PetroGlobe Inc.

TSX VENTURE : PGB


PetroGlobe Inc.

September 27, 2012 17:45 ET

PetroGlobe Announces Spudding of Slave Point Oil Well at Red Earth

CALGARY, ALBERTA--(Marketwire - Sept. 27, 2012) - PetroGlobe Inc. (TSX VENTURE:PGB) ("PetroGlobe" or the "Company") announces its farmee has spud its initial horizontal test well on the Company's Red Earth farmin lands and expects the well to be finished drilling over the next few weeks. PetroGlobe will advise of results once known.

ABOUT PETROGLOBE INC.

PetroGlobe is a Calgary, Alberta based public company, engaged in the exploration, development and production of petroleum and natural gas in Canada. PetroGlobe's focus is on high working interest, company-operated properties in Alberta, including Pembina Cardium light oil, Pembina Edmonton Sands natural gas, Red Earth Slave Point light oil and Sawtooth oil in the Grand Forks/Taber area of southern Alberta. PetroGlobe's common shares are listed on the TSX Venture Exchange and trade under the symbol PGB.

Neither 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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