Petrosearch Energy Announces Initiation of Research Coverage by Friedman Billings Ramsey

HOUSTON, TX – August 6, 2007, Petrosearch Energy Corporation (OTCBB: PTSG) announced today that Friedman Billings Ramsey (“FBR”) has initiated coverage of the Company with an “Outperform” rating and a 12 month price target of $2.00. To view a copy of the FBR research report, see the Company’s website at www.petrosearch.com.

About Petrosearch
Petrosearch Energy Corporation, a Nevada corporation with executive offices in Houston, Texas, is a resource based energy company with activities focused in three core areas: the Barnett Shale trend, the Wilcox trend of South Texas and the Anadarko basin of the North Texas Panhandle.