Petro One Energy Corp CUDBF

RE: Q3 update

[chucker6]

This is a reply from Jan 17 2012. 130bpd, well that's funny J1 reported shut in November.

The gas is not tied in yet on this or the other J5 wells, but soon will be as there is an above ground riser only a few hundred metres away. Right now light oil alone is over 130 bpd combined J5 and J1, but remember that is only from two exploration holes, and it is not even a small fraction of the overall production potential of those two occurrences. The take away here is that the discovery well is improving on its own merit which shows a reservoir of such rare quality that no doubt it will be a serious moneymaker. Again I should restate that both J1 and J5 have enormous potential at depth and proximity to existing finds—but these still remain among the most modest targets in our portfolio, and we no doubt will attack new exploration targets shortly that have the potential to dwarf anything we are working on right now.

Regards,

Jeff Stuart
Petro One Energy Corp.
1300-1111 West Georgia Street
Vancouver, BC
Tel: [phone]
TF: 877 566 9089
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[e-mail]
PetroOneEnergy.com