DALLAS , Sept. 19 /PRNewswire-FirstCall/ -- Knight Energy Corp. (Pink Sheets: KNEC) (Frankfurt: IG1A) -- Knight Energy Corp. ('Knight'), through its wholly-owned subsidiary Charles Hill Drilling, Inc. ('CHD'), has leased 413 acres in Texas comprised of two properties. The first is the acquisition of the shallow drilling rights on the 300-acre 'Stroebel' property, which is located in Eastland County, Texas. The package includes a total of 55 wells, consisting of six saltwater injection wells, eight wells that are currently producing an aggregate of 14 barrels of oil a day, five wells for re-entry activity, four wells for saltwater injection, three wells to be re-worked, and 29 wells to be plugged and abandoned. Eastland County, Texas is adjacent to Stevens County, Texas, where a majority of our other oil and gas properties are located.

Charles Hill, President of CHD stated, 'We are extremely pleased with the Stroebel acquisition. Because of the past production history and our analysis of the available 3D seismic, we will apply for a license to drill four additional saltwater injection wells and proceed to add five wells through the re-entry process and rework three wells, one of which has recently produced 40 barrels per day itself. We plan to use hi-volume submergible pumps on these wells to maximize production. Additionally our analysis of the 3D seismic shows an area in which we are approximately 100 feet high on the structure, and as a result we are optimistic about its prospects. We intend to commence drilling as soon as possible after completion of our saltwater injection wells.'

Knight's CHD subsidiary also has leased 113 acres on the 'Pike' property in Stevens County, Texas. Based on satellite imaging data, we also are optimistic concerning the Pike property. The 'Pike' property is located just south of our 'Lea' property, which currently has three producing wells, with a fourth well, the 'Lea 4', scheduled to be spudded within the next few days.

Knight also announced that it has been notified by the Staff of the Securities and Exchange Commission ('SEC') that the Staff has no further comments to the Company's Form 10-SB, which previously was filed with the SEC and became effective on April 13, 2007 .

About Knight Energy Corp.

Knight Energy Corp. was formed in March 2006 for the purpose of operating and developing energy related businesses and assets. Shortly thereafter, Knight acquired an independent oil and gas services company, Charles Hill Drilling, Inc. The Company currently has nine producing wells and four completed wells waiting for available pipeline connection. It also owns or has the right to acquire a number of oil and gas leases.

The Company is currently reviewing further acquisitions and investments in the oil and gas industry as well as other energy related businesses and assets. Additional information can be found by visiting our website at www.knightenergycorp.com.

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining oil and gas prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. Potential investors should independently investigate and fully understand all risks before making investment decisions.

SOURCE Knight Energy Corp.