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2007 News Releases

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&AAugust 22, 2007Loon 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, 2007ANNUAL 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

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The information contained in news releases, while accurate at the time of issue, may be superceded by subsequent news releases.