November 17, 2008
Calgary, Alberta; November 17, 2008 –MegaWest Energy Corp., (the “Company” or “MegaWest”), an independent oil and gas company, specializing in non-conventional oil and gas projects with a focus on North American heavy oil, announced today that MegaWest Energy is scheduled to present at the Houston Energy Financial Forum, presented by the Oil and Gas Financial Journal, in Houston, Texas on Wednesday, November 19, 2008 at 8:25 AM. The Company’s CEO, George Stapleton, will be presenting a corporate overview to investors.
The conference is being held at the Houstonian Hotel, 111 North Post Oak Lane, Houston, Texas 77024. A copy of the Company's presentation materials will be available on the day of the conference at the Company's website at www.megawestenergy.com. A Web cast of the presentation can be accessed by pre-registering at http://www.omeda.com/cgi-win/ogfj.cgi?t=forum.
About MegaWest
MegaWest is continuing to execute its business plan to create shareholder value. MegaWest owns or has the right to earn an interest in over 146,000 acres in Missouri, Kansas, Kentucky, Montana and Texas. MegaWest seeks to prove up significant resources and achieve early production from its heavy oil properties through the application of new technical developments in the commercial thermal recovery of heavy oil.
FOR FURTHER INFORMATION PLEASE CONTACT:
| George T. Stapleton, II, CEO R. William (Bill) Thornton, President and COO Kelly Sledz, Vice President Finance Telephone: 403.984.6342 |
Suite 800, 926 – 5th Avenue SW Calgary, AB T2P 0N7 Telephone: 403.984.6342 Email: investor.relations@megawestenergy.com |
| Nancy Tamosaitis Vorticom Inc. 1.212.532.2208 Email: nancyt@vorticom.com |
Forward-Looking Statement Disclaimer
This press release contains forward-looking information and statements including opinions, assumptions, estimates and expectations of future employee retention. Forward-looking statements include information that does not relate strictly to historical or current facts. When used in this document, the words “anticipate”, “believe”, estimate”, “expect”, “forecast”, “intent”, “may”, “project”, “plan”, “potential”, “should” and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to a wide range of known and unknown risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. We have attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. The risks and uncertainties that could affect future events or the Company's future financial performance are more fully described in the Company's quarterly reports (on Form 6-K filed in the US and the financial statements and Form 51-102F1 filed in Canada), the Company's annual reports (on Form 20-F filed in the US and the financial statements and Form 51-102F1 filed in Canada) and the other recent filings in the US and Canada. These filings are available at www.sec.gov in the US and www.sedar.com in Canada. For all such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.