Premium Energy Corp. (PPTL)

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not confirmed PR NOV 30,2009

PPTL 500 mcfs now flowing.
PPTL Merger updates.

Calgary, Alberta--, Nov. 30, 2009 (Newsmakerradioone) -- Premium Petroleum, Corp. (Pink Sheets:PPTL) is please to announce that it's Ashmont wells are now producing 450- 465 mcfs per day. " This is a major development for our company and we expect to hit 500 mcf's by the end of the year", says Bruce A. Thompson President and CEO. In addition , the company is exploring possible mergers with 3 Canadian gas and oil exploration companies. " We have received extensive interest from outside companies in the last year, and we feel that a joint venture with a larger exploration company, is in the best interest for our company. We will make a final decision within the next week and make an announcement to our shareholders immediately after", says Thompson.Further updates on the Boyne Lake project are expected soon.

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For more detail about the company, its management, and projects, please refer to our web site: www.premiumpetroleum.com.