Pacific Asia Petroleum Announces Approval for NYSE Amex Listing

HARTSDALE, N.Y.--(Business Wire)--
Pacific Asia Petroleum, Inc. (OTCBB:PFAP), engaged in the business of oil and
gas development, production and distribution in Asia and the Pacific Rim
countries, announced today its common stock has been approved for listing on the
NYSE Amex. Trading is expected to begin on November 5, 2009 under the new ticker
symbol PAP (NYSE Amex: PAP). Prior to that date, Pacific Asia Petroleum`s shares
will continue to trade on the Over-the-Counter (OTC) Bulletin Board.

"Moving from the OTC Bulletin Board to the NYSE Amex is another tremendously
important milestone for Pacific Asia Petroleum," said President and CEO Frank C.
Ingriselli. "We have always prided ourselves on our conservative accounting,
transparency and corporate governance. Moving up to the NYSE Amex not only
validates these efforts, it provides us with greater visibility for our company,
more liquidity for our stock and the opportunity to further expand our investor
base. We believe that this move will deliver more value for our shareholders now
and down the road."

"We welcome Pacific Asia Petroleum to NYSE Amex," said Scott Cutler, Head of
Listings, Americas. "Pacific Asia Petroleum and its shareholders will benefit
from the superior market quality, technology, and services provided by listing
on NYSE Euronext markets. Pacific Asia Petroleum is a welcome addition to our
roster of leading energy companies, and we look forward to a strong and lasting
partnership."

About Pacific Asia Petroleum, Inc.:

Pacific Asia Petroleum, Inc. engages in the business of oil and gas exploration,
development, production and distribution in Asia and the Pacific Rim countries,
with a specific focus on developing a broad range of energy opportunities,
including clean and environmentally-friendly natural gas ventures, in China. The
Company's executive offices are located in Hartsdale, New York, and the Company
also has offices located in Beijing, China and California.

Forward-Looking Information Statements

Some of the items discussed in this press release are forward-looking statements
about Pacific Asia Petroleum`s activities. Words such as "anticipates,"
"expects," "plans," "projects," "believes," "seeks," "estimates," and similar
expressions are intended to identify such forward-looking statements. The
statements are based upon management`s current expectations, estimates and
projections, are not guarantees of future performance, and are subject to
certain risks, uncertainties and other factors, some of which are beyond the
Company`s control and are difficult to predict. Among the factors are changes in
prices of, demand for and supply of crude oil and natural gas; actions of
competitors; results of additional testing; timely development of production
opportunities and acquired technologies; the potential disruption or
interruption of testing and development activities due to accidents, political
events, civil unrest, or severe weather; government-mandated restrictions on
scope of company operations; general economic and political conditions; the
Company`s need and ability to obtain capital; the Company`s ability to
successfully consummate contemplated acquisitions, obtain required government
approvals, and integrate the acquired entities and operations into the Company`s
business; and other risks described in the Company`s filings with the Securities
and Exchange Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. Unless legally required, Pacific Asia undertakes no obligation to
update publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.

Pacific Asia Petroleum, Inc.
Bonnie Tang, 914-472-6070
bonnietang@papetroleum.com

Copyright Business Wire 2009