Petromin Resources Ltd. announced that it has successfully completed the work over operations at its Frog Lake 7A and 7B wells in which the Company has 100% and 45% working interests respectively. 7A is currently being produced at approximately 40 b/d and 7B at approximately 70 b/d. The company is also reviewing farm out options to drill its fourth well location at Frog Lake.

Petromin Resources Ltd. announced that it has commenced work over operations at its Frog Lake 7A and 7B wells in which the company has 100% and 45% working interests (WI) respectively and anticipates production to resume shortly. Petromin has also completed the economic study requested by the Energy Resources and Conservation Board (ERCB) of the excess gas that was being flared during the production testing of its Morningside oil well. Petromin now has approval to resume production testing by committing to tie into the pipeline the excess gas that was being flared and the Company has thus begun proceedings to tie into the existing low pressure pipeline that exists on the surface lease. Production testing of the Morningside oil well is expected to resume shortly.

Petromin Resources Ltd. announced that TerraWest Energy Corp. has provided an update of the exploration activities in the field at its Liuhuanggou coalbed methane ('CBM') project ('2012 Field Program') in Xinjiang, the People's Republic of China ('China'). The 2012 Field Program was initiated in early November 2012 and involves drilling, casing and completing production wells at two key selected locations. Well LHG12-02 spudded on November 11, 2012. The well, which is located in the vicinity of previously drilled well LHG10-02, reached the planned total depth of approximately 750 metres and was cased. Completion of the well and fracture stimulation of prospective formations is planned for spring 2013. The target formation is the Jurassic Badaowan (J1B) which contains multiple coal seams and prospective surrounding rocks. The well intersected target coals as planned and initial indications from geophysical logs show that key zones reflect gas potential as expected and some surrounding rocks above coal seams show excellent additional gas potential as well.