UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of ~~June~~ November 2008

PORTRUSH PETROLEUM CORPORATION

(Name of Registrant)

1687 West Broadway #200, Vancouver, British Columbia V6J 1X2

Executive Offices

1. Press ~~releases~~Release: ~~May~~November 2918, 2008,; ~~June~~December 103, 2008, ~~September~~December 1510, 2008, ~~September 24, 2008~~

~~2. Financial~~ January ~~Statements:~~9, ~~Three~~2009, ~~Month~~January ~~Period~~15, ~~Ended 3/31/2008~~2009

~~Form~~2. Interim ~~52-109F1~~Financial Statements: ~~CEO~~Nine ~~Certification~~Months ofEnded ~~Interim Filings~~9/30/2008

Form 52-~~109F1~~109F2: ~~CFO~~CEO Certification of Interim Filings

Form 52-109F2: CFO Certification of Interim Filings

Financial Statements: Management’s Discussion/Analysis

3. Financial Statements: Six Month Period Ended 6/30/2008

Form 52-109F1: CEO Certification of Interim Filings

Form 52-109F1: CFO Certification of Interim Filings

Financial Statements: Management’s Discussion/Analysis

Indicate by check mark whether the Registrant files annual reports under cover of Form 20-F or Form 40-F.

Form 20-F xxx Form 40-F ___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under Securities Exchange Act of 1934.

Yes ___ No xxx

~~Wednesday~~SEC ~~August~~1815 ~~6th,~~(05-07) Potential ~~2008~~persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

~~Press~~Portrush ~~Release~~Announces Drilling in Texas

~~SOURCE:~~Tuesday ~~Portrush~~November ~~Petroleum~~18, ~~Corporation~~8:30AM

~~Portrush~~VANCOUVER, ~~releases~~British ~~Waubuno~~Columbia--(BUSINESS ~~seismic results.~~WIRE)

~~Vancouver, August 6, 2008 –~~ Portrush Petroleum Corporation (TSX- V :PSH, OTCBB:PRRPF)

~~OTCBB: PRRPF)~~ (http://www.portrushpetroleum.com)

Portrush ~~completed~~wishes ato 3Dannounce ~~Seismic~~that ~~Survey~~the inoperator ~~early~~has ~~May~~commenced ~~2008~~drilling ~~over~~the ~~its~~first ~~Waubuno~~of ~~property~~three inadditional ~~Moore~~wells ~~(St.~~in ~~Clair)~~the ~~Township,~~Mission ~~Lambton~~River ~~County,~~Texas ~~Southwestern Ontario and has received a favorable geophysical report and interpretation from its consultants in Calgary~~Field.

AThe ~~good~~Scanio/Shelton ~~Niagaran~~Well ~~pinnacle~~No. ~~reef~~14 ~~anomaly is reported to lie within the 150-acre unit known as the Waubuno Prospect, which~~ was ~~spaced~~spudded ~~and~~late ~~pooled~~last byweek ~~Portrush in 2005~~ and ~~2006.~~has Inreached ~~2007~~a ~~the~~depth ~~Portrush~~of ~~et al #1~~4,655 ~~Moore 5-13-III exploratory test was drilled and suspended after encountering near reef geological conditions~~feet. ~~This Well was drilled on limited 2D Seismic data and the original interpreted anomaly is now considered as “side swipe” to a pinnacle reef.~~

