Offshore staff

CALGARY, Canada -- Cirrus Energy Corp. subsidiary, Cirrus Energy Nederland B.V., has closed an agreement with Wintershall Noordzee B.V. to acquire its operated interest in the L8-D field, which comprise 40% of the L8a license and 25% of the L8b license offshore The Netherlands.

The L8-D field was discovered by well L8-16x in 2004. The well was drillstem tested at rates up 16.1 MMcf/day of gas from a Rotliegend sandstone reservoir at a depth of 3,850 m (12,631 ft). The field lies in 30 m (98 ft) water depth.

Further appraisal of the discovery is required before the extent of the field can be established. Appraisal results will determine whether development is commercially viable.

7/26/2007

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