Petrosearch Energy Corporation (PTSG: 0TC)

Exploiting Overlooked Oil & Gas Opportunities in the Lower 48 States

Trading Symbol:	(OTCBB: PTSG)
Holdings:	18.9%
Institutional Holders:	34 %
Shares Outstanding:	31.8 million
Public Float:	19.2 million shares

Petrosearch is a Houston-based oil and gas company dedicated to exploiting overlooked oil and gas opportunities in the lower 48 states, engaging in exploration, development and re-development projects.

Top Ten 2005 Highlights

Began implementation of new strategic plan designed to maximize Net Asset Value
In April, 2005 completed $12.6 million of private equity placements to support exploration and development projects and other corporate requirements
Completed re-staffing of senior management and operations team
Sold a 420-acre leasehold in the Blue Ridge Dome Field in Fort Bend County, Texas for $2.140 million ($30.16 per proved BOE), freeing up capital for redeployment in exploration projects
Registration of common stock with SEC became effective, thereby making us a fully reporting public company
Purchased an additional 21.25% working interest in the Gruman 18-1 Lodgepole Reef well in North Dakota for $6.67 per proved BOE
Improved a 10 million credit facility with a financial institution, extending the facility on more favorable terms to support company's program through 2006 and beyond
Began completion of an oil well in the Rodney Island Field in Tensas Parish, Louisiana - potential for 5 additional wells, with estimated total recoverable reserves in the field of 1,400,000 barrels of oil and 800 million cubic feet of natural gas. Petrosearch has a 25% working interest in the lease and is the operator
Acquired a 100% working interest in 1,780 acres in the Quinduno Field in Roberts County, Texas, in the Anadarko Basin, representing proved reserves estimated by Ryder Scott at 2.59 million barrels of oil and 1.4 billion cubic feet of gas with a PV-10 value of $45.5 MM. Purchase price equated to $3.37 per proved BOE. As operator, company intends to extract the reserves through conventional waterflood technology, with the project expected to begin within 6 months
Started trading on the OTCBB on November 30, 2005

Corporate Profile

Formed by a seasoned team of oil and gas professionals to attract independent professionals who bring their best prospects and exploitation projects to the company with Petrosearch supplying the business resources - capital and the technical/administrative infrastructure - to implement the projects. In addition, Petrosearch participates as a drilling partner with firms that have projects of high quality and will consider acquisition of producing properties that have potential for further development.

Petrosearch employs a highly disciplined process of technical review and evaluation, usually with multi-party input; a sophisticated risk/reward analysis and ranking methodology; and a portfolio of capital sources from which it can deploy different sets of resources depending upon project risk profiles.

Market Overview

Since the major oil companies moved their operations and exploration programs overseas, the U.S oil production industry has been comprised of mostly small, independent producers. These small players often lack the financing they need to effectively develop meaningful reserves. The result is that while worldwide demand for oil is increasing dramatically and market prices are rising to peak levels, domestic production is basically flat.

The problem is not a lack of oil in this country, according to Petrosearch, but a lack of geological expertise and financing on the part of the small independent producers. Petrosearch believes there are thousands of old, but still potentially profitable oil and gas prospects in the U.S. waiting to be exploited. By attracting oil and gas professionals who know of these opportunities and providing them with resources, Petrosearch continues to experience a constant flow of drilling prospects while most oil and gas companies are struggling to find places to drill. Exploiting its unique model, Petrosearch plans to continue to help regenerate the U.S. oil industry while building value for its shareholders.

Current Projects

Currently active in the Gulf Coast, the Rocky Mountains and the Mid-Continent regions, the Company has established production in North Dakota, Louisiana, Mississippi, Texas, and Oklahoma.

Principal projects include:

A planned Q1 '06 spud date of an increased density well in Stark County, North Dakota
Exploitation of a water flood project in Roberts County, Texas
Completion of a well in Rodney Island, Mississippi
Exploration for natural gas in the Wilcox formation in Colorado County, Texas, which has resulted in a well currently online and producing and another being completed
Completion of a Hosston gas test in Jefferson County, Mississippi
6 other current projects budgeted for commencement in 2006

In just two years, the company has established total SEC PV-10 of proved reserves in excess of $78 million as of 9/30/05 (including the Quinduno Field property acquired on 11/15/05) with total proved reserves of 2.8 million barrels of oil equivalent. In addition, Total Probable and Possible reserves add approximately another 20 million barrels of oil equivalent.