~~Several~~The ~~key~~last ~~maps~~four ~~and~~wells ~~Seismic~~drilled ~~lines~~were ~~from~~all ~~the~~successful 3Dand ~~survey~~new ~~are~~pay ~~presented~~zones inwere ~~the~~found ~~Report~~that tohave ~~show~~not anbeen ~~interpreted~~previously ~~Niagaran~~produced ~~Pinnacle~~in ~~Reef~~the ~~exists within this 3D volume~~Field. ~~The~~Each A2new ~~Carbonate~~well ~~time structure map shows an A2 structural high on the eastern flank of a B Salt hole. This~~ is ~~the~~located ~~area thought~~ to bedevelop ~~most influenced by~~ the ~~interpreted~~newly ~~pinnacle~~discovered ~~reef,~~Lower ~~which~~Frio ~~underlies~~formations ~~this~~but ~~time~~will ~~high. This~~also isbe ~~further~~positioned ~~supported~~to bydevelop ~~an A2 Salt map which shows salt termination against~~ the ~~interpreted~~proven ~~reef~~Upper ~~margin. An~~Vicksburg A1(8,000’ ~~Carbonate~~to ~~amplitude map reveals a strong amplitude anomaly along the western margin of the interpreted pinnacle reef~~8,500’). The A1cumulative ~~Carbonate~~production ~~Sucrosic~~from ~~Dolomite~~the ~~porosity~~twelve ~~with~~(12) ansuccessful ~~oil~~wells ~~show~~drilled ~~encountered~~ in the ~~Portrush~~Mission etRiver alfield ~~#1, Moore 5-13-III suspended well was tied to the Seismic. This porosity and aerial distribution of Dolomite~~ is ~~a strong indication of reefing to the east~~1. It824 ~~also~~BCF ~~represents an added bonus~~ of aGas ~~potential~~and ~~commercial oil leg existing in Lot 13~~50,040 ~~adjacent~~barrels ~~to the west flank~~ of aoil ~~pinnacle~~since ~~reef in Lots 12 and 13, Concession III, Moore Township~~2004.

AThe ~~drill~~two ~~location~~additional towells ~~test~~will ~~the~~be ~~interpreted~~drilled ~~crestal~~after ~~position of a postulated pinnacle reef has been surveyed. An application for a drill permit for~~ the ~~Portrush~~first etwell alis #2drilled, ~~Moore~~logged ~~6-12-III~~and ~~was~~tested. ~~filed~~Preliminary byoperations ~~Hadley~~have ~~Resources~~begun ~~Limited~~in ~~(Canada)~~preparing ~~with~~ the ~~Ministry~~wellsite offor ~~Natural~~wells ~~Resources~~number on13 ~~July~~and ~~31, 2008~~15.

Drilling at the Portrush et al #2, Moore 6-12-III well on its Waubuno property in Moore (St. Clair) Township, Lambton County, Southwestern Ontario is continuing and is anticipated to reach total depth by the last week of November. Portrush holds a 65% working interest in the project.

Portrush has completed the private placement of 333,500 units originally announced October 31, 2008. The units, comprised of a share and a $0.10 share purchase warrant expiring November 17, 2010 (and the 18,667 finder’s fee shares), are subject to a four month hold period that expires on March 18, 2009.

About Portrush Petroleum Corporation:

To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

ON BEHALF OF THE BOARD

Mr. Martin Cotter, President & Director

CONTACT INFORMATION

Corporate

Telephone 866 939 2555: info@portrushpetroleum.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

2Contact:

~~Monday~~Portrush ~~August~~Petroleum ~~25, 2008~~Corporation

Mr. Martin Cotter, 866-939-2555

President & Director

info@portrushpetroleum.com

[portrush6kjan2009002.gif]

Wednesday December 10th, 2008

Press Release

SOURCE: Portrush Petroleum Corporation

Portrush ~~puts~~continues ~~Number~~to 11drill ~~well~~at ~~on production.~~Waubuno

Vancouver, ~~August~~December 2510th, 2008 – Portrush Petroleum Corporation (TSX- V :PSH,

~~TCBB~~OTCBB:PRRPF) (http://www.portrushpetroleum.com) wishes to announce that the Scanio/Sheldon No.11 well in the Mission River property in Texas has been placed on production at a rate of 727,000 cubic feet of gas and 25 barrels of oil a day. The well was drilled to a total depth of 8,700 feet.

~~The~~Drilling ~~Company~~at ~~expects~~the toPortrush ~~place~~et ~~the~~al ~~number~~#2, ~~twelve~~Moore 6-12-III well on ~~production~~its ~~later~~Waubuno ~~this~~property ~~week~~in Moore (St. ~~Both~~Clair) ~~wells~~Township, ~~were~~Lambton ~~drilled~~County, toSouthwestern Ontario is continuing and the ~~Vicksburg~~well has not yet reached total depth. The well has penetrated the A1 Guelph formation and the oil-field geologist determined at that time that the upper portion of the reef is non productive.

