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PetroHunter Energy Corp. (fka PHUN)

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Authorized - 500,000,000 shares
Issued and outstanding - 222,928,734 shares



Piceance II

PetroHunter is drilling its 14th operated well in the Piceance II project area
near Parachute, Colorado. Each of the 14 wells has encountered gas shows of
greater than 200 feet of net pay, with 12 of the wells containing more than 400
feet of net pay, all in sandstones within the Williams Fork Formation.

The company is in the process of negotiating natural gas marketing agreements
with an established mid-stream provider with firm transport on the Rockies
Express pipeline (REX). The company plans to complete all 14 of its existing
wells, and plans to drill and complete two additional permitted wells to coincide
with the construction of a gathering system during the third and fourth calendar
quarters of 2007.

Buckskin Mesa

PetroHunter has begun drilling its fourth well in the 20,000 net acre Buckskin
Mesa project. The first three wells encountered an average of 590 feet of net
sandstone pay, with strong gas shows over at least 3,000 gross feet of section.
Casing has been set in each of the wells in anticipation of completion in the
third and fourth calendar quarters of 2007, pending gathering and marketing

The company has entered into a preliminary scoping agreement with Clear Creek
Energy Services (CCES), an established midstream services provider, to design,
build, and operate a gas gathering system to transport unprocessed gas from the
Company's Buckskin Mesa wells to the Meeker Hub for processing and compression
into REX. CCES has initiated a feasibility study to transport as much as 15
mmcfpd of gas via existing small-diameter pipelines to the Greasewood Hub.
Marketing negotiations are underway with other companies for future delivery of
as much as 100 mmcfpd of production from the Buckskin Mesa area. PetroHunter
believes that limited gas sales from the Buckskin Mesa wells could begin in late
2007, pending completion of the transport and marketing efforts described above.


Fiddler Creek

The Company is reviewing production and technical data from two recompleted wells
in the Fiddler Creek properties in Stillwater County, Montana. Preliminary oil
composition and production data indicates that both wells are capable of
delivering continuous heavy oil flow via use of progressive cavity pump

In January, an additional 3,000 acres of federal leasehold was acquired in the
Fiddler Creek area at the Montana federal sale. This additional acreage increases
the Company's acreage position in the Fiddler Creek area (which includes several
structural features) to more than 23,000 net acres. The Company has completed
geological and geophysical maps and has selected three vertical and three
horizontal well locations for development later this calendar year.

Great Salt Lake

PetroHunter is preparing permits for six vertical wells which will be located on
existing seismic lines. The Company has completed geologic and geophysical
analysis, preparation of maps and is in the process of finalizing the necessary
access to the lake from Little Valley Harbor.


Beetaloo Basin

Sweetpea Corporation Pty Ltd. ("Sweetpea"), a wholly owned subsidiary of
PetroHunter Energy Corporation, has signed a Letter of Intent with Century
Resources for a drilling rig for the drilling program in the Beetaloo Basin in
the Northern Territory of Australia. The rig is expected to arrive in the basin
early in the third calendar quarter. Extensive geologic and geophysical work has
identified seven initial well locations. The wells have been staked, and
construction of drilling pads and access roads are being scheduled. Based on our
2D seismic data field acquisition program completed in 2006, several additional
well locations are currently being developed for the first phase of drilling.

Sweetpea currently holds four exploration permits covering approximately seven
million acres within the basin, and has applied for another 1.5 million acres
under two additional exploration permits.

Northwest Shelf -- Offshore Western Australia

On February 19, 2007, the Joint Offshore Authority for the Commonwealth of
Australia and Western Australia granted an exploration permit to Sweetpea
Corporation on the Northwest Shelf of Western Australia (the "NW Shelf Permit").
The permit consists of nearly 20,000 acres located offshore in the Exmouth
Sub-Basin in the Carnarvon Basin. The Northwest Shelf has a number of commercial
oil and gas fields within geologically-significant proximity to Sweetpea's NW
Shelf Permit, as well as existing regional offshore infrastructure.

Sweetpea's NW Shelf Permit is located approximately 60 miles south of Chevron's
recently announced discovery in the Triassic Mungaroo Formation by the Clio #1
well. Drilling in 3,000 feet of water to a depth of 15,500 feet, the well
encountered 623 feet of net gas sands with multi-darcy permeabilities.

Sweetpea's block is located in about 500 feet of water and expected target depths
are projected to be in the range of 10,000 - 15,000 feet. Preliminary analysis
suggests that hydrocarbon potential occurs in both conventional oil and gas plays
and unconventional gas accumulations, both in Mesozoic reservoirs generated from
source rocks that are thermally mature.

About PetroHunter Energy Corporation

PetroHunter Energy Corporation, through the operations of its wholly-owned
subsidiaries, PetroHunter Operating Company and Sweetpea Corporation Pty Ltd, is
a global oil and gas exploration and production company with primary assets
consisting of various oil and gas leases and related interests in oil and natural
gas prospects, including approximately 220,000 net mineral acres in Colorado,
Utah and Montana, and over seven million net mineral acres in Australia.

PetroHunter Energy Corporation shares trade in the United States on the
Over-the-Counter Bulletin Board (PHUN).

