C. K. Cooper & Company Publishes Research Update on Petroleum Development Corp.

IRVINE, Calif., Jan. 30 /PRNewswire/ — C. K. Cooper & Company published an 8-page research report on Petroleum Development Corp. updating the valuation of assets.

Philip J. McPherson, Director of Research, commented, “Given the recent transaction by Berry Petroleum in the Piceance Basin, we believe Petroleum Development Corp’s 12,000 undeveloped acres in the Piceance Basin is not reflected in their current share price.”

   Petroleum Development Corp. closed Friday at $40.00 per share.    For more information, please contact:    C. K. Cooper & Company                 Telephone: (949) 477-9300   18300 Von Karman Avenue, Suite 700     Facsimile: (949) 477-9211   Irvine, California 92612               E-Mail: administration@ckcooper.com   

C. K. Cooper & Company is an investment-banking boutique that specializes in the energy sector with an emphasis on exploration and production companies.

Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from a source we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Because of individual client objectives, this report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

This report is not to be construed as an offer or the solicitation of an offer to buy or sell the securities herein mentioned. From time to time, this firm, its affiliated entities and/or their respective directors, officers, employees or members of their immediate families may have long or short positions in the securities mentioned in this report. These securities may be sold to or purchased from customers or otherwise by this firm, its affiliated entities, and/or its directors, officers, employees or members of their immediate families, as principle or agent.

C. K. Cooper & Company is a member of the National Association of Securities Dealers, CRD number 106578.

C. K. Cooper & Company

CONTACT: C. K. Cooper & Company, +1-949-477-9300, or fax,+1-949-477-9211, administration@ckcooper.com