Issue of Equity

RNS Number:4774K
Prometheus Energy Co
21 December 2007



FOR IMMEDIATE RELEASE


                           Prometheus Energy Company
                        ("Prometheus" or the "Company")


December 21, 2007

                         Issuance of Ordinary Shares


Prometheus Energy Company, an alternative and renewable energy company, today
announces that the Company issued and  allotted, conditional on admission, 6,795
ordinary shares of nil nominal value in the Company to employees in lieu of 
cash compensation at a price of 23 pence, the closing price on 20 December 2007.
Application has been made to have the  shares admitted to trading on AIM, with
dealings expected to commence on 28 December 2007.

The new shares will rank pari passu with the existing ordinary shares. 
Following the share issue, the Company's  outstanding issued share capital, less
shares held by the Company in treasury, will be 60,171,303 shares.


ENDS


This press release does not constitute an offer for the sale of securities in
the United States. Prometheus' securities are restricted under US securities
laws and may not be offered or sold in the United States absent a registration
statement or a valid exemption from registration.



For further information:

Prometheus Energy Company                               +1 206 267 0800

Kirt Montague (Chief Executive Officer)
Jeff Spencer (Chief Financial Officer)

Jefferies International Limited                         +44 20 7029 8000

Charles Cameron
Oliver Griffiths

Cubitt Consulting                                       +44 20 7367 5100

Simon Brocklebank- Fowler
Michael Henman
Allison Reid


Notes to Editors


Prometheus Energy Company is a public corporation with its shares traded on the
London Stock Exchange's AIM market. It is headquartered in Seattle, Washington.
Prometheus is a global alternative and renewable fuel company focused on the
idea of Enlightened EnergyTM, where sustainable and cleaner fuel in the form of
liquid natural gas (LNG) is made from waste sources of methane produced close to
where it will be used. The Company is an emerging leader in integrating
small-scale purification and liquefaction systems from sources including
landfill gas, stranded gas wells and coalbed/coalmine methane. For more
information concerning Prometheus please contact us at (206) 267-0800 or visit

www.Prometheus-Energy.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange

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