PRD Energy Inc. ("PRD" or the "Company") (TSX VENTURE:PRD) announces a $1.75
million insider financing and operational update.


Insider financing 

PRD announced that it is proceeding with the sale of 1.75 million common shares
of the Company (the "Shares") to Mr. Michael Greenwood, the Chairman and Chief
Executive Officer, and other directors and officers of the Company at a price of
$1.00 per Share for gross proceeds of $1.75 million. The Shares will be sold on
a private placement basis and will be subject to a four-month plus one day
resale restriction from the closing date. Mr. Greenwood has advised the Company
that he intends to participate in the next equity financing of the Company. 


The net proceeds of the offering will be used to fund the Company's working
capital deficit of $1.0 million, including payment of the costs and expenses to
drill, complete and test the Boerger 7A well in Germany, and for general
corporate purposes. 


The offering is exempt from the minority approval requirements of TSX Venture
Exchange Policy 5.9/Multi-Lateral Instrument 61-101-Protection of Minority
Security Holders in Special Transactions because the value of the offering does
not exceed 25% of the Company's market capitalization. 


The offering is scheduled to close on or about March 27, 2014 and is subject to
the approval of the TSX Venture Exchange.


Operational update 

The Company and its partner continue to produce the Boerger 7a well and monetize
its production. Commissioning of the production facilities is ongoing and
expected to be completed in the next two weeks after mechanical reconfiguration
of select components of the facilities. PRD is highly encouraged by the initial
results of this well to date. Continuous optimized operations will allow the
Company and its partner to better understand the long-term capability of the
well and determine the ultimate field development opportunity at Boerger.


About PRD Energy 

PRD Energy Inc. is a Calgary based oil and gas company engaged in the
exploration, development and acquisition of, natural gas and crude oil, in
Germany. All activities of the Company in Germany are undertaken by its
wholly-owned subsidiary, PRD Energy GmbH. PRD's common shares are listed on the
TSX Venture Exchange with the symbol "PRD".


Forward looking information 

This news release contains forward-looking information relating to the sale of
Shares, Mr. Greenwood's participation in the next equity financing of the
Company, the use of proceeds of the offering, expected closing date of the
offering, commissioning of the production facilities, understanding the
long-term capability of the well, determining the ultimate field development
opportunity and other statements that are not historical facts. Such
forward-looking information is subject to important risks, uncertainties and
assumptions. The results or events predicated in this forward-looking
information may differ materially from actual results or events. As a result,
you are cautioned not to place undue reliance on this forward-looking
information. 


Forward-looking information is based on certain factors and assumptions
regarding, among other things, receipt of approval of the TSX Venture Exchange
for the offering, the future performance of the Boerger 7A well, the success of
future exploration and development activities in the Boerger field, the impact
of increasing competition; the Company's need for future financing; future
issuances of equity to satisfy the Company's financial needs; the ability of the
Company to obtain financing to fund its operations on acceptable terms; the
general stability of the economic and political environments in which the
Company operates or owns interests; the timely receipt of any required
regulatory approvals; the ability of the Company to obtain qualified staff,
equipment and services in a timely and cost efficient manner; drilling results;
the ability to operate in a safe, efficient and effective manner; field
production rates and decline rates; the ability to replace and expand oil and
natural gas reserves through acquisition, development of exploration; the timing
and costs of pipeline, storage and facility construction and expansion and the
ability of the Company to secure adequate product transportation; future oil and
natural gas prices; currency, exchange and interest rates; the regulatory
framework regarding royalties, taxes and environmental matters in the
jurisdictions in which the Company operates; and the ability of the Company to
successfully market its oil and natural gas products, and other similar matters.
While the Company considers these assumptions to be reasonable based on
information currently available to it, they may prove to be incorrect. 


Forward looking-information is subject to certain factors, including risks and
uncertainties that could cause actual results to differ materially from what is
currently expected. These factors include risks associated with the failure to
identify economic operations in the Boerger pool following the interpretation of
seismic data, declining production from the Boerger 7A well, instability of the
economic and political environments in which the Company operates or owns
interests, ability to manage water production and disposal, oil and gas
exploration, development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices, currency
fluctuations, environmental risks, competition from other producers, inability
to retain drilling rigs and other services, incorrect assessment of the value of
acquisitions, the inability to settle the definitive terms of the farmout
arrangements, failure to realize the anticipated benefits of acquisitions,
delays resulting from or inability to obtain required regulatory approvals,
inability to obtain approvals from the Company's partners in operations, and
ability to access sufficient capital from internal and external sources,
reliance on key personnel, regulatory risks and delays, including risks relating
to the acquisition of necessary licenses and permits, environmental risks and
insurance risks. 


You should not place undue importance on forward-looking information and should
not rely upon this information as of any other date. While the Company may elect
to, the Company is under no obligation and does not undertake to update this
information at any particular time, except as required by law. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Michael Greenwood
Chairman and Chief Executive Officer
(403) 234-0501
(403) 234-0511 (FAX)


Mark Hornett
President and Chief Operating Officer
(403) 234-0501
(403) 234-0511 (FAX)


Jeff Scott
Vice President, Finance and Chief Financial Officer
(403) 234-0501
(403) 234-0511 (FAX)