PRD

PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) is pleased to
announce that it has been awarded the Schwarzenbek Exploration License covering
approximately 175,000 acres. The license is located in the state of
Schleswig-Holstein, and is within the Northwest German Basin. The license has
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 a number of these discoveries have been made within close proximity to the
Schwarzenbek license. The Schwarzenbek license is awarded for an initial period
of five years and includes all rights surface to basement. Pursuant to the terms
of the license, PRD is committed to drilling three exploration wells within the
initial five year term. The award of this license is subject to the review and
approval by various municipal and state government authorities in Germany.  


PRD Energy GmbH has also applied for several additional exploration and
production licenses in Germany on behalf of PRD, and anticipates responses to
these applications in the coming months. 


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, in
Germany. 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 licenses in Germany,
proposed drilling programs pursuant to the terms of the Schwarzenbek license,
the likelihood of reserves discoveries and petroleum production from the
Schwarzenbek license 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 licenses
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. 


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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