Management

Richard Dole, President/CEO
Mr. Dole joined us as a Director in July 2004, and assumed the positions of Chairman, President and CEO upon completion of the Merger. Mr. Dole previously served as Vice President and Chief Financial Officer for Burlington Resources International from 1998 to 2000. Since that time he has been active in consulting and financial services. Mr. Dole's extensive industry experience includes being National Partner-in-Charge of Business Process Solutions at KPMG. Prior to that he was with Coopers & Lybrand (now PriceWaterhouse Coopers) where he served as Assurance and Business Advisory Partner for nearly 20 years and also served in numerous senior management roles, including National Chairman for the Energy and Natural Resources Industry practices for over 15 years and as the Vice Chairman for the U.S. Process Management business unit. From August 2003 to July 2004, Mr. Dole was also a member of the Board of Directors of Westport Resources Corporation (NYSE: WRC), a member of its audit committee and a designated financial expert. Mr. Dole is a member of the board of Directors of Double Eagle Petroleum (NASDAQ-NMS: DBLE). Mr. Dole graduated from Colorado State University.

Wayne Beninger, Chief Operating Officer
Mr. Beninger joined Petrosearch as Chief Operating Officer in May 2005. Prior to May 2005, Mr. Beninger served as President of Southwest Oil & Gas Management, Inc. ("SOGMI") which he founded in 1997 to provide oil and gas property evaluation services, geologic prospect review, contract operating services, technical support for initial public offerings and strategic planning solutions for domestic and international projects. SOGMI has provided a significant amount of our engineering and geological services for all projects. From 1995 to 1997, Mr. Beninger was the Vice President for Strategic Planning with WRT Energy Corporation. From 1995 to 1997, Mr. Beninger was the Vice President for Strategic Planning with WRT Energy Corporation. From 1982 to 1995 he was first employed by, and then was a partner in, The Scotia Group, a domestic and international consulting firm where he provided petroleum engineering and geological services for companies and projects in the majority of active petroleum basins in both the U.S. and overseas. He has been active in the oil and gas industry since 1976. Mr. Beninger holds undergraduate degrees in both petroleum engineering and geology from the University of Southern California and has a number of industry publications to his credit. He is a member of the Society of Petroleum Engineers, Pi Epsilon Tau (petroleum engineering honorary fraternity) and Sigma Gamma Epsilon (geologic honorary fraternity).

David Collins, Vice President, Chief Financial Officer
Mr. Collins joined Petrosearch as a Vice President and the Chief Financial Officer in October 2003. Previously, he served as the Controller of Kazi Management VI, LLC, a diversified investment and management organization actively involved in energy, retail food chains, aquaculture and biotechnology from February 2002 to October 2003. At Kazi Management VI, he was responsible for the financial operations of multiple accounting offices across the United States, as well as fourteen international and domestic Companies. Mr. Collins was also the Chief Financial Officer of ZK Petroleum, an independent oil producer in South Texas. Prior to Kazi Management VI, he served as an independent analyst for The March Group in St. Thomas, U.S.V.I. from February 2001 to January 2002. Mr. Collins previously held the position of Chief Financial Officer of Federation Logistics, LLC in the New York metropolitan area from November 1994 to January 2001. Mr. Collins graduated from Villanova University in 1990 with a Bachelor’s degree in Accountancy. He became a Certified Public Accountant and began his career in the Financial Services Division of Ernst and Young in New York City. At Ernst and Young, he performed audits of Fortune 500 Companies.

Eric D. Brown, Vice President of Finance
Mr. Brown joined Petrosearch in March 2004 as a consultant and became Vice President of Finance on January 1, 2005. Previously, he served as vice president and national sales manager of GE Capital Public Finance Inc. ("GECPF"), a subsidiary of the General Electric Company ("GE"). While at GE, beginning in March 1997, Mr. Brown was responsible for strategic direction, creation of new financing vehicles, deal structuring, implementation and management of the corporate finance arm of GECPF. Before joining GE, he served as Managing Director of the Massachusetts Industrial Finance Agency and previously worked for various financial institutions in New York City doing structured and corporate finance. Mr. Brown holds degrees in Economics and French from Bowdoin College in Brunswick, Maine.

Corporate Headhquarters

Greg Noble, Investor Relations

Petrosearch Energy Corporation
675 Bering Drive, Suite 200
Houston, Texas 77057
Telephone - 713.961.9337
Fax - 713.961.9338