Prince Arthur Eze and Atlas Petroleum International Offer 2.2 Billion Barrels of Resource Potential in the Offshore Niger Delta

Prince Arthur Eze and Atlas Petroleum International Offer 2.2 Billion Barrels of Resource Potential in the Offshore Niger Delta

October 29, 2007

    HOUSTON and LAGOS, Nigeria, Oct. 29 /Xinhua-PRNewswire/
-- Atlas Petroleum International Ltd, and partner Summit Oil
and Gas Worldwide are evaluating the sale of up to 40
percent of the working interest in Block OML 109, located
just 12 miles offshore in the shallow waters of the Niger
Delta.

    "Following on the heels of our recent success with
Noble Energy on Block I in Equatorial Guinea, we believe now
is the time to explore opportunities with prospective new
partners in this as yet under-explored block, OML
109," said Prince Arthur Eze, owner and chairman of
Atlas Petroleum International Ltd.

    Recently a complete review of OML 109 was conducted and
the results revealed an exploration potential of 2.2 billion
barrels of oil in the under-explored block. 

    Encompassing 191,000 acres or 773 square kilometers,
the OML 109 block has only been addressed with three
exploration wells in its entire history, the first in 1966.
 Extensive oil and gas infrastructure exists in and around
the block including that of the Ejulebe Field currently
producing 1,300 barrels of oil a day with remaining 2P
reserves of 6.4 million barrels.  OML 109 is adjacent to
Chevron's Sonam discovery and near such noteworthy fields
as Okan and Mefa. 

    Prince Eze and Summit Oil and Gas Worldwide are working
with Simco in London and Bunker Hill in Houston in
discussions with investors.

    Atlas Petroleum International Ltd is a privately owned,
independent Nigerian oil company.  Launched more than 10
years ago by its owner and chairman, the Nigerian
entrepreneur Prince Arthur Eze, the company has oil and gas
interest throughout West Africa, including Equatorial
Guinea, the Ivory Coast and Nigeria.



    For more information, please contact:

     Tricia Coghlan
     Richards Carlberg
     Tel:   [phone]
     Email: [e-mail]

     Mack Fowler
     Bunker Hill Associates
     Tel:   [phone]
     Email: [e-mail]