PETROSEARCH SIGNS PARTNERSHIP AGREEMENT ON BARNETT SHALE PROPERTIES

EXHIBIT   99.1

PETROSEARCH SIGNS PARTNERSHIP AGREEMENT ON BARNETT SHALE PROPERTIES
Monday December 18, 10:04 am ET

HOUSTON--(BUSINESS   WIRE)--Petrosearch   Energy   Corporation   (OTCBB:PTSG - News)
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announced   today   that   its   wholly   owned   subsidiary,   Barnett Petrosearch LLC
("Petrosearch"),   has   joined   in   the formation of a Partnership, DDJET Limited
LLP, ("Partnership") for the development of Barnett Shale properties in the Fort
Worth   Basin,   Texas. Petrosearch owns a 5.54% interest in the Partnership along
with   partners   Metroplex   Barnett Shale LLC (a wholly owned subsidiary of Exxon
Mobil Corporation), which will direct operations, and Cinco County Barnett Shale
LLC,   (a   privately   held   Fort   Worth-based   company).

The   Partnership's   assets   include   all   leases   acquired   to   date   within   an
eight-county   contract   area, under a previous agreement among affiliates of the
three   partners,   along with associated facilities including nearly 100 miles of
pipeline   and   an   option   on   a   separate   pipeline   right   of   way.

Production   from the six wells drilled thus far is expected to commence in early
2007.

Commenting   on   the   Partnership   Agreement,   Richard   Dole, Petrosearch's Chief
Executive   Officer,   stated,   "We   are   pleased to have completed this important
agreement.   Given the contribution of both the upstream and downstream assets by
all   of   the   partners,   we   are confident that the overall economics of our new
ownership   interest   is strong. We look forward to a long-term relationship with
our   partners   to   develop   this   significant   resource   base."

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. For more information please
visit   www.petrosearch.com.
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Forward-Looking   Statements

Statements contained herein and the information incorporated by reference herein
may   be   forward-lo