2008-10-10-2008-10-01-2008-10-01

Purchased 5.33% limited-partner interest, gaining assets in 18 fields in ND, TX, LA, 3 MMBOE net proved.

Petro Resources Corp., Houston, (Amex: PRC) has sold its 5.33% limited-partner interest in Houston-based Hall-Houston Exploration II LP to an undisclosed privately owned partnership for $8 million in cash. Petro Resources used approximately $7.97 million of the proceeds to redeem 2.6 million shares of series A preferred stock at $3 each. Petro Resources has assets in 18 fields in North Dakota, Texas and Louisiana. Net proved reserves are approximately 3 million barrels of oil equivalent.