Opal Energy Corp.'s board of directors has appointed Mr. David Hughes as new Chief Financial Officer. Mr. Hughes has extensive domestic and international experience managing the business and financial affairs of private and public corporations. Mr. Hughes has been a director of the company since October 9, 2008.

Opal Energy Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss before other items of CAD 272,779, loss for the period of CAD 310,849 or CAD 0.00 per basic and diluted share on revenue of CAD 1,858 compared to loss before other items of CAD 1,841,579, loss for the period of CAD 1,673,489 or CAD 0.01 per basic and diluted share on revenue of CAD 418,102 for the same period a year ago. Net cash used in operating activities was CAD 412,166 compared to CAD 1,285,001 reported a year ago. For the six months, the company reported loss before other items of CAD 1,003,605, loss for the period of CAD 1,082,922 or CAD 0.00 per basic and diluted share on revenue of CAD 5,253 compared to loss before other items of CAD 3,788,520, loss for the period of CAD 3,650,201 or CAD 0.01 per basic and diluted share on revenue of CAD 632,399 for the same period a year ago. Net cash used in operating activities was CAD 782,338 compared to CAD 2,775,996 reported a year ago. The company reported acquisition of equipment and leasehold improvements of CAD 21,193 compared to CAD 38,016 reported a year ago. The company reported write-off of oil and gas properties of CAD 125,134 and CAD 142,132 for the second quarter and six months of 2009, respectively.

Opal Energy Corp. has entered into a Joint Venture Agreement on its Southwest Victoria 3-D Project in Victoria County, Texas with a private U.S. company ('Participant'). Under this Joint Venture Agreement, the Participant shall pay Opal a prospect fee and fund the drilling and completion costs on the numerous geological prospects that Opal has generated from the Southwest Victoria 3-D seismic data. Opal has retained an 'after payout' working interest which will be realized once the Participant has recovered its initial investment out of production revenues from the Project.