BNP Petroleum Corporation Acquires American Petroleum Corporation IRVING, Texas, Feb. 23 /PRNewswire-FirstCall/ -- BNP Petroleum Corporation (OTC Pink Sheets: BPET), an independent oil and gas company, announced today that it has acquired 100% of the stock of American Petroleum Corporation, a North Texas oil and gas operations company. American Petroleum Corporation currently owns and operates wells in Archer and Wichita counties. American Petroleum is a fully bonded operator in the State of Texas. BNP Director, Rafael Pinedo said today, "American Petroleum will begin immediately to operate and perform all the necessary work to assure that BNP's properties are in full compliance with the regulations of the Texas Railroad Commission and re-establish oil production on BNP's leases over the coming months." About BNP Petroleum Corporation: Headquartered in Irving, Texas, BNP Petroleum Corporation is a publicly traded independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Texas. Once acquired, the company intends to develop each property to maximize the income from each property by re-establishing production, refurbishing and improving the existing production and operations. Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. The information herein is subject to change without notice. BNP Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein. DATASOURCE: BNP Petroleum Corporation CONTACT: Investor Relations of BNP Petroleum Corporation, +1-214-687-0000 ext. 222 Web site: http://www.bpetroleum.com/

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