Sep. 15, 2009 (Business Wire) — Cobra Oil & Gas Company (OTCBB:CGCA) (hereafter “Cobra”) notifies that British Petroleum announced the discovery on September 2, 2009, of a giant oilfield in the US part of the Gulf of Mexico that shows new life for US domestic oil production.

The Tiber field, located about 250 miles south-east of Houston, is one of the largest discoveries of the past decade. It may hold some 3bn barrels of oil. The Tiber field was discovered by the deepest oil well ever drilled, reaching 28,000 ft below sea level.

The Tiber field discovery adds to the Kaskida field found in 2006 with similar potential reserves.

“The technologies being used to produce finds this size and at this depth show the progress being made by commercial means of exploration,” stated Max Pozzoni, President of Cobra. “What is happening now in domestic areas such as the Gulf of Mexico

Sep. 8, 2009 (Business Wire) — Cobra Oil & Gas Company (OTCBB: CGCA) (hereafter “Cobra”) is pleased to notify an approval by the Obama administration for a pipeline to carry oil-sands fuel from Canada into the U.S., sending a positive economic signal in a difficult economic period. The pipeline will amass 1000 miles and is designed to carry up to 800,000 barrels of fuel a day from Canada’s vast oil sands.

Enbridge Energy will take on the building of the pipeline as the U.S. aims to diversify oil supplies coming into the country and increase crude oil supplies from a major non-Organization of Petroleum Exporting Countries producer while shortening the transportation path for crude oil supplies.

“As the United States looks for more diverse oil supplies for domestic use, the Oil Sands will consequently gain importance,” stated Max Pozzoni, Cobra’s President. “The enormous oil sands potential within North America will

Sep. 3, 2009 (Business Wire) — Cobra Oil & Gas Company (NASD OTC BB: CGCA) (hereafter “Cobra”) is pleased to offer an overview of PetroChina’s acquisition of a majority stake in two oil sands projects in northern Alberta for US$1.7bn. The two projects are known as Mackay River and Dover which are currently being developed by Athabasca Oil Sands with projected production at full capacity reaching 300,000 – 500,000 barrels a day. The first phase of Mackay River is due to come on stream in 2014.

“PetroChina’s interest in the oil sands parallels Cobra’s awareness of the high potential in the oil sands in North America”, stated Max Pozzoni, Cobra’s President. “The Utah Oil Sands prospect holds gigantic potential, with Utah representing the largest measured oil sands concentration in America”.

Cobra is currently finalizing the purchase of 40% contract interest on 23 Federal Leases covering 33,632 acres within the P.R.

Aug. 31, 2009 (Business Wire) — Cobra Oil & Gas Company (NASD OTCBB:CGCA) (hereafter “Cobra”) – An updated research report has been issued on Cobra Oil & Gas Co. by Cohen Independent Research Group, Wall Street’s leading independent research firm, building off of July 21, 2009’s initial report. The latest report includes Cobra’s expansion of its Utah Oil Sands prospect and the addition of additional acreage, equating to a long-term price target of $4.42.

Cobra commissioned the updated report to Cohen Independent Research Group for the sum of $5,500. For the full report please visit Cohen Independent Research Group’s website, www.cohenresearch.com.

About Cohen Independent Research Group:

Led by Paul Cohen, Cohen Independent Research Group is Wall Street’s #1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security