Richards Oil & Gas Limited - Announces Appointment of Vice President, Land



    CALGARY, Jan. 2 /CNW/ - Richards Oil & Gas Limited (the "Company"), (TSX
Venture: RIX) announces that Ferdie Artzen has been promoted from Land Manager
to Vice President, Land and an Officer of the Company effective January 1,
2008.
    Mr. Artzen, B.Comm. (Petroleum Land Management) and a B.Sc.(Geology), has
been employed with the Company since May 1, 2006 and has over fifteen years of
Land experience working for large Canadian and United States based oil & gas
exploration and development companies. With increasing levels of land
negotiating responsibilities, Mr. Artzen has worked on land deals throughout
western Canada and the northern United States. In addition to work as an area
Landman, Mr. Artzen has worked in high profile acquisitions & divestitures and
new ventures teams.
    Mr. Artzen has been involved in coal bed methane projects for over
5 years. His extensive background in all aspects of the oil and gas sector
makes him a valuable addition to Richards Oil & Gas Limited's executive team.

    Richards Oil & Gas Limited (www.richardsoilandgas.com) is a Calgary-based
exploration company, involved in the development of crude oil and natural gas,
with an emphasis on the exploitation of coal bed methane (CBM). With a
significant land base and industry-leading experience in the development of
CBM projects, the Company is at the forefront of the CBM industry in
Western Canada. The Company is able to capitalize on opportunities that create
both short-term cash flow and long-term value for its shareholders.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.

    %SEDAR: 00021365E




For further information:

For further information: Brad Turner, President & CEO, Richards Oil &
Gas Limited, Tel: (403) 265-8444, E-Mail: bturner@richardsoilandgas.com; Lonn
Bate, CFO, Richards Oil & Gas Limited, Tel: (403) 265-8444, E-Mail:
lbate@richardsoilandgas.com

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Richards Oil & Gas Limited

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