Powder River Petroleum International Inc (fka PWDR)

[mick]

Powder River Reports Year End Results, Revenues Over 13 Million
Tuesday April 15, 7:00 am ET


CALGARY, ALBERTA--(MARKET WIRE)--Apr 15, 2008 -- Powder River Petroleum International Inc. (OTC BB:PWDR.OB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed its fourth full year of operations under current management.

For the year ended December 31, 2007, Powder River reported oil and gas sales of $3,346,878. This represents an increase of 87% over the year ended December 2006.

Total revenue from all operations for the year ended 2007 were $13,423,296, as compared to $13,174,393 in 2006, and $3,850,751 in 2005.

Net income after taxes was $2,166,965 as compared to $8,757,431 in 2006.

Expenses increased to $11,371,864 in 2007, primarily due to the increase in salaries and wages, legal and professional fees, marketing and administrative costs, and lease operating costs.

With the addition of the newly purchased drilling and service company, Powder River anticipates a substantial increase in the Company's oil and gas production sales in 2008 over 2007.

"I would like to take this opportunity to personally thank all Powder River shareholders and investors for their continued support as we move forward with the Company's development," stated Powder River Petroleum International Inc. CEO Brian Fox.

Powder River Petroleum International Inc. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Petroleum International Inc. trades on the OTCBB under the symbol PWDR.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.



Contact:
Contacts:
Powder River Petroleum International Inc.
Steve Weiss
Investor Relations
[phone]
Email: [e-mail]
Website: http://www.powderrivergascorp.com

Investor Relations Asia
Jean Chye Wei Ling
Managing Director
[phone]
[phone] (FAX)
Email: [e-mail]

Princeton Research Inc.
Mike King
Market Analyst
[phone]



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Source: Powder River Petroleum International Inc.


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