Schedule Change for Petrol Oil and Gas, Inc. Presentation at IPAA Annual Small Cap Oil & Gas Investment Symposium (OGIS) on February 8th

Schedule Change for Petrol Oil and Gas, Inc. Presentation at IPAA Annual Small Cap Oil & Gas Investment Symposium (OGIS) on February 8th

Petrol Oil and Gas, Inc., an independent energy exploration and development company with properties in Kansas and Missouri, today announced a scheduling change regarding the presentation by its President and CEO, Paul Branagan, before the Independent Petroleum Association of America (IPAA) Oil and Gas Investment Symposium (OGIS) for small cap companies that is being held February 6-8, 2007 in Boca Raton, Florida.

Mr. Branagan is now scheduled to address the conference at 9:45 am EST on Thursday, February 8, 2007. Petrol’s address and accompanying slide presentation will provide a company update and guidance for 2007. The presentation will be broadcast “live” over the Internet and is expected to last approximately 20 minutes. The “live” Webcast can be accessed through the IPAA Web site at or at

About Petrol Oil and Gas, Inc.

Petrol Oil and Gas, Inc. is an independent energy exploration and development company currently involved in the development of natural gas from leases encompassing over 160,000 gross acres in Kansas and Missouri. Its common stock is traded on the OTC Bulletin Board under the symbol “POIG”.

Forward-Looking Statement: The statements in this press release regarding the information to be provided in the presentation at the IPAA Symposium regarding past performance, leased acreage, Petrol’s continued drilling efforts, allocation of funds for field development, Petrol’s ability to continue to expand its reserves, actual and anticipated market conditions, actual time for Mr. Branagan’s presentation, any implied or perceived benefits from Petrol’s CBM assets, and any other effects resulting from any of the above are forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, the continued production of gas at historical rates, costs of operations, delays, and any other difficulties related to producing minerals such as oil or gas, continued maintenance of Petrol’s producing properties, price of oil or gas, marketing and sales of produced minerals, risks and effects of legal and administrative proceedings and governmental regulation, future financial and operational results, competition, general economic conditions, and the ability to manage and continue growth.

Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact: Petrol Oil and Gas, Inc. Investor Information, 702-454-7318 or RJ Falkner & Company, Inc., Investor Relations Counsel

(800) 377-9893 or via email at

Source: Petrol Oil and Gas, Inc.

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