Petrol Expands Oil and Gas Leased Acreage Position in Petrol-Neodesha

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Petrol Acquires an Additional 400 Gross Acres and Commits to Drilling Three Wells in 2005
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July 27, 2005 (Press Release) -- Petrol Expands Oil and Gas Leased Acreage Position in Petrol-Neodesha

Petrol Acquires an Additional 400 Gross Acres and Commits to Drilling Three Wells in 2005

Petrol Oil and Gas, Inc. (OTCBB: POIG) www.petroloilandgas.com announced today the expansion of its leased acreage position within its Petrol-Neodesha property by 400 gross acres. Petrol acquired the additional acreage adjacent to its producing property and has committed to drill three wells this year on the newly acquired leases. This lease acquisition follows the recent successful completion of Petrol's Phase I field enhancement program.
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