SXS

Solimar Energy Limited ("Solimar" or "the Company") (ASX:SGY)(TSX VENTURE:SXS)
is pleased to announce that the Kreyenhagen Ranch 8-33 well (K 8-33) was
successfully drilled and reached TD at 1,590 feet measured depth on September
21st. The well was directionally drilled up to a 48-degree angle, logged and
cased. Preliminary analysis indicates that approximately 900 feet gross measured
depth of the Temblor Sand Formation was encountered. 


Forward plans are to move in a completion rig in due course to perforate and
production test both K 8-33 and the previously drilled K 2-33 to obtain fluid
samples for use in detailed log analysis and reservoir modeling.


Neither 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.


Reader Advisory: Forward-looking statements

This news release contains forward-looking information relating to the planned
development and exploration activities on the properties in which the Company
has interests, and other statements that are not historical facts. 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. While
the Company considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks associated with the instability
of the economic environments in which the Company operates or owns interests,
oil and gas exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, imprecision of reserve estimates, environmental risks, competition
from other producers, inability to retain drilling rigs and other services,
incorrect assessment of the value of acquisitions, failure to realize the
anticipated benefits of acquisitions, delays resulting from or inability to
obtain required regulatory approvals and ability to access sufficient capital
from internal and external sources, reliance on key personnel, regulatory risks
and delays, including risks relating to the acquisition of necessary licenses
and permits, environmental risks and insurance risks. 


You should not place undue importance on forward-looking information and should
not rely upon this information as of any other 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.


ABN 42 112 256 649

FOR FURTHER INFORMATION PLEASE CONTACT: 
Solimar Energy Limited
Jason Bednar
Director
+1 805 643 4100 or (03) 9347 2409
www.solimarenergy.com.au

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