PRD Energy Announces Operational Update - Seite 2

At the Company's request, the TSX Venture Exchange has extended the time frame to transfer the Company's listing from Tier 2 to NEX from October 26, 2015 to January 31, 2016, allowing the Company and its financial advisor time to complete the Company's strategic review process.

Forward looking information

This news release contains forward-looking information relating to: the expected costs of restructuring; the ability of the Company to discharge its remaining liabilities in Germany; the elimination of the carrying value of the exploration and evaluation assets as well as the related payables and asset retirement obligations; the outcome of the Company's evaluation of its strategic alternatives 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.

Forward-looking information is based on certain factors and assumptions, known and unknown risks and uncertainties that contribute to the possibility that the forward-looking information may differ materially from actual results or events. The risks and uncertainties include, without limitation: the impact of increasing competition; the general stability of the economic and political environments in which the Company exists; the timely receipt of any required regulatory approvals; 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 exists, 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.

Additional information on these and other factors that could affect PRD'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 information contained in this news release are made as at the date of this news release and PRD does not undertake any obligation to update publicly or to revise any of the forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The forward-looking information contained in this news release describe our expectations as of November 26, 2015 and, accordingly, are subject to change after such 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PRD Energy Inc.
Michael Greenwood
Chairman and Chief Executive Officer
[phone]
[phone] (FAX)

PRD Energy Inc.
Graeme Ryder
Vice President, Finance and Chief Financial Officer
[phone]
[phone] (FAX)