XPD Expedition Energy

Expedition Energy Inc. (TSX VENTURE:XPD) ("Expedition" or "Corporation")
announces that the Corporation's second quarter 2007 Financial Statements
together with the related management's discussion and analysis (MD&A) have been
filed. For a complete copy of the report please visit www.sedar.com or the
Corporation's website at www.xpdenergy.com.


Highlights of the second quarter 2007 include:
 
- Q2 average sales 403 boepd.

- Revenue net of royalties of $1,464,877.

- Cash flow $599,699 or $0.02 per share compared to $497,686 in Q2 2006, year to
date June 30, 2007 cash flow of $1,464,877 or $0.05 per share.


- Earnings of $442,901 compared to $311,398 in the same period in 2006.

Ongoing operations

Operations for the period consisted of one re-completion (started in March/07),
surface acquisition and licensing of three new drilling locations. At Erskine
AB. a re-completion in the Edmonton sands, Horseshoe Canyon coals, Belly River
formations resulted in commingled gas production. This well is performing as
predicted and we look forward to drilling the three follow-up wells in the third
quarter.


Sales in the period were 403 boepd, as mentioned in the first quarter report
break up and facility maintenance restricted production at Kerrobert, SK. and
Nevis AB. during the period. Production has been restored and the current field
reported rate is approximately 420 boepd. 


The Corporation has entered into firm fixed quantity gas contracts with its
natural gas purchaser. The contracts are for 1200 gigajoules ("Gj") a day @
$7.49/Gj for the period of April 1, 2007 to October 31, 2007. The Corporation
has also entered into firm fixed quantity gas contract for the period of
November 1, 2007 to March 31, 2008 with the same purchaser. The contract is for
800 gigajoules ("Gj") per day at average price of $8.67/Gj. The mark-to-market
value at June 30, 2007 for these contracts in place was a gain of $389,127.


The term barrels of oil equivalent or boe may be misleading, particularly if
used in isolation. The boe conversion ratio used by Expedition of 6 mcf: 1 bbl
is based on an energy equivalency conversion method primarily applicable at the
burner tip and does not represent a value equivalency at the wellhead. All boe
conversions herein are derived by converting gas to oil in the ratio of six
thousand cubic feet of gas to one barrel of oil.


This information contains forward-looking statements (forecasts) under
applicable securities laws. Forward-looking statements are necessarily based
upon assumptions and judgments with respect to the future including, but not
limited to, the outlook for commodity markets and capital markets, the
performance of producing wells and reservoirs, and the regulatory and legal
environment. Many of these factors can be difficult to predict. As a result, the
forward-looking statements are subject to known or unknown risks and
uncertainties that could cause actual results to differ materially from those
anticipated or implied in the forward-looking statements.

 
Expedition Energy Inc. is an emerging Alberta based public corporation actively
engaged in the exploration, development and production of crude oil and natural
gas in Western Canada. The Company continues to follow its strategy of
internally developing prospects, securing land in core areas, and growing
predominantly through drilling. Selective acquisitions that support core area
growth are also considered. The company strives to maintain a high working
interest and operate properties. Expedition's shares are listed for trading on
the TSX Venture Exchange under the symbol XPD.

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