GLUV Corp. B.O.D.

[roach4091]

LATEST NEWS:

CALGARY, Alberta--(BUSINESS WIRE)--Oct. 31,
2005--Premium Petroleum, Inc. is pleased to
announce that it has initiated its Seismic
program on its Boyne Lake Gas Project. Due to
the channel sand nature of the geology at the
site, management has decided to shoot a seismic
program to assist in identifying the optimum
drill location on the subject lands. To this
end, a highly respected geophysical firm of
Petrel Robertson Consulting Ltd. has been
retained to design, oversee, and interpret a 3-
line 8 km seismic program. This program should
be completed and interpreted within the next 30
to 60 days, subject to equipment availability.

"The power of seismic is that it raises the
probability of success," commented Bruce
Thomson, President and Chief Executive Officer
of Premium Petroleum, Inc. "In this case from
an estimated 35% to an over 70%," concluded
Thomson.


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