PEC Prometheus Regs

Prometheus Energy Company (�Prometheus�), an alternative and renewable energy company, announces its Landfill Gas (�LFG�) to Liquefied Natural Gas (�LNG�) production facility located at the Frank R. Bowerman Landfill in Irvine, California, has met and exceeded design capacity targets. The plant is currently running at over 70 percent of the design capacity of 5,000 gallons per day, and has exceeded design capacity for a number of periods. The Company restarted the facility on December 8, 2007 following a planned outage to install certain new processing equipment to improve the drying and cleaning of LFG to the stringent purity levels required for liquefaction. The plant is operating consistently, with brief interruptions for continued tuning of the control system and related mechanical and process adjustments. The plant has produced LNG in 75% of all available production hours since re-start, and has been in continuous production for up to 140 hours at a stretch. By the weekend, approximately thirty thousand gallons of LNG will have been delivered since mid December. With continued tuning of the control system and refining of operational procedures, the Company expects net LNG yields consistently to deliver design capacity and is working through a planned programme to achieve that objective. Kirt Montague, Prometheus� CEO, said: �We are delighted that the modifications are complete and have had the desired effect. In just over three-weeks of production since re-starting the facility, we have demonstrated the plant�s capability for both continuous production and design level output and we are encouraged by the implications this has for the plant�s ability to deliver increased commercial volumes of LNG over 2008.� This press release does not constitute an offer for the sale of securities in the United States. Prometheus� securities are restricted under US securities laws and may not be offered or sold in the United States absent a registration statement or a valid exemption from registration. Notes to Editors Prometheus Energy Company (�Prometheus�) is headquartered in Seattle, Washington. Prometheus is a global alternative and renewable fuel company focused on the idea of Enlightened Energy�, where sustainable and cleaner fuel in the form of liquid natural gas (�LNG�) is made from waste sources of methane produced close to where it will be used. The Company is an emerging leader in integrating small-scale purification and liquefaction systems to produce LNG from sources including landfill gas, stranded gas wells and coalbed/coalmine methane. For more information concerning Prometheus please contact us at (206) 267-0800 or at Info@Prometheus-Energy.com