~~Current~~Since ~~production from~~ the ~~Mission~~Company’s ~~River~~last ~~field~~News atrelease ~~the~~on ~~end~~December of8th ~~July~~drilling ~~was~~results ~~approximately~~indicate ~~1.6~~that ~~million~~there ~~cubic~~is ~~feet~~a ofpossibility ~~gas~~drilling ~~and~~could 50still ~~barrels~~encounter ofan ~~oil/condensate~~incipient ~~a day~~reef. This ~~Portrush’s~~would ~~share~~be ofanalogous to the ~~revenue~~Lennox ~~was~~reef ~~approximately~~in ~~$60,000~~Michigan ~~per~~where ~~month.~~the ~~The~~Company ~~gathering~~holds ~~system~~a ~~has~~22.5% ~~sufficient~~interest. ~~capacity~~The toLenox ~~handle~~reef ~~any~~has ~~anticipated~~produced ~~increase~~approximately in200,000 ~~production~~barrels ~~arising~~of ~~from the number 11 &12 wells~~oil.

Drilling will continue for the next several days and a decision whether or not to complete the well will be made based on a possible influx of hydrocarbons and log analysis.

About Portrush Petroleum Corporation:

To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com .

ON BEHALF OF THE BOARD

Mr. Martin Cotter, President & Director

CONTACT INFORMATION

Corporate

Telephone: 866 939 2555~~: info@portrushpetroleum.com~~

~~The~~Email: ~~TSX Venture Exchange has not reviewed and does not accept responsibility for the Adequacy or accuracy of this release~~info@portrushpetroleum.com

3The TSX Venture Exchange has not reviewed and does not accept responsibility for the Adequacy or accuracy of this release.

~~Monday~~Thursday ~~September~~January ~~15,~~8th. ~~2008~~2009

Press Release

SOURCE: Portrush Petroleum Corporation

Portrush ~~announces~~drills ~~#12~~discovery well ~~producing~~ at ~~2 million cubic feet per day~~Waubuno

Vancouver, ~~September~~January ~~15,~~8th. ~~2008~~2009. – Portrush Petroleum Corporation (TSX- V :PSH,

OTCBB:PRRPF) (http://www.portrushpetroleum.com) wishes to announce that the #12 well has been placed on production at a rate in excess of 2 million cubic feet per day. All wells in the Mission River property in Texas have been placed on production and the field is producing at a rate of approximately 3.8 million cubic feet of gas and 127 barrels of oil a day. The operator receives an 11.44% premium on gas sales due to the high BTU value of the gas. Four additional wells are planned for the lease.

~~Portrush’s~~Drilling ~~monthly~~at ~~revenue from~~ the ~~field~~Portrush atet ~~this~~al ~~rate~~#2, ofMoore ~~production~~6-12-III ~~and~~well ~~based~~ on its ~~10%~~Waubuno ~~working~~property ~~interest~~in isMoore ~~approximately~~(St. ~~$100~~Clair) Township,~~000~~ ~~per~~Lambton ~~month.~~County, ASouthwestern ~~reserve~~Ontario ~~report~~has isreached ~~being~~total ~~completed~~depth and the ~~operator~~well ~~anticipates~~has ~~drilling~~been ~~the~~logged ~~first of the four wells in early November. Three of the wells will be drilled to 8,700 feet~~ and ~~one~~is ~~will~~awaiting ~~be drilled to 6,500~~completion.

~~The~~A ~~gathering~~detailed ~~system~~petrophysical ~~will~~evaluation ~~require~~of ~~upgrading~~the topotentially ~~handle~~productive ~~any~~interval ~~anticipated~~of ~~increase~~the inwell ~~production~~has ~~volumes~~been ~~arising~~completed ~~from~~and ~~these~~the ~~additional~~following ~~wells.~~ pay parameters have been calculated over the interval

Net Pay: 18.1 feet

Average Porosity: 10.1%

Average Water Saturation: 43%

An oil show observed during drilling was noted at the top of the main potentially productive porosity interval. An influx of free oil into the well bore upon penetration of the main porosity intervals is a positive sign of hydrocarbon presence in the zone. A preliminary Reserve Calculation is underway.

The operator of the Mission River Texas Field is working on three wells.

The Number 14 well has been completed and has been placed on production at a rate of 435MCF of gas and 26 barrels of oil a day.

The Number 13 well has reached total depth and is awaiting completion.

The Number 10 well was drilled in June of this year has been sidetracked at a depth of 7,550 feet. The well has been placed on production at a rate of 426MCF of gas and 10 barrels of oil a day.

