Hunt Oil Company of Romania Opens Office in Bucharest

DALLAS, February 9, 2011 - Hunt Oil Company of Romania (HOCR), an affiliate of Hunt Oil Company of
Dallas, Texas, today announced the relocation of the Hunt London office to
Bucharest, Romania. HOCR commenced a joint venture with OMV-Petrom in
September, 2010 for two exploration licenses in the country.

"Romania has excellent new discovery potential, along with the entire
region," said Tom Cwikla, President of Hunt Oil Company of Romania. "Romania
has a very motivated and experienced work force, a long tradition in the
industry and existing oil and gas infrastructure. We believe that the
application of new technologies in our joint venture licenses will lead to
additional oil and gas discoveries over the next several years."

Mark Sturgess, who has been named General Manager of the new Hunt Oil
regional office in Bucharest, said, "Romania is a strategic hub for our
regional developments, due to its great location and historical industry
liaisons in South-East Europe and the Middle East."

"We are excited to expand our operations to Romania and conduct all of
our European exploration from Bucharest. Our first two licenses in Romania
are the first of what we hope to be many areas of opportunity in the region,"
said Cwikla.

About Hunt Oil Company of Romania

Hunt Oil Company of Romania is an affiliate of Hunt Oil Company, which is
a part of the Hunt family of companies directed by Ray L. Hunt.

Hunt Oil Company is one of the world's largest independent oil and gas
companies. Founded in 1934, it concentrates on oil and gas exploration and
production in the U.S. and internationally. Its core areas include the U.S.
and deepwater Gulf of Mexico, Canada, Yemen and Peru. In addition, Hunt Oil
Company and its subsidiaries are actively exploring in a number of other
international countries in Europe, South America, West Africa, the Middle
East and Australia.

Jeanne Phillips, Senior Vice President, Corporate Affairs & International Relations of Hunt Oil Company, +1-214-978-8534