VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2011) - Petra Petroleum Inc. (the "Company") (TSX VENTURE:PTL) announces that in accordance with Part 2 of Canadian National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, it has filed its reserves data and other oil and gas information for the year ended August 31, 2010. Copies may be obtained at www.sedar.com or by contacting the Company.

ON BEHALF OF PETRA PETROLEUM INC.

"Michael Atkinson" 
President and Chief Executive Officer

Contact Information: Petra Petroleum Inc.
Michael Atkinson
(604) 689-1428