The enhanced disclosure provides a more fulsome explanation of how Carmen was affected by the qualifying

Carmen Energy Inc. Restates June 30, 2011 Management Discussion And Analysis

CALGARY, Nov. 2, 2011 /CNW/ - Carmen Energy Inc. (TSXV: CEI) ("Carmen" or the "Corporation") has filed restated June 30, 2010 MD&A to enhance the disclosure on the effect of the closing of the Qualifying Transaction (as such term is defined in the policies of the TSX Venture Exchange) of Carmen on the overall performance, results of operations, analysis of summary of quarterly results and capital resources of Carmen.

The enhanced disclosure provides a more fulsome explanation of how Carmen was affected by the qualifying transaction. Including, additional detail regarding outlining the announcement of the transaction and detail of Capital Expenditures incurred to the period ending June 30, 2011.

About Carmen Energy Inc.: Carmen is based in Calgary, Alberta and a publicly traded oil and gas exploration and production company. The focus is on exploration and development of Western Canadian Sedimentary Basin based oil and gas properties. The current projects are the Jumpbush properties in south eastern Alberta, the Ferrybank properties in central Alberta, the Sylvan Lake area properties in Southern Alberta and the Hamburg properties in northern western Alberta.

%SEDAR: 00030582E

For further information:

Brian Doherty President and Chief Executive Officer (403) 537-5590

CO: Carmen Energy Inc

CNW 18:03e 02-NOV-11