2009-08-11-2007-12-01-2007-12-01

Bought 100% WI in 1 well on 2 blocks totaling 7,998 acres contiguous to existing leasehold.

Ryland Oil Corp., Vancouver, (Toronto Venture: RYD) has completed its acquisition of assets in Saskatchewan from privately held Jadex Energy Ltd., Calgary, for C$1.2 million in cash. Assets include a 100% working interest in one well with established production on two blocks of Crown leases totaling 7,998 acres contiguous to Ryland's existing leasehold interests, increasing its total acreage in Saskatchewan to 299,231 acres. Jadex will retain a 1% gross overriding royalty on one block of acreage and 2% on the second block. Ryland plans a fracture stimulation of the well. The company believes successful recompletion of this well will confirm additional development-drilling opportunities on the Jadex acreage and neighboring properties. Two vertical wells and a short horizontal well have been drilled on the northwestern portion of the acreage-holding and are undergoing evaluation and analysis. Four more wells are planned for this quarter.