Pyramid reports 2P Reserves of $52.6 Million for Q2 2007 acquisition

Pyramid Petroleum has received a NI 51-101 reserve report, as prepared by Netherland Sewell Associates Inc., for the properties it acquired, subject to final regulatory approvals, during the 2nd quarter 2007 in the Gulf of Mexico, as reported on April 3, 2007 and May 18, 2007.