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BUYINS.NET: PBEGF, PRBLF Have Also Been Added To Naked Short List Today

May 09, 2008 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Petrobank Energy & Resource Lt (OTC: PBEGF), Pacific Rubiales Energy Corp (OTC: PRBLF). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.

Petrobank Energy & Resource Lt (OTC: PBEGF) engages in the exploration, development, and production of oil and natural gas. It operates its projects through three units: the Canadian Business Unit, the Latin American Business Unit, and the Heavy Oil Business Unit. The Canadian Business Unit develops solid production platform from low risk gas opportunities in central Alberta, as well as holds an inventory of Bakken light oil locations in southeast Saskatchewan. Its properties also include Torquay property, which is located in southeast Saskatchewan and southwest Manitoba; Jumpbush property that is located on the Siksika First Nation, approximately 100 kilometers east of Calgary; deep exploration wells in northwest Alberta and northeast British Columbia; and Princeton Basin in British Columbia. The Latin American Business Unit produces oil from three blocks in Colombia; and has contracts on 15 exploration blocks covering approximately 1.6 million acres in the Llanos and Putumayo Basins. Its property portfolio includes Orito, Neiva, Joropo, Casanare Este, Corcel, Las Aguilas, Casimena, Castor, Mapache, Jaguar, Jabali, Altamira 3431B, Guatiquia, Chiguiro Este, Chiguiro Oeste, and Rio Ariari properties located in Columbia. The Heavy Oil Business Unit owns oil sands of 140,000 square miles in north eastern Alberta. It owns interests Whitesands Leases, which are oil sands leases located near the Hamlet of Conklin, Alberta; Dawson property, including heavy oil lands and related assets in the Peace River region of northwest Alberta; Glover Lease located approximately 6.5 kilometers south of the Whitesands Leases; and Sutton Creek project, a township of land comprised of 36 square miles with oil sands potential at Sutton Creek, Saskatchewan. The company was founded in 1983. It was formerly known as Petrobank Energy Resources, Ltd. and changed its name to Petrobank Energy and Resources, Ltd. in 1986. Petrobank Energy is headquartered in Calgary, Canada. With 82.49 million shares outstanding and 1.55 million shares declared short as of April 2008, there is a failure to deliver in shares of PBEGF. According to quarterly data provided by the SEC, there were still 14,580 shares of PBEGF that were failing-to-deliver as of September 21, 2007.

Pacific Rubiales Energy Corp (OTC: PRBLF) engages in the exploration, development, and production of heavy crude oil and natural gas in Colombia and Peru. It holds interests in the Rubiales and Piriri concessions, Arauca block, and Jagueyes 3433-A block in Los Llanos Orientales. The company also owns a 100% interest in the La Creciente block located in the Lower Magdalena Basin, Colombia; the Tacacho block comprising 598,959 hectares located in the Eastern Cordillera of Colombia; an 80% working interest in the Moriche Block; the Puli-B Block; a 90.6% working interest in the Guaduas field covering 30,665 acres located in the Dindal and Rio Seco blocks; a 27.27% working interest in the Rio Ceibas field consisting of 1,674 acres in the Upper Magdalena Valley; a 100% interest in the 87,465 hectare Guama Block located in the Lower Magdalena Valley Basin in the north of Colombia; and Blocks 135, 137, and 138 containing 1,883,553 hectares situated in the prolific Maranon Basin. In addition, Pacific Rubiales has memorandum of understanding to acquire a 26.25% interest in Quifa Contract located in the Llanos Basin of Colombia; and interest in the Doima and Ortega Blocks; and a 100% interest in the Guaduas-La Dorada pipeline, as well as minority interests in the Oleoducto de Colombia and Oleoducto Alto Magdalena trunk oil pipelines. The company was incorporated in 1985 as Agincourt Explorations, Inc. and changed its name to AGX Resources Corp. in 1995. Later, it changed its name to Consolidated AGX Resources Corp. in 1999, to Petro Rubiales Energy Corp. in 2007, and to Pacific Rubiales Energy Corp. in January 2008. The company is headquartered in Toronto, Canada. With 1.2 billion shares outstanding and 312,900 shares declared short as of April 2008, there is a failure to deliver in shares of PRBLF.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 1,950,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.

BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.

BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.

You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

CONTACT: Thomas Ronk, CEO, BUYINS.NET Tel: +1 800 715 9999 e-mail: Tom@buyins.net WWW: http://www.buyins.net

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.


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