ARENAL ENERGY CORPORATION SEEKS PERMIAN BASIN OIL OPPORTUNITIES

SCOTTSDALE, AZ, May 24, 2011 — Arenal Energy Corporation, an independent exploration, development and production company that focuses on acquiring existing onshore low-producing wells and using modern enhanced oil recovery techniques to maximize oil and gas production revenues, announced today that it is seeking oil reclamation and production opportunities in Texas’ Permian Basin and Mid-Continent Oil Field.

The Company can move quickly to analyze and acquire undervalued producing oil and gas properties. Oil and gas leaseholders, prospective joint venture partners and operators can submit proposals to the Company at info@arenalenergy.com.

Recent reports by Goldman Sachs, J.P. Morgan and Morgan Stanley predict that oil prices will almost certainly be higher later this year, with Goldman Sachs expecting benchmark oil to hit $135 per barrel by the end of 2012. The investment banks said the recent 15 percent drop in benchmark crude was only a brief pause in what will likely be a long-term rise to near-record levels. British business leaders recently warned that the world faces an oil supply crunch within the next five years. The rate at which oil is produced risks hitting a peak by 2015, they predicted, sparking a surge in crude prices.

Stimulating domestic oil production has become essential to the United States’ national security. The U.S. has the ability and resources to become completely independent of foreign oil, with an estimated 163 billion barrels of oil still in the ground, according to the Congressional Research Service. That much oil would sustain domestic production for over 50 years.

Up to 80% of existing oil reserves are not recovered through primary production from oil wells. In order to extract peak production from marginal oil wells, new Enhanced Oil Recovery (“EOR”) methods have been developed which dramatically reduce the adverse environmental impacts which accompany conventional oil and gas recovery methods. Advances include the use of all-natural, biodegradable micro-particles to separate oil and natural gas from a rock formation's surface, accelerating the recovery of oil and natural gas reservoirs; the use of non-toxic bacterial treatment programs that remove paraffin accumulations and inhibit corrosion; and the use of temperature based systems (steaming and freezing) to mimic natural processes which open fissures in rock formations and increase oil and gas production.

Safe Harbor Statement
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995, including statements regarding the completion, reworking, treatment and testing of oil and gas wells; estimates and predictions of future oil market prices and supplies; and speculation regarding future oil production and world events which influence the price of oil and natural gas. When used in this press release, references to predictions, estimates and expectations, as well as similar expressions, identify such forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from predictions, expectations or forecasted results. Factors that could cause or contribute to such differences include, but are not limited to the value of crude oil and natural gas; domestic and global economic factors; or the performance of specific oil and gas wells.

Contact:
Arenal Energy Corporation
Tel: 888.713.7730
info@arenalenergy.com
SOURCE: Arenal Energy Corporation

About Arenal Energy Corporation
We are a junior oil and gas company engaged in development, rehabilitation and production activities. Headquartered in Scottsdale, Arizona, our management team has over 40 years' combined experience in oil and gas development and construction management.

Utilizing a low-risk strategy of “exploit instead of explore”, we concentrate our operations in areas with proven reserves and production history with a primary focus on acquiring and re-working undervalued oil properties, specifically marginal oil wells that have been abandoned, shut-in, or are underperforming. As oil prices rise and new supplemental recovery techniques are perfected, these wells have become an opportunity for reentry and production restoration.

8707 E. Vista Bonita Dr.
Suite 240
Scottsdale, AZ 85255
Tel: 888.713.7730

This release was published on openPR.