PRD

PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) is pleased to
announce that it has been awarded the Gettorf Exploration Licence (covering
approximately 130,000 acres) as well as the Elmshorn Exploration Licence
(covering approximately 145,000 acres). Both licences are located within the
same Northwest German Basin as a number of PRD's other licence areas and
provides the Company with geological and geographical diversification within
Germany. The licences are located onshore in the state of Schleswig-Holstein,
Germany and have been awarded to PRD Energy GmbH, a wholly-owned subsidiary of
the Company. 


The Northwest German Basin has a history of significant petroleum discoveries
and both the Elmshorn and Gettorf Licences have a history of offsetting
production. Both licences are awarded for an initial period of five years and
include all rights surface to basement. Pursuant to the terms of the licences,
PRD is committed to bringing one well onto production within the initial five
year term for each licence. The award of this licence is subject to the review
and approval by various municipal and state government authorities in Germany. 


The Company now holds approximately 1,500,000 acres of land in the Northwest
German Basin and 925,000 acres in the Molasse Basin for a total of 2,425,000
acres in Germany.


About PRD Energy

PRD Energy Inc. is a Calgary based oil and gas company engaged in the
exploration, development and acquisition of, natural gas and crude oil,
principally in Germany. All activities of the Company in Germany are undertaken
by its wholly-owned subsidiary, PRD Energy GmbH. PRD's common shares are listed
on the TSX Venture Exchange with the symbol "PRD".


Forward looking information 

This news release contains forward-looking information relating anticipated
government approval of applications for exploration and production licences in
Germany, and other statements that are not historical facts. Such
forward-looking information is subject to important risks, uncertainties and
assumptions. The results or events predicated in this forward-looking
information may differ materially from actual results or events. As a result,
you are cautioned not to place undue reliance on this forward-looking
information.


Forward-looking information is based on certain factors and assumptions
regarding, among other things, the impact of increasing competition; the general
stability of the economic and political environments in which the Company
operates or owns interests; the timely receipt of any required regulatory
approvals; the ability of the Company to obtain qualified staff, equipment and
services in a timely and cost efficient manner; drilling results; the ability to
operate in a safe, efficient and effective manner; the ability of the Company to
obtain financing on acceptable terms; field production rates and decline rates;
the ability to replace and expand oil and natural gas reserves through
acquisition, development of exploration; the timing and costs of pipeline,
storage and facility construction and expansion and the ability of the Company
to secure adequate product transportation; future oil and natural gas prices;
currency, exchange and interest rates; the regulatory framework regarding
royalties, taxes and environmental matters in the jurisdictions in which the
Company operates; and the ability of the Company to successfully market its oil
and natural gas products, and other similar matters. While the Company considers
these assumptions to be reasonable based on information currently available to
it, they may prove to be incorrect.


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks associated with instability of
the economic and political environments in which the Company operates or owns
interests, oil and gas exploration, development, exploitation, production,
marketing and transportation, loss of markets, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates, environmental risks,
competition from other producers, inability to retain drilling rigs and other
services, incorrect assessment of the value of acquisitions, the inability to
settle the definitive terms of the farmout arrangements, failure to realize the
anticipated benefits of acquisitions, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources, reliance on key personnel, regulatory risks
and delays, including risks relating to the acquisition of necessary licences
and permits, environmental risks and insurance risks.


You should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. While the Company may elect
to, the Company is under no obligation and does not undertake to update this
information at any particular time, except as required by law. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
PRD Energy Inc.
Michael Greenwood
Chairman and Chief Executive Officer
(403) 234-0501
(403) 234-0511 (FAX)


PRD Energy Inc.
Mark Hornett
President and Chief Operating Officer
(403) 234-0501
(403) 234-0511 (FAX)


PRD Energy Inc.
Jeff Scott
Chief Financial Officer and Vice President, Finance
(403) 234-0501
(403) 234-0511 (FAX)

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