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In respect of the 5 nominally or non-producing wells that were acquired by Western Plains in the Lloydminster area of Alberta and Saskatchewan in July and August of 2009, re-activation has been completed on all 5 of these wells. These wells are now contributing approximately 65 bbl/d of heavy oil production to the Company?s current average production of approximately 103 bbls/d, from a total of 10 producing heavy oil wells in Alberta and Saskatchewan. In addition, the Company announces the acquisition of a 100% working interest in LSDs 11, 12 and 13 of 12-050-03 W4M in the Lloydminster area of Alberta. The properties, on which two shut-in heavy oil wells are situated, were acquired from a private oil & gas company for the cash consideration of $115,000. Western Plains has a service rig operating in the area and expects to commence re-activation activities on one of the shut-in wells this week. The Company also announces it has extended the closing date from September 30, 2009 to October 14, 2009, in respect of its previously announced private placement of up to 9,375,000 common shares at a price of $0.08 per share for gross proceeds of up to $750,000. The offering is subject to acceptance by the TSX Venture Exchange (the ?Exchange?) and will be conducted on a private placement basis in accordance with registration and prospectus exemptions under applicable securities laws. All securities issued under the private placement will be subject to a four-month hold period from the date of issuance, in accordance with Exchange policies and applicable securities laws. About Western Plains Petroleum Ltd. Western Plains is a Lloydminster, Alberta, based junior heavy oil producer with interests located in the Lloydminster area in both Saskatchewan and Alberta. The common shares of the Company trade on the Exchange under the symbol WPP. For more information, please contact: David Forrest President and Chief Executive Officer Western Plains Petroleum Ltd. #202, 5004 - 18 Street Lloydminster, AB T9V 1V4 Telephone: (780) 205-4468 Fax: (780) 808-8038 E-mail: brahmadf@gmail.com www.westernplainspetroleum.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Reader Advisory This news release includes management's assessment of future plans and operations, capital raising activities, wells to be drilled, timing of drilling of wells, re-activation activities, production estimates and planned capital expenditures, which may constitute forward-looking statements under applicable securities laws and necessarily involve risks including, without limitation, risks associated with oil and gas development, production, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, and the inability to fund required capital expenditures. Actual future results may differ materially from those assumed or described in such forward-looking statements as a result of the impact of issues, risks and uncertainties whether described herein or not, which Western Plains may not be able to control. The reader is therefore cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Western Plains undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction. Source: Western Plains Petroleum Ltd. (TSX-V WPP | Quote | Chart | News | PowerRating) www.westernplainspetroleum.com Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com http://www.useTDAS.com For full details on Wausau Paper Corp (WPP) click here. Wausau Paper Corp (WPP) has Short Term PowerRatings of 5. Details on Wausau Paper Corp (WPP) Short Term PowerRatings is available at This Link.
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