BRIDGEWATER, NJ, Sept. 8 /PRNewswire-FirstCall/ -- PrimeGen Energy Corp. (OTC Pink Sheets: PGNE; "PrimeGen" or the "Company") today announces the initial production for the Kochmesskoye # 4 well at Timan-Pechora, Russia. The well commenced commercial oil production on August 24, 2009, and the Company has received production results for the first 16 days. Total oil produced and sold was 26,700 barrels with an average daily production rate of 1,670 barrels per day. Robert Charlton, President and CEO, stated, "We're very pleased with the record breaking production results of the Kochmesskoye # 4. We are ramping up our development drilling activity in Timan-Pechora and should be adding three of the four recently purchased rigs into our operations in the next several weeks." Robert Charlton continued, "We are seeing our transition to Eastern European and Russian oil resource plays continue to deliver exceptionally well for our shareholders. With the anticipated increase in our oil volumes in the fourth quarter, our cash flows are expected to remain strong as the overall economics of our Timan-Pechora wells continue to be more attractive to current and future shareholders of the Company."The Kochmesskoye # 4 well is the fourth of a multi-well program drilled at Timan-Pechora by PrimeGen. The 2009-10 development program calls for the drilling of a minimum of 30 wells to develop the field. When fully developed, the 30 wells could yield a daily production rate at Timan-Pechora of 35,000 barrels per day. Using current pricing for Timan-Pechora crude oil, PrimeGen has confirmed that the new well alone has generated $1.7 million in revenue or a projected $38.9 million per year. Currently, oil at Timan-Pechora has been priced at over $65.00 per barrel. About PrimeGen Energy Corporation PrimeGen Energy Corp. is an oil and gas exploration Company whose primary focus is exploring and developing high potential unconventional resource plays. The Company's strategy and development assets are focused on a prolific and historic oil and natural gas resource play in Krasnoarmeiskome District, Saratovskoi Oblast in Russia. The Company is headquartered in Bridgewater, NJ and has offices in Moscow, Russia. PrimeGen Energy plans to use its comparative advantages in certain geographic regions to expand rapidly through strategic acquisitions of small oil and gas producing entities and production assets including wells, properties, operating equipment, and pipelines. Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the Act and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the alternative energy industry, its products, and the entry into new markets for such products. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's current and periodic reports filed from time to time with the Securities and Exchange Commission. DATASOURCE: PrimeGen Energy Corp. CONTACT: Robert Charlton, President, PrimeGen Energy Corp.

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