Ridgeway Petroleum appoints Chief Financial Officer



    Listed: TSX Venture Exchange (Symbol: RGW)

    HOUSTON, March 1 /CNW/ - The Board of Directors of Ridgeway Petroleum
Corp. (the "Company") is pleased to announce that the Company has appointed
W. Kyle Willis as Vice President, Treasurer and Chief Financial Officer of
Ridgeway Petroleum Corp. and its subsidiaries.
    Mr. Willis has over 30 years of financial executive experience with
companies engaged in oil and gas exploration, oilfield service and oilfield
equipment manufacturing, principally in the US and Canada. Mr. Willis has
served as chief financial officer of four public companies listed on exchanges
in the US and Canada. Prior to joining Ridgeway, Mr. Willis was Vice President
Finance for two years with Gulf Energy Management Company, a subsidiary of
Harken Energy Corp. engaged in oil and gas exploration in the United States.
From 2001 through 2004, Mr. Willis was Vice President and Chief Financial
Officer of TransAtlantic Petroleum Corp., an oil and gas exploration company
with operations in the US, Nigeria and Egypt. Mr. Willis served as Vice
President of DrillTube International, Inc., a drill pipe manufacturing company
and subsidiary of Weatherford International from 1997 until 2002. From 1992
through 1996, Mr. Willis was Executive Vice President, Chief Financial Officer
and Director of Buttes Resources, Inc., with exploration activities in the US
and Canada, agriculture activities in California and providing offshore
drilling services in the Gulf of Mexico.
    Mr. Willis holds a Bachelor of Business Administration in Accounting from
Texas A&M University and is a Certified Public Accountant licensed in the
State of Texas.
    Ridgeway's President and CEO Mr. Barry Lasker reports "The Company is
very pleased to have Kyle join the team at Ridgeway. Kyle's experience in the
oil and gas industry and his knowledge of accounting, financial and corporate
governance will greatly help the Company as it executes its plan to become one
of the largest enhanced oil recovery (EOR) resource companies in the Country."

    Ridgeway Petroleum is a development stage, enhanced oil recovery (EOR),
company that controls approximately 200,000 acres of land within the St Johns
Helium/CO2 field in Arizona and New Mexico where the Company is developing
what is thought to be the largest undeveloped resource of helium and carbon
dioxide gases in North America. Independent engineering firms have estimated
that the St Johns field contains approximately 15 trillion cubic feet of in
place resources, with a potential recoverable resource of 5 trillion cubic
feet. Development of the project could result in the Company becoming one of
North America's largest CO2 suppliers and EOR producers. The Company's
strategic focus for CO2 delivery and EOR production is the Permian Basin where
significant potential exists for enhanced oil recovery from mature, depleted
oil fields.

    ON BEHALF OF THE BOARD OF DIRECTORS

    (signed)

    Barry D Lasker, CEO

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    %SEDAR: 00004538E




For further information:

For further information: visit our Website at
www.ridgewaypetroleum.com., or Retail Investors please call Don Currie on
1-888-990-3551; Institutional Investors please call Jonathan Buick at The
Buick Group on 1-877-748-0914 or email jbuick@buickgroup.com

Organization Profile

RIDGEWAY PETROLEUM CORP.

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