Triangle Petroleum Corporation has retained Jefferies Randall & Dewey, the Energy Investment Banking Group of Jefferies & Company, Inc., as its exclusive advisor to market a joint venture opportunity on the Company's Windsor Block in Nova Scotia.

The Company has prepared, with the assistance of Jefferies Randall & Dewey, a virtual data room of confidential information and is actively soliciting joint venture proposals. Triangle operates a ten-year lease on approximately half a million gross acres in onshore Nova Scotia, and has drilled five wells and accumulated a large seismic database. The Company is actively seeking a joint venture partner to participate in the drilling of additional wells to help provide the necessary technical and economic signposts towards potential commercial production. Companies interested in viewing the joint venture opportunity are encouraged to contact Jefferies Randall & Dewey representatives Bill Marko or Andy Rogers at (281) 774-2000.

Howard Anderson, President & COO of Triangle, states, "Together with the recent hiring of Jeff McKenna, our new Vice President, Corporate Development, retaining the experienced and reputable firm of Jefferies Randall & Dewey demonstrates our clear commitment to accelerating our Nova Scotia shale gas project."

Tags: Triangle Petroleum Corporation