The Company has established a credit facility to fund the Company’s obligations for the drilling of additional wells in the McAlester/Mantle Mission River Project in Refugio County, Texas and has agreed to grant up to 7,200,000 warrants to Mantle Resources, LLC of Houston, Texas as a loan bonus. The warrants are exercisable for a term of two years at $0.05 per share. Under the terms of the credit facility, the Company can borrow up to $US780,000 at a floating rate based on Texas Community Bank prime rate plus 2½ percent.

About Portrush Petroleum Corporation:

To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com

ON BEHALF OF THE BOARD

Mr. Martin Cotter, President & Director

CONTACT INFORMATION

Corporate

Telephone 866 939 2555: info@portrushpetroleum.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the Adequacy or accuracy of this release

4Thursday January 15th. 2009

Wednesday September 24, 2008

Press Release

SOURCE: Portrush Petroleum Corporation

Portrush ~~receives~~evaluates ~~drilling permit for~~ Waubuno~~, SW Ontario.~~

Vancouver, ~~September~~January ~~24th,~~15th. ~~2008~~2009. – Portrush Petroleum Corporation (TSX- V :PSH,

~~(TSX- V: PSH,~~ OTCBB: PRRPF) (http://www.portrushpetroleum.com)

Portrush has ~~been~~commissioned ~~granted~~ a ~~license~~Calgary based Petrophysical Consulting firm to ~~drill~~conduct a detailed evaluation on the Moore 6-12-III #2 well on its Waubuno property in Moore (St. Clair) Township, Lambton County, Southwestern Ontario. The ~~Company~~evaluation ~~expects~~is tobased ~~begin~~on log evaluation and an oil show observed during drilling at the top of the main potentially productive porosity interval. The results will be considered preliminary until such time as the well is placed on production. The Company holds a 65% WI in ~~early~~the ~~October~~project.

InThe ~~early~~Raw ~~August~~Oil ~~the Company received a favorable geophysical report and interpretation from its consultants~~ in ~~Calgary. A~~place ~~good~~has ~~Niagaran~~been ~~pinnacle~~estimated ~~reef~~at ~~anomaly is reported to lie within the 150-acre unit known as the Waubuno Prospect~~806,000 ~~which was spaced and pooled by Portrush in 2005 and 2006~~barrels. In 2007 the Portrush et al #1, Moore 5-13-III exploratory test was drilled and was suspended after encountering near reef geological conditions. This Well was drilled on limited 2D Seismic data and the original interpreted anomaly is now considered as “side swipe” to a pinnacle reef.

The ~~prospect~~Prospect isData onSummary ~~trend~~- ~~and~~Exploration ~~mid~~Risk ~~point between two pinnacle reef gas storage pools, Kimball Colinville and Waubuno. Both pools produced approximately 6.00 BCF before being converted to gas storage.leases.~~ Analysis

A drill location to test the interpreted crestal position of a postulated pinnacle reef has been surveyed. The application for a drill permit for the Portrush et al #2, Moore 6-12-III was filed by Hadley Resources Limited (Canada) with the Ministry of Natural Resources on July 31, 2008

Pool Size Calculation	Input	Input	Input

Inputs (probability 3 point Approximation)	5%	50%	95%
Area (acres)	111.0	111.0	111.0
Net Pay (ft)	18.70	18.70	18.70
Porosity (%)	10.10%	10.10%	10.10%
SW (%)	43%	43%	43%
Reservoir Pressure (psia)	790.00	790.00	790.00
Recovery Factor (%)	30.00%	50.00%	70.00%

	Low	Mid	High

Raw Oil in Place (bbls)	806,100	806,000	806,000
Recoverable Oil in Place (Bbls)	241,000	403,000	564,000

5% represents a conservative outcome: 50% represents mid-range and 95% represents an optimistic forecast of future production.

The report continues:

The “data presented herein indicates there is considerable Oil in place under the Waubuno (150–acres) pooled interest. The Portrush et al #2,Moore 6-12-111 completion candidate presents log data that compares favourably with log data obtained from nearby A1 Carbonate Oil Producers. The well if completed as an oil well would be expected to drain approximately 40 acres. This would indicate that at least three oil wells would be required to effectively drain the reservoir as postulated to cover 111.0 acres more or less (primary production)”

About Portrush Petroleum Corporation:

To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com

ON BEHALF OF THE BOARD

Mr. Martin Cotter, President & Director

CONTACT INFORMATION

Corporate

Telephone 866 939 2555: info@portrushpetroleum.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the ~~adequacy~~Adequacy or accuracy of this release

PORTRUSH PETROLEUM CORPORATION

CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

~~THREE~~NINE MONTH PERIOD ENDED

~~MARCH~~SEPTEMBER 3130, 2008

UNAUDITED INTERIM FINANCIAL STATEMENTS

In accordance with National Instrument 51-102 released by the Canadian Securities Administrators, the Company discloses that its auditors have not reviewed the unaudited consolidated financial statements for the period ended ~~March~~September 3130, 2008.

