SURE ENERGY INC. ANNOUNCES NEW QUEENSDALE HORIZONTAL OILWELL TEST RESULTS

CALGARY, Sept. 27 /CNW/ - Sure Energy Inc. (SHR, TSX) ("Sure Energy") ("the Company") is pleased to report the test results of its recent horizontal well in the Queensdale area of Saskatchewan. The Alida formation flowed 1,164 barrels of 37 API oil over a 42.5 hour test. Final restricted flow rate was 500 BOPD on a 0.875 inch choke with an average flowing pressure of 230 psi and an 11% water cut.

The Company anticipates the well to be on production in early October, initially at a restricted rate of 150 BOPD and subject to possible further restrictions due to pipeline curtailment from the recent shut-in of Enbridge's oil pipelines.

The well is 100% owned by the Company and will qualify for the Saskatchewan Government's Horizontal Oil Well Royalty Incentive Rate of 2.5% for the first 37,740 barrels of oil produced.

The Company has a minimum of two 100% direct offset locations to this well and owns five sections of 100% working interest lands in the Queensdale Area.

Sure Energy Inc. is a publicly traded oil and gas exploration and development company listed on the Toronto Stock Exchange under the symbol "SHR".

Forward-looking Information

Certain statements contained in this release constitute forward-looking information. These statements relate to future events or Sure Energy's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Sure Energy's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, Sure Energy's stated intention to further test the Queensdale horizontal well and stated expected timing for the well to be on production contain forward looking information. Sure Energy's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. Sure disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

%SEDAR: 00024118E

For further information: please visit our website at www.sureenergyinc.com or contact: Mr. Jeff Boyce, President and CEO, Mr. Lance Wirth, Vice President, Finance and CFO, Phone: [phone], Fax: [phone], Email: [email protected]