Hercules Offshore, Inc. Announces Fourth-Quarter and Full Year 2007 Release Date and Conference Call Information and Enterra Energy Trust Announces Extension of Credit Facilities to December 18, 2007

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City of Industry, CA --(www.USEquityNews.com)-- 12/13/2007 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Hercules Offshore, Inc. (NASDAQ: HERO) announced today that it has scheduled a conference call to discuss its fourth-quarter 2007 and full year financial results on January 31, 2008. The call will take place at 10:00 a.m. CST (11:00 a.m. EST). The financial results are scheduled to be released publicly prior to market opening in the United States on that same day.


MegaWest Energy Corp., an independent oil and gas company (OTCBB: MGWSF), specializing in non-conventional oil and gas projects with a focus on North American heavy oil, today announced that GLJ Petroleum Consultants, has completed an independent engineering report of the reserves and resources associated with certain of its key projects. The combined GLJ and Management high estimate of combined recoverable Reserves, Contingent Resource and Prospective Resource is 332 million barrels out of a high estimate of Gross Original Resource of over 2 Billion barrels. GLJ has independently estimated the oil reserves and resources attributable to MegaWest's interests in its Chetopa Kansas Project, the Upper Warner Sand at its Deerfield Missouri Project and the Big Clifty Sand at its Kentucky Reserves Project, encompassing only 43,982 of the total 111,514 mineral acres leased by MegaWest

Enterra Energy Trust (NYSE: ENT) announces that the maturity date for its credit arrangements has been extended, subject to formal documentation, from December 11, 2007 to December 18, 2007. Enterra is in active discussion with its lenders and believes that the one week extension should provide sufficient time for the negotiation and finalization of longer term arrangements with Enterra's lenders. Enterra's management made a comprehensive presentation regarding its go-forward business plan to the lenders' syndicate on December 4, 2007.

Pioneer Drilling Company (AMEX: PDC) today announced that its Board of Directors approved a change of its fiscal year-end from March 31 to December 31. This change was implemented to align the Company's U.S. reporting period with the required Colombian statutory reporting period as well as the reporting periods of its peer companies. The change will be effective for the current fiscal year, which will represent a 9-month period from April 1, 2007 through December 31, 2007.

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