Sure Energy Inc. announces new natural gas discoveries and operations update



    CALGARY, Sept. 9 /CNW/ - Sure Energy Inc. (SHR, TSX) ("Sure Energy")
("the Company") is pleased to report further natural gas exploration
discoveries and increased production growth to over 450 BOE/d as a result of
the Company's successful drilling and tie-in program. In addition the Company
has over 230 BOE/d of production awaiting tie-in that is expected to be on
stream by the end of October 2008.
    During the summer months Sure Energy drilled three exploration wells
including two in Central Alberta and one in the Peace River Arch. Two of the
three wells have been cased and are being completed as natural gas wells while
the third well was dry and abandoned.
    In Central Alberta, Sure Energy drilled and completed a 100% WI natural
gas discovery that had 5 metres of net pay and tested over 1 MMCF/d with very
low draw down. This well is expected to be tied-in and on production prior to
the end of October. In addition a 100% WI natural gas discovery drilled in the
second quarter has been tied-in and is on production at 1 MMCF/d. In the Peace
River Arch, Sure Energy also drilled and cased an 93.75% WI well that is
currently being completed.
    At Boundary Lake a 25% WI discovery well has been tied-in and is now
ramping up production from a Halfway Natural Gas Pool. In addition Sure Energy
has farmed-out a Montney natural gas prospect that is currently drilling. Sure
Energy will retain a 30% WI in the well at no cost to itself.
    In Redwater, Sure Energy has now received EUB approval for its holding
application, enabling the Company to initiate the horizontal drilling program
for light crude oil on its 100% WI property. The Company expects to spud its
first well by early October and if successful the Company would have over 20
follow-up locations.
    Sure Energy continues to remain in a strong financial position with
$7 million in cash and an $8.5 million undrawn credit facility.

    Sure Energy Inc. is a publicly traded oil and gas exploration and
development company listed on the Toronto Stock Exchange under the symbol
"SHR".

    
    Forward Looking Information
    ---------------------------
    

    Certain statements contained in this release constitute forward-looking
information. These statements relate to future events or Sure Energy's future
performance. The use of any of the words "could", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on Sure Energy's current belief or assumptions as to
the outcome and timing of such future events. Actual future results may differ
materially. In particular, Sure Energy's stated expectation as to when its new
natural gas discovery wells are to be tied in and on production, and its
stated expectation for spudding its oil well in the Redwater area, are
statements containing forward looking information. Sure Energy's annual report
to shareholders and other documents filed with securities regulatory
authorities (accessible through the SEDAR website www.sedar.com) describe the
risks, material assumptions and other factors, such as changes in business
plans and potential delays or changes in plans with respect to development
projects or capital expenditures, that could influence actual results. Sure
Energy disclaims any intention or obligation to publicly update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as may be expressly required by applicable
securities laws.

    %SEDAR: 00024118E




For further information:

For further information: Mr. Lance Wirth, Vice President Finance and
CFO, Mr. Jeff Boyce, President and CEO, Phone: (403) 410-3100, Email:
info@sureenergyinc.com, Web: www.sureenergyinc.com

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