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From: LoneClone	8/28/2009 5:56:36 PM
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Here come the ng shutins... ProspEx Resources Ltd. Provides Operational Update Thu Aug 27, 5:47 PM ca.news.finance.yahoo.com CALGARY, Aug. 27 /CNW/ - ProspEx Resources Ltd. ("ProspEx" or the "Company") is announcing an update to the Company's operations. With the continued weakness in the natural gas markets, the Company today is announcing that it is shutting-in an additional 600 barrels of oil equivalent ("boe") per day of production over the 500 boe per day previously announced in the Company's second quarter press release. The total curtailment of 1,100 boe per day represents 42% of the Company's current total net production capacity of 2,600 boe per day. The production is to be curtailed until natural gas prices improve and it is anticipated that this curtailment will last at least until November 1, 2009. ProspEx intends to maintain production in its core operating areas of Kakwa in the Deep Basin and Ricinus and Harmattan in West Central Alberta, with the majority of its production outside of these areas curtailed until natural gas prices improve. The Company believes that curtailing this production until prices improve will better maximize shareholder value. [continued]

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