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October 2, 2008   Brunei 3D Seismic Acquisition Underway
August 28, 2008   Second Quarter Financial Statements and MD&A & Update
July 18, 2008   Santana Well Spuds in Colombia
June 16, 2008   Colombia –Delta-1 Well Tests Oil
April 25, 2008   Statement of Reserves Data and Other Oil and Gas Information Form 51-101 F1
April 23, 2008   Year End Financial Statements and MD&A for December 31, 2007
April 2, 2008   Colombia – Update on Delta-1 Well
February 26, 2008   Option Exercised on Brunei Block L
February 13, 2008   Loon et al Case Colombia Well – Testing to Follow
February 11, 2008   Loon Awards Contract for Brunei 3D Seismic
December 6, 2007   Colombia – Kristie #1 Abandoned
December 5, 2007   Loon Issues Options
December 3, 2007   Syria Contract Becomes Effective
November 30, 2007   Settlement of Brunei Block L Disputes
November 29, 2007   Third Quarter Active for Loon
November 5, 2007   Colombia Drilling Starts
October 29, 2007   CEPSA and LOON Energy Inc. announce the signature of an Agreement for the assignment of an interest in Block 127 in Peru
October 25, 2007   Loon Adds to Board of Directors & Management
October 16, 2007   Loon Issues Options
October 6, 2007   Loon Abandons Well in Tunisia
September 20, 2007   Loon Signs Production Sharing Contract – Syrian Arab Republic
September 7, 2007   Loon Provides Update on Operations in Tunisia
August 30, 2007   Loon Second Quarter Financial Statements and MD&A
August 22, 2007   Loon Signs Exploration License Contract for Block 127 in Peru
August 7, 2007   Loon Participates in Tunisia Well
August 7, 2007   Judgment of UK Court - Brunei Block L
July 13, 2007   Loon Closes $25,000,000 Private Placement
June 28, 2007   Loon Amends Q2 and Q3 2006 Quarterly Filings
June 26, 2007   ANNUAL MEETING
The annual and special general meeting of shareholders will be held at the Calgary Petroleum Club, 319-5th Avenue S.W., Calgary, Alberta on Wednesday, June 27, 2007 at 3:00 PM. All shareholders and potential investors are invited to attend.
May 2, 2007   Loon Appoints Chief Financial Officer, Releases Audited Financial Statements, Summarizes 2006 activity and 2007 progress
April 30, 2007   Reserves Information Disclosure
April 24, 2007   Loon Signs Option Agreement for Brunei Block L
April 24, 2007   Status of Brunei Block L
April 10, 2007   Loon Engages IR Firm
September 11, 2006   Normal Course Issuer Bid
August 28, 2006   Loon Signs Contract Area in Brunei
June 2, 2006   Proprietary Industries and Loon Energy Announce Governmentla Approval for Acquisition of Oil and Gas Interests in Pakistan
June 1, 2006   Syria Awards 3,900 Square Mile Block to Loon
April 18, 2006   Proprietary Industries, Loon Energy and Nemmoco Petroleum Enter Into Agreement Regarding Oil and Gas Interests in Asia
March 16, 2006   Update on Brunei & Colombia Activity
February 17, 2006   Loon Appoints Officers & New Director
February 16, 2006   Loon Issues Options
February 7, 2006   Loon Awarded Contract Area in Brunei
December 2, 2005   Aleli-D1 Drilling Update
November 23, 2005   Aleli-D1 Drilling Update
November 16, 2005   Aleli-D1 Drilling Update
October 4, 2005   Update on Aleli Deep Test in Colombia
September 21, 2005   Loon Spuds Aleli Deep Test in Colombia
September 19, 2005   Loon Drills Gas Well in Colombia
August 29, 2005   Start of Drilling In Colombia
July 27, 2005   Program Update — Colombia
May 30, 2005   New Annual Meeting Location & Time
April 13, 2005   Loon Updates Drilling Plans For Colombia
March 31, 2005   Loon Closes $20,000,000 Bought-Deal Private Placement
February 21, 2005   Loon Issues Options
February 18, 2005   Loon Negotiates Deal in Colombia
February 14, 2005   Fracture Stimulation of D-14 Appraisal Well – Extended Production Test to Commence
December 7, 2004   Fracture Stimulation Program Underway in Slovenia
November 15, 2004   Loon Starts Production and Sale of Gas in Slovenia
October 5, 2004   Loon Makes Gas Discovery in Slovenia
August 30, 2004   Drilling Update-Slovenia
August 11, 2004   Loon Pt-123 Well Cased to Total Depth
August 9, 2004   Loon Issues Options
August 3, 2004   Loon Issues Options
July 27, 2004   Loon Starts 2004 Drilling Program – Spuds Pt-123 Well
July 21, 2004   Troy Ikoda Report on Pg Gas Reservoir
June 18, 2004   Summer Drilling Program - Pt-123 Well
May 6, 2004   Loon – Private Placement
April 26, 2004   Loon Granted Well License
April 26, 2004   Loon – Private Placement
April 21, 2004   Proposed Private Placement – Amended Price
April 14, 2004   Bitove Joins Loon Board
April 13, 2004   Grant of Options
April 8, 2004   Loon Closes Acquisition
March 31, 2004   Debentures Converted Into Loon Shares
March 24, 2004   Loon To Increase Holdings in Slovenia
March 22, 2004   Proposed Private Placement to raise $1,500,000
March 18, 2004   Agreement on Deep Slovenian Gas
February 27, 2004   Extension of Debenture / Grant of Warrants
NOTICE TO READER

The information contained in news releases was accurate at the time of the issue of the news release but the information contained therein may be superceded by subsequent news releases.