Columbia Petroleum LLC

PRESS RELEASE

Date: October 27, 2008
Website: www.columbiapetroleum.com
E-mail: cenglish@columbiapetroleum.com

Information: Chester F. English
Investor Relations
Tel: (601) 713-4011  Fax:  (601) 713-4013

Columbia Petroleum LLC Provides Update on its Little Cedar Creek Field Activity

COLUMBIA, MS – Columbia Petroleum ("Columbia" or the "Company") announced the Company has started drilling on its Nick Ross No. 2 well.  Surface casing has been set to approximately 2500 feet and the project is drilling ahead.  Planned total drilling depth on the well is approximately 11,600 feet.  The Nick Ross #2 is Columbia’s first Smackover formation well to be drilled in the Company’s southern acreage position in both Alabama and Mississippi.

Log analysis identified the Smackover and other potentially productive zones in addition to two gas zones in Columbia’s Baxterville, MS well.  The Nick Ross 24-11 #2 can be considered as an infill development well as other independent oil companies have been active in the section for over 3 years with successful wells drilled.  The Ross well is an offset to the Midroc Tisdale 24-3 and the Sanders 23-1.  These have been the most successful wells to date in the field and are expected to be geologically similar.

“The Smackover formation soon to be drilled in the Nick Ross #2 well is comparable in thickness and quality to the formations currently being produced by operators in Little Cedar Creek Fields,” stated Timothy Hurst, Chief Geologist for Columbia Petroleum.

Columbia anticipates completion operations in the Smackover to begin on the Nick Ross #2 within 15 days.  Columbia has a 45% working interest in this well.

Columbia Petroleum LLC is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas.  The Company’s oil and gas assets and activity are concentrated primarily in Oklahoma, Mississippi, Alabama and Louisiana.

This press release includes statements, which may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect", or similar expressions. These statements are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, future trends in mineral prices, the availability of capital for development of mineral projects and other projects, acceptance of the Companies' products and services in the marketplace, competitive factors, dependence upon third-party vendors, and other risks detailed in the Companies' periodic report filings with the "Securities and Exchange Commission". By making these forward-looking statements, the companies undertake no obligation to update these statements for revision or changes after the date of this release. There can be no assurance that the transactions discussed in this press release will be consummated.