Blade Petroleum Ltd.

Blade Petroleum Ltd. has retained Tristone Capital to seek a funding partner for the re-development of Cadlao oil field in The Philippines. Blade holds 80% interest and operatorship in Service Contract 6 Cadlao offshore in the NW Palawan Basin. The field is set to deliver first oil in 2010 with expected production of 3 million barrels of oil in the first year. Remaining proved plus probable reserves are estimated to be 6.32 million barrels. The data room is open. Contact Mark Llamas, +44 (0) 207-355-5874; mllamas@tristonecapital.com.