Source Begins Gas Production of 1.7 Million Cubic Feet/Day at Woking, Alberta



    CALGARY, Alberta, June 4 /CNW/ -- Source Petroleum Inc. (OTC Bulletin
Board:  SOPO) ("Source Petroleum" or the "Company") is pleased to announce
that production tie in for its gas discovery at Woking, Alberta has been
completed and is currently producing gas in excess of 1.7 mmcf/day.
    Expected production from this well was estimated at an initial rate of
500-1000 mcf/day with NGLs of approximately 20 bbl/mmcf.  Source Petroleum is
very pleased to announce that production from the first Woking well has
exceeded company expectations by well over 700 mcf/day.
    Source Petroleum's Woking property is a high impact gas play
approximately 17 miles east of the Saddle Hills discovery, which has produced
over 41 bcf (billion cubic feet) of gas from 4 wells since 2002.
    The property is anticipated to potentially contain up to 40 - 50 bcf of
potential gas reserves from multi zones and in close proximity to existing
infrastructure.
    Source Petroleum is very pleased to have achieved early success on this
project and expects to aggressively pursue further drilling in the discovery
fairway.
    This production will ensure steady long term cash flow for the Company
moving forward with tremendous drilling and production upside as well.
    Source Petroleum holds a 37.5% interest in the Woking discovery.

    Except for the historical and present factual information contained
herein, the matters set forth in this release include statements of
management's current expectations. Statements identified by words such as
"expects," "projects," "plans," "believes," "estimates," "may" and similar
expressions are forward-looking statements within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements, include the statements that expected
production from the first well on the Company's Woking property was estimated
at an initial rate of 500-1000 mcf/day with NGLs of approximately 20 bbl/mmcf;
the Woking property is anticipated to potentially contain up to 40 - 50 bcf of
potential gas reserves from multi zones and in close proximity to existing
infrastructure; the Company expects to aggressively pursue further drilling in
the discovery fairway, are all subject to risks and uncertainties that may
cause actual results to differ materially, including the possibility that the
data may be inaccurate or misinterpreted, and the anticipated benefits from
our operations cannot be fully realized, and other risk factors all as
detailed from time to time in the company's reports filed with the SEC. Source
Petroleum disclaims any responsibility to update these forward-looking
statements.

    Contact:

    
    Sam Charanek, President and CEO
    Source Petroleum Inc.
    620, 304 8th Ave SW.
    Calgary AB. T2P-1C1
    IR INQUIRIES: Toll free 866 913 SOPO (7676)
    EMAIL: scharanek@source-petroleum.com

    




For further information:

For further information: Sam Charanek, President and CEO of Source 
Petroleum Inc., 1-866-913-7676, scharanek@source-petroleum.com Web Site:
http://www.source-petroleum.com

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SOURCE PETROLEUM INC.

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