Natural Gas Partners VIII, L.P. Reports Under National Instrument 62-103


    CALGARY, Aug. 27 /CNW/ - Pursuant to National Instrument 62-103, Natural
Gas Partners VIII, L.P. ("NGP") announces the completion of its offer to
acquire 1,900,000 common shares in Spry Energy Ltd. (the "Corporation"). NGP
obtained, as a result of a private placement, ownership of and control over
1,026,356 common shares of the Corporation at a price of $5.30 per common
share, and as a result of a secondary acquisition, ownership of and control
over an additional 873,644 common shares of the Corporation at a price of
$5.15 per common share. As a result of these transactions (the
"Acquisitions"), NGP's current ownership represents approximately 12.8% (on an
undiluted basis) of the Corporation's outstanding common shares as at the date
of this release. The Acquisitions were made for investment purposes only and
not with the purpose of influencing the control or direction of the
    Founded in 1988, Natural Gas Partners is an affiliate of NGP Energy
Capital Management, a $5 billion firm based in Irving, Texas that invests in
all sectors of the energy industry.

    This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in any jurisdiction. The securities
offered have and will not be registered under the United States Securities Act
of 1933, as amended (the "U.S. Securities Act") or any states securities laws
and may not be offered or sold within the United States except in certain
transactions exempt from the registration requirements of the U.S. Securities
Act and applicable states securities laws.

For further information:

For further information: Ken Bowie, President & CEO, Spry Energy Ltd.,
500, 101 - 6th Avenue S.W., Calgary, Alberta, T2P 3P4, Phone: (403) 265-7770,
Fax: (403) 265-7010, (213) 830-6484

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