\nOILSANDS QUEST INC.
\n Wednesday, March 10, 2010
\nOilsands Quest Inc. announced third quarter operational updates. Highlights include: evaluating the potential to develop its Axe Lake oil sands discovery in northwestern Saskatchewan using typical steam-assisted gravity drainage technology, completed a nine hole exploration drilling program on lands in the southwest corner of the Wallace Creek lease.
Property: AXE LAKE (PS00208 & PS00210) and WALLACE CREEK OIL SANDS
(Complete Text of Mar 10, 2010 News Release)

\nPENGROWTH ENERGY TRUST
\n Tuesday, March 09, 2010
\nPengrowth Energy announced the full year audited operating and financial results for the year ended December 31, 2009. The company spent 38% of operating cash flow on capital projects which replaced 36% of production. Daily production for 2009 averaged 79,518 barrels of oil equivalent (boe) per day, a three% decrease in 2009 average production compared to 2008. The primary reason for the decrease was a 48% reduction in development capital expenditures in 2009 versus 2008.
(Complete Text of Mar 8, 2010 News Release)

\nPENGROWTH ENERGY TRUST
\n Tuesday, March 09, 2010
\nPengrowth announced its 2009 year end reserves information. On a proved plus probable basis total reserves decreased from 323.5 million barrels of oil equivalent (mmboe) in 2008 to 295.7 mmboe in 2009. The key factors for this decline were a 48 percent reduction in development capital expenditures in 2009 versus 2008, and a prudent capital budget that only represented 38 percent of operating cash flow.
(Complete Text of Mar 8, 2010 News Release)