Triangle commences Wyoming Exploration

Triangle Petroleum Corporation, an exploration company focused on emerging Canadian shale gas projects, the Fayetteville shale gas project in Arkansas and select conventional oil projects in the Rocky Mountains, has commenced its oil exploration program has in southwestern Wyoming.

In conjunction with its joint venture partners, the Company has commenced drilling a 2,000 foot test well into the Nugget Sandstone formation. Triangle and its partners are targeting a conventional oil reservoir on this 17,000 gross acre prospect in Lincoln County, Wyoming. Technical evaluation of deeper wells previously drilled in this area indicates that a bypassed oil zone opportunity may exist.

The entire drilling and testing program is expected to be complete by mid-October. Drilling and completion costs are expected to total approximately $800,000. Triangle pays 33% of the costs for a 25% working interest. If oil is encountered during the test phase, a follow-up drilling program will be planned and initiated.