Petroglobe Inc. PTGBF

farmee spuds Red Earth well

[zenda]

CALGARY, ALBERTA--(Marketwire - Sept. 27, 2012) - PetroGlobe Inc. (TSX VENTURE:PGB) ("PetroGlobe" or the "Company") announces its farmee has spud its initial horizontal test well on the Company's Red Earth farmin lands and expects the well to be finished drilling over the next few weeks. PetroGlobe will advise of results once known.




ABOUT PETROGLOBE INC.




PetroGlobe is a Calgary, Alberta based public company, engaged in the exploration, development and production of petroleum and natural gas in Canada. PetroGlobe's focus is on high working interest, company-operated properties in Alberta, including Pembina Cardium light oil, Pembina Edmonton Sands natural gas, Red Earth Slave Point light oil and Sawtooth oil in the Grand Forks/Taber area of southern Alberta. PetroGlobe's common shares are listed on the TSX Venture Exchange and trade under the symbol PGB.




FOR FURTHER INFORMATION PLEASE CONTACT: Jason E. James
PetroGlobe Inc.
Chief Financial Officer
[phone] ext. 234
[phone] (FAX)
[e-mail]
www.petroglobe.com
ORBill Powers
PetroGlobe Inc.
Interim Chief Executive Officer
[phone]