Enhanced Oil Resources Inc. Completes Private Placement

Oil & Energy

Houston, Texas Private Placement – Enhanced Oil Resources Inc. announced that it has closed, subject to final Exchange approvals, a non brokered private placement via PPM. The non brokered private placement closed containing 4,048,000 Units for total proceeds of $1,012,000 (CDN). The placement was comprised of Units priced at $0.25 per Unit. Each Unit consists of one share of the Company and one-half of one transferable share purchase warrant, each whole warrant entitling the holder to purchase one additional share of the Company at a price of $0.40 until December 2nd, 2010. Finder’s fees totaling $69,960 (CDN) were paid. All securities in this private placement are subject to hold periods expiring April 3rd, 2010. The funds will be used for corporate development as well as development operations in the Crossroads Devonian field.

About Enhanced Oil Resources Inc.

Enhanced Oil Resources Inc. is an early-stage company, with two principal
business segments of

(i) Crude oil and natural gas production through enhanced oil recovery
(“EOR”) projects it is initiating in the Permian Basin on oil
fields acquired by the Company in 2007 and 2008 for that purpose.

(ii) Helium and CO(2) resource exploration and production through
property interests it controls in approximately 251,000 gross acres
of land within the St Johns Helium/CO(2) field in Arizona and
New Mexico, and where the Company is developing what is thought to
be the largest undeveloped helium and carbon dioxide field in
North America.

Certain statements contained herein are forward-looking statements, including statements relating to Enhanced Oil Resources’ operations; business prospects, expansion plans and strategies. Forward-looking information typically contains statements with words such as “intends,” “anticipate,” “estimate,” “expect,” “potential,” “could,” “plan” or similar words suggesting future outcomes. Readers are cautioned not to place undue reliance on forward-looking information because it is possible that expectations, predictions, forecasts, projections and other forms of forward-looking information will not be achieved by Enhanced Oil Resources.

About PPM

PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.

PPM’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

We are leaders in:

• Texas Private Placement
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