ALF Alpetro Resources Ltd

Alpetro Resources Ltd. (TSX VENTURE:ALF) advises that it has filed its unaudited
interim financial statements for the nine months ended September 30, 2009. 


Accomplishment in Q3 2009

- Production averaged 93 boe/d in Q3 2009 compared to 114 boe/d in Q3 2008.

- The gas plant along with 8 wells was shut down in Edson area for about one and
half month due to maintenance and repair work of pipelines by Trans Canada.


- Farm out negotiation continued with Lands End Resources to open up 12-36
shut-in well (50% W.I.) at Edson by radial horizontal drilling.


- Carefully managed capital expenditures commensurate with available funds flow.

- The bank loan of $875,000 (2008 - $425,000) represents the outstanding balance
under a $1,500,000 secured credit facility with a Canadian lending institution.


BOE's may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 Mcf: 1 Bbl is based on energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead.


Information provided herein contains forward-looking statements. The reader is
cautioned that assumptions used in the preparation of such information, which
are considered reasonable by Alpetro at the time of preparation, may prove to be
incorrect. Actual results achieved will vary from the information provide and
the variations may be material. There is no representation by Alpetro that
actual results achieved will be the same in whole or part as those indicated in
the forward-looking statements.

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