Opal Energy is pleased to report that Mr. Bruce Huff has been appointed to the position of Chief Financial Officer.  Mr. Huff, a Certified Public Accountant, has over 35 years of professional experience, the last 17 at the senior management level of public oil and gas companies. Mr. Huff joins Opal in the Katy, Texas office.

Since 2004, Mr. Huff was chief financial officer for Far East Energy Corporation, a company focused on coal bed methane in China. He was instrumental in raising capital for the company, including the most recent equity raise with the International Finance Corporation, a member of the World Bank Group.

Previously, Mr. Huff was President of Harken Energy Corporation, a position he held for 5 years after ascending from the position of Senior Vice President and CFO, which he held for the 8 years previous. As President, Mr. Huff was responsible for U.S. and international oil and gas exploration and production operations, as well as the financial, and legal areas. His experience included acquisitions and divestitures, capital financings with common stock, preferred stock, convertibles, as well as bank and project finance. 

Mr. Huff's career also includes 18 years of public accountancy including 14 years in Abilene, Texas where he served as President for a local accounting firm. He served in the audit department of an international accounting firm for the first four years of his career.

Mr. Ron Oligney, CEO says, "We are delighted to welcome Bruce Huff on board. He has a wealth of experience and has some very impressive accomplishments to his credit. A well rounded, sophisticated talent like Bruce will be a great help to Opal in gaining efficient access to capital and then in effectively employing that capital."

In order to bring on Mr. Huff, Jim Grinnell has resigned as Chief Financial Officer however he will continue his duties as secretary of Opal Energy. The board would like to express its appreciation to Jim for his fine work over the past few years.

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In other business, Opal is filing the 2006 yearend reserve summary report on SEDAR. Reports on the individual properties had been filed previously.

Opal Energy
Opal Energy Corp., through its U.S. subsidiary Opal Energy Inc., offers an aggressive, disciplined and results-oriented vehicle to invest in the U.S. Exploration and Production sector with a particular focus on natural gas exploration targets in South Texas. The Company is actively identifying, funding and drilling a portfolio of modest to high-return natural gas exploration targets. Drilling risk is mitigated using advanced seismic techniques and establishing carried working interests in most wells. Opal is also currently undertaking a 75 square mile 3D seismic shoot.