Sky Petroleum Reports 10,832 barrels of oil Produced during December

Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company, today
reported that during the month ending December 31, 2007 Mubarek
production from the H2 and K2-ST4 wells was 10,832 barrels of oil. The
Mubarek H2 well produced 3,200 barrels of oil or 103 bopd and the
Mubarek K2-ST4 well produced 7,632 barrels of oil or 284 bopd during
December.

During several days in December production from K2-ST4 was
suspended while the gas lift system was being checked and valves
re-installed. On January 1, 2008 the K2-ST4 well was put back on line
and has remained on production since then, averaging 242 bopd for the
first week of January 2008.

About Sky Petroleum

Sky Petroleum (OTCBB: SKPI) is an oil and gas exploration company.
Sky Petroleum´s primary focus is to seek opportunities where
discoveries can be appraised rapidly, and developments can be advanced
either by accessing existing infrastructure, or by applying the
extensive experience of established joint-venture partners. In
addition, the company also plans some higher risk, higher reward
exploration prospects. For additional information please visit
www.skypetroleum.com.

Safe Harbor

Except for historical information, the matters set forth herein,
which are forward-looking statements, involve certain risks and
uncertainties that could cause actual results to differ. Potential
risks and uncertainties include, but are not limited to, the ability
to stabilize the well, the ability to carry out additional stimulation
of the zones producing oil, the accuracy of estimated production rates
and the price of crude oil, the accuracy of operating costs and
monthly revenue forecasts, the timing and success of other proposed
infill drilling programs, the timing for completing the second
obligation well, the contemplated continued production at the Mubarek
Field, if any, the competitive environment within the oil and gas
industry, the extent and cost effectiveness with which Sky Petroleum
is able to implement exploration and development programs in the oil
and gas industry, obtaining drilling equipment on a timely fashion,
commodity price risk, and the market acceptance and successful
technical and economic implementation of Sky Petroleum´s intended
plan. Additional discussion of these and other risk factors affecting
the company´s business and prospects is contained in the company´s
periodic filings with the SEC.