Petrodorado Files Financial Results, Management Discussion & Analysis

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Calgary, Alberta CANADA, May 25, 2012 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), ("Petrodorado" or the "Company") has filed its interim Financial Results, Management Discussion & Analysis.

Financial Statements

Highlights include:

- Working capital of $34.4 million, plus $13.6 million in restricted cash for a total of $48 million to be used in exploration activities and general operations.

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$ (U.S. Dollars)                 Period Ended        Period Ended
                                March 31, 2012      March 31, 2011
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Working Capital                     34,364,599        47,028,450
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Exploration and Evaluation Assets   61,082,515        47,489,753
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Total Assets                       118,434,357       124,674,080
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Total Revenue                          208,370            24,204
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Funds used in Operations              (589,866)         (796,633)
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Net Loss and Comprehensive Loss        543,008         3,318,978
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Net Loss Per Share, basic and diluted     0.01              0.01
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Correction to Previously filed Oil and Gas Annual Disclosure

Further to its Oil and gas annual disclosure filing (Form 51-101 F1), item 4.1 Reserves reconciliation, issued on April 19, 2012, Petrodorado announces a non-material correction. The total numbers remain the same but the revised table has corrected numbers for Economic Factors under the categories "Proved" and "Proved plus Probable" (258.1) and in Production for the categories "Proved" and Proved plus Probable"(30.4).

Complete reports and statements are available on SEDAR at www.sedar.com and on the Company website www.petrodorado.com.


About Petrodorado Energy Ltd.

Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia, Peru and Paraguay. Its head office is located in Calgary, Alberta, Canada and Petrodorado's common shares are traded on the TSXV under the trading symbol "PDQ".

For further information, please contact:

Krishna Vathyam, President and CEO
Chris Reid, VP of Finance and CFO
(403) 930-7544
Email: info@petrodorado.com
Website: www.petrodorado.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


PETRODORADO ENERGY LTD.
Suite 1000,  Bow Valley Square II
205 - 5 Ave S.W.
Calgary, Alberta, Canada, T2P 2V7
Tel:  (403) 930-7544
Fax: (403) 930-7599


To view this press release as a web page, click onto the link below:
www.usetdas.com/PR/petrodorado25052012.htm



Source: Petrodorado Energy Ltd. (TSX-V: PDQ) http://www.petrodorado.com
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