RNS Number:9443G
Spitfire Oil Limited
05 November 2007





                60 St James's Street, London SW1A 1LE, United Kingdom

       Telephone: + 44 (0)20 7629 7774  Facsimile:  + 44 (0)20 7629 7773



                      COAL-TO-LIQUIDS CONVERTER DELIVERED

                     RESOURCE DEFINITION DRILLING COMMENCED



Spitfire Oil Limited ("Spitfire"or the "Company") is pleased to announce that
the first-stage catalytic reactor, a purpose built vessel in which the L2V
pyrolysis reaction for converting lignite into fuel oil occurs, has been
delivered to the Company's hydrocarbon process contractor, the Centre for Fuels
and Energy at Curtin University of Technology in Perth.  Drill core samples will
be processed through the reactor to determine optimal reaction conditions for
the lignite.



In addition, the Company is further pleased to announce that it is about to
re-commence drilling at its Salmon Gums project in Western Australia.  The
Company already has a JORC standard Inferred lignite resource of over 500
million tonnes with an estimated extractable oil inventory of over 200 million
barrels of liquid fuels.  The drilling will focus on an extensive infill
drilling programme in 2008 and 2009 to further refine the current JORC resource
and a step out drilling programme to substantially expand the resource estimate
and the recoverable oil inventory based on several unexplored zones identified
recently by the Company's consulting geologists,  CSA Australia, after the
completion of an airborne Electromagnetic (SkyTem EM) survey in October 2007.



Chairman, Mr Mladen Ninkov, commented "with drilling recommencing at Salmon Gums
and the on time delivery of the reactor facility, the Company has made a
wonderful start on completing its feasibility study and thereby bringing this
significant resource project into reality.  This is even more pleasing with the
current world-wide demand for oil which is being reflected in an extraordinarily
buoyant oil price.  This can be only be very good news for Spitfire 
shareholders".





Further information



Mladen Ninkov - Chairman              Telephone: +44(0)20 7629 7774
Roger Goodwin - Director
Spitfire Oil Limited



Adrian Hadden                         Telephone: +44(0)20 7523 8350
Collins Stewart Limited



 Spitfire Oil Limited's shares are quoted on the Alternative Investment Market
                (AIM) of the London Stock Exchange (symbol SRO)

      The Company's news releases are available on the Company's web site:
                              www.spitfireoil.com


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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