PORTRUSH PETROLEUM CORPORATION CONSOLIDATED BALANCE SHEETS (Expressed in Canadian Dollars) (Unaudited – Prepared by Management)
	March 31, 2008	December 31, 2007
ASSETS
Current
Cash	$ 19,509	$ 34,617
Receivables	44,006	46,949
Prepaids	2,545	24,183
	66,060	105,749
Oil and gas properties (Note 4)	488,054	514,105
	$ 554,114	$ 619,854
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Accounts payable and accrued liabilities	$ 68,634	$ 93,702
Loan payable (Note 5)	103,047	103,047
	171,681	196,749
Future site restoration (Note 6)	36,022	36,022
	207,703	232,771
Shareholders' equity
Capital stock (Note 7)	13,590,071	13,590,071
Contributed surplus (Note 7)	605,735	595,755
Deficit	(13,849,395)	(13,798,743)
	346,411	387,083
	$ 554,114	$ 619,854

Nature and continuance of operations (Note 2)

On behalf of the Board: “Martin Cotter” Director “Neil Iverson” Director

The accompanying notes are an integral part of these consolidated financial statements.

PORTRUSH PETROLEUM CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT (Expressed in Canadian Dollars) (Unaudited – Prepared by Management)
	Three Month Period Ended March 31,	Three Month Period Ended March 31,
	2008	2007
REVENUE
Oil and gas revenue, net of royalties	$ 81,637	$ 135,169
DIRECT COSTS
Depletion	25,066	54,215
Operating expense	33,934	65,330
Total direct costs	(59,000)	(119,545)
EXPENSES
Consulting and administration fees	1,764	2,347
Interest expense	2,103	-
Investor relations	5,000	20,805
Management fees – related party	18,455	20,527
Office and miscellaneous	12,012	11,986
Professional fees	17,755	20,485
Shareholder costs	1,362	4,001
Stock-based compensation (Note 7)	9,980	-
Transfer agent and regulatory fees	5,528	5,765
Travel and promotion	1,568	5,451
Total expenses	(75,527)	(91,367)
Loss before other item	(52,890)	(75,743)
OTHER ITEM
Foreign exchange	2,238	2,552
Loss and comprehensive loss for the period	(50,652)	(73,191)
Deficit, beginning of period	(13,798,743)	(12,453,139)
Deficit, end of period	$ (13,849,395)	$ (12,526,330)
Basic and diluted loss per share	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	45,262,363	43,832,125

The accompanying notes are an integral part of these consolidated financial statements.

PORTRUSH PETROLEUM CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Expressed in Canadian Dollars) (Unaudited – Prepared by Management)
	Three Month Period Ended March 31, 2008	Three Month Period Ended March 31, 2007
CASH FLOWS FROM OPERATING ACTIVITIES
Loss for the period	$ (50,652)	$ (73,191)
Items not affecting cash:
Depletion	25,066	54,215
Stock-based compensation expense	9,980	-
Changes in non-cash working capital items:
(Increase) decrease in receivables	2,943	43,383
(Increase) decrease in prepaids	21,638	(4,119)
Increase (decrease) in accounts payable and accrued liabilities	(25,068)	4,441
Cash provided by (used in) operating activities	(16,093)	24,729
CASH FLOWS FROM FINANCING ACTIVITIES
Capital stock purchased for cancellation	-	(6,250)
Cash provided by financing activities	-	(6,250)
CASH FLOWS FROM INVESTING ACTIVITIES
Oil and gas property recoveries	2,535	(4,500)
Oil and gas property expenditures	(1,550)	1,322
Cash used in investing activities	985	(3,178)
Change in cash during the period	(15,108)	15,301
Cash, beginning of period	34,617	50,691
Cash, end of period	$ 19,509	$ 65,992

Supplemental disclosure with respect to cash flows (Note 8)

The accompanying notes are an integral part of these consolidated financial statements.

