Pacific Stratus Announces Filing of Reserve Summary for 2006



    TORONTO, March 30 /CNW/ - Stratus Energy Ltd. (TSX: PSE) has filed the
Company's 2006 Form 51-101F1 "Statement of Reserves Data and Other Oil and Gas
Information" with Canadian securities authorities and on SEDAR at
www.sedar.com. The report is in compliance with National Instrument 51-101
"Standards of Disclosure for Oil and Gas Activities" and is based upon the
2006 year-end reserve evaluation report prepared by Petrotech Engineering
Ltd., independent petroleum engineering consultants in Burnaby, British
Columbia.
    A summary of the reserves and reserve reconciliation from the final
Statement of Reserve Data and Other Oil and Gas Information is set out below.
The tables below update and supersede the information in the News Release
dated March 28, 2007. The reserves shown are the Company's working interest
share before deducting royalties (Gross) and after deducting royalties (Net).
Royalties vary between 6.4% and 20.0%, depending on total production.

    
                                       Light & Medium           Natural &
                                         Crude Oil            Associated Gas

                                        Gross     Net         Gross      Net
    Reserve Category                    (Mbbl)   (Mbbl)       (Bcf)     (Bcf)
                                        ------   ------       -----     -----
    Proved developed producing         2,907.1   2,325.7       0.0       0.0
    Proved developed non-producing         0.0       0.0     130.5     122.1
    Proved undeveloped                 2,668.2   2,134.6       0.0       0.0
                                      ---------------------------------------
    Proved                             5,575.4   4,460.3     130.5     122.1
    Probable                           2,647.2   2,117.8     508.3     475.7
                                      ---------------------------------------
    Proved plus probable               8,222.6   6,578.1     638.8     597.9
    

    The reserves shown are for comparative purposes only, and are estimates
only. Actual reserves on the company's properties may be greater or less than
those calculated.

    
                                         Product Type

                         Light & Medium                 Natural and
                            Crude Oil                  Associated Gas
                          Gross Reserve                Gross Reserve
                                      Proved +                      Proved +
                    Proved  Probable  Probable    Proved  Probable  Probable
    Description     (Mbbl)   (Mbbl)    (Mbbl)      (Bcf)   (Bcf)     (Bcf)
    -----------     ------  --------  --------    ------  --------  --------
    December 31
     2005 (opening
     balance)        190.0     262.7     452.7       5.8       0.0       5.8
    Extensions and
     improved
     recovery      2,668.2   2,647.2   5,315.4       0.0       0.0       0.0
    Technical
     revisions       (27.2)    (60.6)    (87.8)      0.0       0.0       0.0
    Discoveries        0.0       0.0       0.0     130.5     508.3     638.8
    Acquisitions   3,135.7       0.0   3,135.7       0.0       0.0       0.0
    Dispositions       0.0       0.0       0.0       0.0       0.0       0.0
    Economic
     factors           0.0    (202.1)   (202.1)     (5.8)      0.0      (5.8)
    Production      (391.3)      0.0    (391.3)      0.0       0.0       0.0
                  -----------------------------------------------------------
    December 31
     2006 (closing
     balance)      5,575.4   2,647.2   8,222.6     130.5     508.3     638.8
    

    Under the National Instrument 51-101 guidelines, proved reserves are
reserves that have a 90% chance of being exceeded at the reported level.
Proved reserves, by definition, are conservative. Nine times out of ten actual
reserves will be greater than the proved estimate. Proved plus probable
reserves are defined as those reserves that have a 50% probability of being
exceeded at the reported level. They are the best estimate, or the most
realistic case. It is equally likely that the actual reserves will be higher
or lower than the estimate.

    Pacific Stratus Energy is a Canadian-based oil and gas company that
initiated operations in 2004. The company is focused on identifying attractive
opportunities primarily within the upstream Sub Andean basins. Pacific Stratus
has a current net production of 2,200 barrels of oil per day, with working
interests in the Caguan, Dindal, Rio Seco, Puli B, Doima (currently under
dispute), La Creciente, Moriche and Guama blocks in Colombia. The company has
offices in Toronto, Caracas and Bogota. Further information is available on
our website at www.pacificstratus.com

    This press release may contain forward-looking statements based on
assumptions, uncertainties and management's best estimates of future events.
Actual results may differ materially from those currently anticipated.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties. Important factors that could cause actual results to differ
materially from those expressed or implied by such forward looking statements
are detailed from time to time in the company's periodic reports filed with
the British Columbia Securities Commission and other regulatory authorities.
The company has no intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

    %SEDAR: 00008913E




For further information:

For further information: Manfred Kruger, Vice President - Investor
Relations, (416) 362-7735, mkruger@pacificstratus.com

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Pacific Stratus Energy Corp.

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