SCS Second Wave Petroleum Inc.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Second Wave Petroleum Inc. ("Second Wave" or the "Company") (TSX VENTURE:SCS)
announces that, effective immediately, any purchases of Second Wave common
shares that the Company makes under its previously announced normal course
issuer bid will be made through CIBC World Markets Inc. Second Wave understands
that Evergreen Capital Partners Inc., which had previously been appointed to act
as the Company's broker under the bid, has ceased operations.


The timing of purchases under the bid and the number of shares to be purchased,
if any, will be determined by Second Wave in its discretion. Any purchases under
the bid will be at the then prevailing market price.


About Second Wave Petroleum

Second Wave Petroleum is a publicly traded, newly recapitalized junior oil and
gas company focused on exploration and development of oil and natural gas in
Alberta and south eastern Saskatchewan. Second Wave remains focused on organic
growth through the drill bit on its existing acreage while continuing a process
of adding accretive acquisitions in 2008.


READER ADVISORY

There can be no assurance that any purchases of Second Wave common shares will
in fact be made under the normal course issuer bid that is the subject of this
press release, and readers are cautioned not to rely on the possibility of them
occurring when making any investment decision in respect of the Company's
securities.

Second Wave Petroleum Inc. (TSXV:SCS)
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Second Wave Petroleum Inc. (TSXV:SCS)
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