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

MARCH 31, 2008

BASIS OF PRESENTATION

The consolidated financial statements contained herein include the accounts of the Company and its wholly-owned subsidiary Portrush Petroleum (US) Corporation (collectively "the Company"). Significant inter-company transactions have been eliminated on consolidation.

The interim period consolidated financial statements have been prepared by the Company in accordance with Canadian generally accepted accounting principles. All financial summaries included are presented on a comparative and consistent basis showing the figures for the corresponding period in the preceding year. Certain comparative figures have been reclassified to conform with the current year’s presentation. The preparation of financial data is based on accounting principles and practices consistent with those used in the preparation of annual financial statements. Certain information and footnote disclosure normally included in consolidated financial statements prepared in accordance with generally accepted accounting principles has been condensed or omitted. These interim period statements should be read together with the audited consolidated financial statements and the accompanying notes for the year ended December 31, 2007. In the opinion of the Company, its unaudited interim consolidated financial statements contain all adjustments necessary in order to present a fair statement of the results of the interim periods presented.

NATURE AND CONTINUANCE OF OPERATIONS

The Company is incorporated under the laws of British Columbia and its principal business activity is the acquiring and developing of oil and gas properties. The Company has two properties located in the United States. It has a 22.5% working interest in a prospect located in Michigan, U.S.A. and a 10% working interest in certain oil and gas leases located in Texas, U.S.A. It also has a property located in the province of Ontario, Canada with a 5% working interest.

These financial statements have been prepared in accordance with Canadian generally accepted accounting principles with the assumption that the Company will be able to realize its assets and discharge its liabilities in the normal course of business rather than through a process of forced liquidation. Continued operations of the Company are dependent on the Company's ability to receive continued financial support, complete public equity financing, or generate profitable operations in the future. These consolidated financial statements do not include the adjustments that would be necessary should the Company be unable to continue as a going concern.

	March 31, 2008	December 31, 2007
Working capital (deficiency)	$ (105,621)	$ (91,000)
Deficit	(13,849,395)	(13,798,743)

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

MARCH 31, 2008

CHANGE IN ACCOUNTING POLICY

Effective January 1, 2008, the Company adopted the following new standards issued by the Canadian Institute of Chartered Accountants (“CICA”):

Assessing Going Concern

The Canadian Accounting Standards Board (“AcSB”) amended CICA Handbook Section 1400, to include requirements for management to assess and disclose an entity’s ability to continue as a going concern.

Financial Instruments

The AcSB issued CICA Handbook Section 3862, Financial Instruments – Disclosures, which requires entities to provide disclosures in their financial statements that enable users to evaluate (a) the significance of financial instruments for the entity's financial position and performance; and (b) the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the balance sheet date, and how the entity manages those risks. The principles in this section complement the principles for recognizing, measuring and presenting financial assets and financial liabilities in Section 3855, Financial Instruments – Recognition and Measurement, Section 3863, Financial Instruments – Presentation, and Section 3865, Hedges.

The AcSB issued CICA Handbook Section 3863, Financial Instruments – Presentation, which is to enhance financial statement users' understanding of the significance of financial instruments to an entity's financial position, performance and cash flows. This section establishes standards for presentation of financial instruments and non-financial derivatives. It deals with the classification of financial instruments, from the perspective of the issuer, between liabilities and equity, the classification of related interest, dividends, losses and gains, and the circumstances in which financial assets and financial liabilities are offset.

Capital Disclosures

The AcSB issued CICA Handbook Section 1535, which establishes standards for disclosing information about an entity's capital and how it is managed.

The Company is evaluating the impact of these new standards on its consolidated financial statements.

OIL AND GAS PROPERTIES

The Company entered into agreements to acquire interests in various oil and gas properties as follows:

	March 31, 2008	December 31, 2007
Oil and gas properties:
U.S.A., proved	$ 3,053,310	$ 3,053,310
Canada, unproved	334,102	335,087
	3,387,412	3,388,397
Less: Accumulated depletion	(2,899,358)	(2,874,292)
	$ 488,054	$ 514,105

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

MARCH 31, 2008

OIL AND GAS PROPERTIES (cont’d…)

At March 31, 2008, the oil and gas properties include $334,102 (2007 - $335,087) relating to unproved properties that have been excluded from the depletion calculation.

