West Isle Energy Inc. Announces Financial Results

West Isle Energy Inc. (WEI - CNQ), ("West Isle" or the "Corporation") is pleased to report its financial results for the three and six months ended June 30, 2009. The unaudited interim financial statements and Management's Discussion & Analysis ("MD&A") were filed on August 31, 2009 on SEDAR at www.sedar.com.

Certain selected financial and operational information for the three and six months ended June 30, 2009 and June 30, 2008 is set out below and should be read in conjunction with the Corporation's unaudited interim financial statements and related MD&A for the three and six months ended June 30, 2009.

The following table provides a summary of key financial results.

                     Three Months Ended June 30  Six Months Ended June 30
                        2009        2008            2009           2008


Total Revenue       $100,803      $301,189      $242,478      $535,099

Cash flow from operations
                     $52,212      $189,278      $147,677      $359,080

    Per share (basic)
                     $ 0.013      $  0.046      $  0.036      $  0.087
    Per share (diluted)
                     $ 0.013      $  0.046      $  0.036      $  0.087

Comprehensive income (loss)
                     $(13,456)    $231,846      $(109,334)    $348,322


Net loss             $(96,968)    $(48,405)     $(203,835)    $(34,573)

    Per share (basic)
                     $ (0.024)    $ (0.012)     $  (0.050)    $ (0.010)

    Per share (diluted)
                     $ (0.024)    $ (0.012)     $  (0.050)    $ (0.010)


Total Assets                                   $1,584,633    $2,246,712

                               OPERATING

Production
    Oil and liquids (bbls per day)
                            7            9              7             9
    Natural gas (Mcf per day)
                          100          172            130           157
    Barrels of oil equivalent (boe per day)
                           23           38             29            35

Average Selling Prices
    Oil and liquids ($ per bbl)
                     $  53.04      $ 92.34       $  44.24      $  95.67

    Natural gas ($ per Mcf)
                     $   3.46      $  8.03       $   4.55      $   8.28

    Barrels of oil equivalent ($ per boe)
                     $  29.92      $ 59.31       $  31.51      $  61.10


Common shares outstanding
                    4,124,529    4,124,529      4,124,529     4,124,529

Subsequent to the period end the Corporation purchased a 25% working interest (approximately 15boepd net to WEI) in a natural gas property at Conrad in southern Alberta. The transaction had an effective date of July 1, 2009 and closed August 19, 2009. The Corporation purchased the interest to supplement existing reserves and to provide future drilling opportunities.

boe presentation - For the purposes of calculating unit costs, natural gas is converted to a barrel of oil equivalent (boe) using six thousand cubic feet equal to one boe unless otherwise stated. A boe is a very approximate comparative measure that, in some cases, could be misleading, particularly if used in isolation.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking information. Forward-looking information is generally identifiable by the terminology used, such as "expect", "believe", "estimate", "should", "anticipate" and "potential" or other similar wording. Forward-looking information in this news release includes, but is not limited to, references to: well drilling programs and drilling plans, estimates of reserves and potentially recoverable resources, and information on future production and project start-ups. By their very nature, the forward-looking statements contained in this news release require West Isle Energy Inc. and its management to make assumptions that may not materialize or that may not be accurate. The forward-looking information contained in this news release is subject to known and unknown risks and uncertainties and other factors, which could cause actual results, expectations, achievements or performance to differ materially, including without limitation: imprecision of reserve estimates and estimates of recoverable quantities of oil, changes in project schedules, operating and reservoir performance, the effects of weather and climate change, the results of exploration and development drilling and related activities, demand for oil and gas, commercial negotiations, other technical and economic factors or revisions and other factors, many of which are beyond the control of West Isle Energy Inc.. Although West Isle Energy Inc. believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct.

"The CNSX Exchange neither endorses nor accepts responsibility for the adequacy or accuracy of this release."

For more information about West Isle visit the Corporation's website www.westisleenergy.com or either the Listings Disclosure Hall at www.cnsx.ca or on SEDAR at www.sedar.com.

For further information, please contact:

West Isle Energy Inc.

Robert D. McLeay, President & CEO

Telephone: (403) 263-1977

Telefax: (250) 656-4104

Cell: (403) 585-2479

Email: bob@westisleenergy.com

Source: West Isle Energy Inc. (CNSX: WEI) http://www.westisleenergy.com

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