PetroHunter Energy Corporation
Corporate Address
1875 Lawrence Street, Suite 1400
Denver Colorado 80202 USA
Phone (303) 572-8900, Fax (303) 572-8927

Dr. Thomas AhlbrandtChairman and CEO
(303) 572-8900
Garry D. LavoldPresident and COO
(303) 572-8900
Michael K. LamCorporate Development North America
(416) 303-8810
Alexander Hubbard-FordCorporate Development Europe
+44 (0) 79 8448 1541
Brad LongInvestor Relations
(866) 795-3436
(360) 332-4013

Investor Relations Contacts
United StatesCTA Integrated Communications
Bevo BeavenSr. Vice President/General Manager
(303) 665-4200
United Kingdom4C Burvale
Carina Corbett, John Carrick Smith+44 (0) 20 7559 6710

Forward-Looking Statements

Except for statements of historical fact, the information presented herein
constitutes forward-looking statements. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of the company to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include general economic
and business conditions, the ability to acquire and develop specific projects,
the ability to fund operations and other factors over which PetroHunter Energy
Corporation, or any of its subsidiaries, has little or no control. For complete
financial reports and other information about the Company and its operations,
investors are encouraged to read the Company's filings with the United States
Securities and Exchange Commission, including forms 10-K and 10-Q.

SOURCE PetroHunter Energy Corporation
Dr. Thomas Ahlbrandt, Chairman and CEO, +1-303-572-8900, or Garry D. Lavold,
President and COO, +1-303-572-8900, or Michael K. Lam, Corporate Development North
America, +1-416-303-8810, or Alexander Hubbard-Ford, Corporate Development Europe,
+44 (0) 79 8448 1541, or Brad Long, Investor Relations, +1-866-795-3436, or
+1-360-332-4013, all of PetroHunter Energy Corporation; or Investors, Bevo Beaven,
Vice President/General Manager of CTA Integrated Communications, +1-303-665-4200, for
PetroHunter Energy Corporation; or United Kingdom Investors, Carina Corbett or John
Carrick Smith, both of 4C Burvale, +44 (0) 20 7559 6710, for PetroHunter Energy


Copyright (C) 2007 PR Newswire. All rights reserved

10-Q for 3/31/07 http://tinyurl.com/32sy97

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#71   PHUN revoked: Renee 08/08/16 09:42:41 AM
#70   PHUN SEC Suspension for Financials / Filings delinquencies: Renee 05/11/16 09:33:39 AM
#69   $PHUN ~ Daily Par Sar Buy Signal ~ Penny Roger$ 08/26/13 11:13:29 PM
#68   get ready for this to break Roy London 07/18/13 12:20:18 AM
#67   come on break Roy London 07/12/13 01:18:32 AM
#66   give us that volume Roy London 06/10/13 10:31:44 PM
#65   over 4 million traded this week...something is up...weekly Roy London 06/08/13 11:20:24 AM
#64   Roy London on Bottom Barrel Stocks at 10/11/2012 Roy London 06/04/13 11:59:58 PM
#63   were on..been holding this for over 8 months Roy London 06/04/13 11:58:54 PM
#62   back on watch Roy London 05/12/13 04:35:28 PM
#61   PHUN .015 8k Sept 11th, items pulled: Paltar SuperC 09/17/12 06:24:45 AM
#60   PHUN Shares Out. 439.1M Authorized - 500,000,000 shares. SuperC 09/16/12 10:17:44 PM
#59   PHUN Sept 11th 8k http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID= SuperC 09/16/12 10:09:49 PM
#58   PHUN Security Details Share Structure Market Value1 $6,586,181 SuperC 09/16/12 10:08:43 PM
#57   PHUN http://www.petrohunter.com/ 52-Wk hi-.025 SuperC 09/16/12 10:06:15 PM
#56   PHUN A .016bid could prove to be THE move....http://stockcharts.com/c-sc/sc?s=PH SuperC 09/16/12 10:04:53 PM
#55   PHUN .015 PetroHunter Energy Corp. http://stockcharts.com/c-sc/sc?s=phun SuperC 09/16/12 10:03:43 PM
#54   Spread is tight - .0147x.0148 - might be bob10103 03/27/12 12:51:44 PM
#53   Hello edegoc Logon26 09/20/11 03:02:18 PM
#52   hello logon, i had been doing some checking edegoc 08/06/11 09:41:15 PM
#51   PHUN still owns >25% in the Beetaloo Basin Logon26 07/13/11 04:12:49 PM
#50   Why this thing running? lightbeam 02/01/11 11:26:46 AM
#49   0.04 is through! evens 03/18/10 04:41:38 PM
#48   And here the good news: evens 03/12/10 01:45:02 PM
#47   knocked down! evens 03/12/10 01:43:49 PM
#46   Gonna knock down the 0.04 soon! evens 02/17/10 01:12:25 PM
#45   GM all. ctine2020 02/12/10 07:58:57 AM
#44   In case anyone is wondering... ctine2020 02/12/10 01:04:21 AM
#43   Looking for entry at .03 if the support ctine2020 02/12/10 01:00:59 AM
#42   PHUN Chart ctine2020 02/12/10 01:00:13 AM
#41   Phun looking for another solid day tomorrow! ctine2020 02/12/10 12:57:23 AM
#40   On the move today lightbeam 02/11/10 01:40:05 PM
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