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2004 News Releases

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The information contained in news releases, while accurate at the time of issue, may be superceded by subsequent news releases.