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GREEN RIVER BASIN RESERVES & CONTINGENT RESOURCE UPDATE

15 December 2010

Highlights
 
• Contingent Resources increased to 187 Million Barrels of Oil (MMBO) and 191 Billion Cubic Feet of Gas (BCFG) using a conservative 4% recovery factor (recovery factors as high as 17% have been achieved in the Niobrara Play elsewhere)
 
• Reserves increased to 12.2 MMBO and 105 BCFG
 
Entek Energy Limited (Entek or the Company) is pleased to report a significant increase in Reserves and Contingent Resources for its Green River Basin acreage. This update does not include reserves for the Company’s Gulf of Mexico portfolio.
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