PRD Energy Announces Operational Update - Seite 3

Joint Venture Partner

The Company is in the process of seeking a joint venture partner for the Volkensen and Sittensen licences. The Company has executed several confidentiality agreements and held discussions, however, it has not entered into any definitive arrangements at this time.

Other Licences

PRD is continuing to augment its understanding of its existing land base of 2,413,300 acres with improved access to data of Germany's major oil & gas companies. Management has completed a technical review of its existing licences and prospects resulting in the high-grading of certain exploration and production licences and expects to materially reduce the size of certain licences during 2015 as a result of these assessments. The Company has also applied for certain new licences which have been identified as prospective during its internal review process. These licenses are expected to be the focus of future development activity in late 2015 and throughout 2016.

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 to: the viability of the Boerger, Volkensen and Sittensen projects; enhancing potential recoveries from the Volkensen oil pool; expected results from first stage of the Volkensen development program; expected timing for commencement of the first stage of the Volkensen development program, environmental impacts and reduction of costs associated with operations; prospectivity of the Sittensen licence; expected timing for commencement and completion of the Volkensen/Sittensen seismic program and costs and funding in respect of that program; delineation of exploration prospects, production from the Boerger 7A well; the success of deviated wells to be drilled at Boerger 7A; enhancing recoveries from the Boerger 7A well; optimizing production capabilities of future wells, cost reduction strategies; the ability to streamline regulatory processes to receive permits; the ability of the Company to find a focus of corporate activities in 2015 and 2016; expanding the Company's business in Germany and other statements that are forward-looking in nature. 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.