to August 2009, the Fund held approximately 16.1% of the outstanding common shares. As a result of the acquisition by Crocotta of Salvo Energy Inc., a private company in which the Fund held an interest ("Salvo") on August 13, 2009 pursuant to an amalgamation of Salvo with a subsidiary of Crocotta, the Fund's 10,769,230 common shares of Salvo were exchanged for an aggregate of 7,219,928 common shares of Crocotta. Immediately following the Salvo transaction, the Fund held 14,298,895 common shares of Crocotta representing approximately 22.4% of the outstanding Crocotta common shares. 

In addition, the Fund beneficially holds 103,333 options and 66,667 warrants to purchase common shares granted to an officer of the Fund's general partner, who is a director of Crocotta. If all of such options and warrants are exercised, the Fund would hold approximately 23% of the outstanding common shares of Crocotta. A private company owned by an officer of the general partner of the Fund also holds 16,667 common shares of Crocotta.

The Fund acquired the securities for investment purposes only and may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over, or exercise his rights to acquire common shares through market transactions, private agreements or otherwise.

The Fund is filing an early warning report on SEDAR, which will be available for review on Crocotta's profile on the SEDAR website at www.sedar.com. A copy of the early warning report can be obtained from the contact below.