SKW Skywest Energy Corp

Operations Update - Current Production

SkyWest (TSX VENTURE:SKW) has drilled 9 gross wells ( 7 net) to date since
August of 2010 in the Willesden Green, Pembina, Carrot Creek and the Deep Basin
areas of Alberta. Six of the nine wells have now been completed and five (5) of
the nine wells are currently on production. SkyWest is pleased to announce that
the Company will exceeded its 2010 exit rate guidance of 1400-1600 boepd as
SkyWest's current production is greater than 2,000 boepd. Management recognizes
that:




--  A significant portion of the current production is flush production and
    we do anticipate natural declines 
    
--  Production from the additional four wells is expected to help offset the
    initial declines of the current production. 
    



Additional Cardium Lands

The Company has entered into two new farm-in transactions to acquire an
additional 8.5 gross (5.1 net) Cardium sections. The Company has also acquired
an additional 4.25 Cardium sections at recent Crown land sales. As a result, the
Company has added an additional 35 net Cardium drilling locations. The Company
will now hold approximately 40 net sections of Cardium acreage.


Information Regarding SkyWest

SkyWest Energy Corp. is a public oil and gas exploration and development
company, located in Calgary, Alberta with operations in Alberta. SkyWest
currently trades on the TSX Venture Exchange (TSXV) under the Symbol "SKW".


Disclosure provided herein in respect of barrels of oil equivalent (boe) may be
misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf:
1 Bbl is based on an energy equivalency conversion method primarily applicable
at the burner tip and does not represent a value equivalency at the wellhead.


Statements herein that are not historical facts may be considered forward
looking statements including management's assessment of future plans and
operations, growth expectations within the Corporation, expected initial
production rates from certain new wells, timing of completion of wells and of
production additions, expected size of various plays, construction or expansion
of facilities and the timing thereof and expected costs and the effects thereof,
drilling plans and the effects thereof. These forward-looking statements
sometimes include words to the effect that management believes or expects a
stated condition or result. All estimates and statements that describe the
Corporation's objectives, goals or future plans are forward-looking statements.
Since forward-looking statements address future events and conditions, by their
very nature they involve inherent risks and uncertainties including, without
limitation, risks associated with the Acquisition, 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, 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. As a consequence, SkyWest's actual results
may differ materially from those expressed in, or implied by, the
forward-looking statements.


Forward-looking statements or information are based on a number of factors and
assumptions which have been used to develop such statements and information but
which may prove to be incorrect. Although SkyWest believes that the expectations
reflected in such forward-looking statements or information are reasonable,
undue reliance should not be placed on forward-looking statements because
SkyWest can give no assurance that such expectations will prove to be correct.
In addition to other factors and assumptions which may be identified in this
document, assumptions have been made regarding, among other things: the impact
of increasing competition; the ability of SkyWest to obtain equipment and
services in a timely and cost efficient manner; drilling results; the ability of
the operator of the projects which SkyWest has an interest in to operate the
field in a safe, efficient and effective manner; field production rates and
decline rates; the ability to replace and expand oil and natural gas reserves
through acquisition, development or exploration; the timing and costs of
pipeline, storage and facility construction and expansion; 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 SkyWest operates; and the ability of SkyWest to
successfully market its oil and natural gas products.


Readers are cautioned that the foregoing list of factors and assumptions is not
exhaustive. Additional information on these and other factors that could effect
SkyWest's operations and financial results are included in reports on file with
Canadian securities regulatory authorities and may be accessed through the SEDAR
website (www.sedar.com). Furthermore, the forward-looking statements contained
in this news release are made as at the date of this news release and SkyWest
does not undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by applicable securities
laws.

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