TQE Torque Energy Com

Torque Energy Inc. (TSX VENTURE:TQE) today filed with Canadian securities
authorities its unaudited consolidated financial statements and related
Management's Discussion and Analysis for the six month period ended May 31,
2009.


The Company realized a profit of $30,816 ($0.00 per share) for the three month
period ended May 31, 2009 compared to a profit of $549,103 ($0.04 per share) for
the same period in 2008. Funds flow from operations was $187,030 in Q2 2009
($0.01 per share) versus $733,442 ($0.05 per share) in Q2 2008. Oil and gas
revenue less royalties decreased to $619,250 in Q2 2009 from $1,108,264 in Q2
2008, primarily due to lower oil and gas prices. Production sales of petroleum
and natural gas in Q2 2009 averaged 157 barrels of oil equivalent per day
(BOE/day, see footnote below) and realized an average gross price of $48.79/BOE.
This compares to 145 BOE/day in Q2 2008 with an average price of $96.10/BOE, a
decrease of 49% in the average price.


Operating, general and administrative and interest costs increased to $430,778
in Q2 2009 from $373,467 in Q2 2008. This increase resulted primarily from
labour related expenses and higher operating costs. These operating costs
related to various accrued estimates for new wells at Mikwan and actual new
costs for the RamBP#4 well and a reduction in Q2 2008 repairs and maintenance in
the Dover East field.


As a result of an ongoing review of its assets, the Company has initiated an
assessment of some of its properties with the objective of determining their
viability to function as commercial gas storage reservoirs. One of the outcomes
of this review is that the Company has acquired 400 acres of petroleum and
natural gas and storage rights at 100% working interest adjacent to one of its
current producing properties. It is currently reprocessing and interpreting up
to five lines of seismic and plans on shooting an additional three lines to
assist in delineating a larger reef structure.


Copies of the filed documents may be accessed electronically through the SEDAR
website at www.sedar.com.


BOE's may be misleading, particularly if used in isolation. The BOE conversion
ratio of 6 Mcf: 1 bbl used by the Company is based on an energy equivalency
conversion primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

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