Ontario prospects, Canada

The Company entered into an agreement to acquire a 5% working interest in a prospect located in Ontario, Canada in exchange for funding 50% of the project costs by paying US$120,000. The Company will receive a payout of all costs incurred plus a 5% working interest in the prospect.

During fiscal 2007, the Company paid net acquisition costs of $252,489 on an additional prospect located in Ontario, Canada. The Company has an 89% interest in this prospect.

Michigan, U.S.A.

The Company has a 22.5% working interest in a prospect located in Michigan, U.S.A.

Texas, U.S.A.

The Company acquired a 10% working interest in certain oil and gas leases located in the Refugio and Goliad Counties, Texas, U.S.A. As consideration for its interest, the Company made staged payments totaling US$1,044,000. During fiscal 2007, the ceiling test calculation determined that the net book value of the Company’s assets in the U.S.A. exceeded net future cash flows from proven reserves and accordingly, the Company recorded a ceiling test write-down of $1,049,683 included in accumulated depletion.

The full cost ceiling test results as of December 31, 2007 resulted in impairment of evaluated oil and gas properties. The future prices used in the December 31, 2007 ceiling test are as follows:

	Natural Gas (Cdn $/Mmbtu)	Oil (Cdn $/Bbl)
2008	$ 7.00	$ 76.93
2009	7.54	69.92
2010	7.45	71.49
2011	7.40	67.39

A ceiling test was not performed at March 31, 2008.

California, U.S.A

The Company has negotiated an option to acquire up to a 90% interest in leases in the Chico Martinez oil field in Kern County, California, U.S.A. in conjunction with Petromark Energy Group. The Company is currently evaluating the property, the development plans for the project and the final interest the Company may acquire.

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

MARCH 31, 2008

LOAN PAYABLE

On July 25, 2007, the Company established a US$300,000 credit facility with the Regions Bank in Texas, U.S.A. maturing on July 25, 2008. The loan payable is secured by the Company’s interests in the Mission River property in Texas, U.S.A.

As at March 31, 2008, the Company had taken advances on the loan payable of $103,047 (US$98,732) bearing interest rates ranging from 7.25% to 8.25% per annum. During the period, the Company transferred the loan to the Texas Community Bank under the same terms with an increased credit facility of US$350,000.

ASSET RETIREMENT OBLIGATION

The following table presents the reconciliation of the beginning and ending aggregate carrying amount of the obligation associated with the retirement of oil and gas properties.

	March 31, 2008	December 31, 2007
Asset retirement obligation, beginning of period	$ 36,022	$ 10,494
Liabilities incurred	-	25,528
Asset retirement obligation, end of period	$ 36,022	$ 36,022

The undiscounted amount of cash flows, required over the estimated reserve life of the underlying assets, to settle the obligation, adjusted for inflation, is estimated at $52,739. The obligation was calculated using a credit-adjusted risk free discount rate of 10% and an inflation rate of 5%. It is expected that this obligation will be funded from general Company resources at the time the costs are incurred with the majority of costs expected to occur between 2008 and 2011.

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

MARCH 31, 2008

CAPITAL STOCK AND CONTRIBUTED SURPLUS

	Number of Shares	Capital Stock	Contributed Surplus
Authorized
Unlimited common voting shares, no par value
Issued and outstanding:
Balance, December 31, 2007	45,262,363	$ 13,590,071	$ 595,755
Stock-based compensation	-	-	9,980
Balance, March 31, 2008	45,262,363	$ 13,590,071	$ 605,735

Stock options and warrants

The Company has a stock option plan whereby, from time to time, at the discretion of the Board of Directors, stock options are granted to directors, officers and certain consultants enabling them to acquire up to 10% of the issued and outstanding common stock of the Company. The exercise price of each option is based on the market price of the Company’s common stock at the date of the grant less an applicable discount. The options can be granted for a maximum term of 5 years and vest at the discretion of the Board of Directors.

The following incentive stock options and share purchase warrants were outstanding at March 31, 2008:

	Number of Shares	Exercise Price	Expiry Date
Options	300,000	$ 0.18	June 8, 2008
	1,600,000	0.15	April 10, 2009
	300,000	0.15	April 25, 2009
	175,000	0.15	October 31, 2009
	100,000	0.15	November 30, 2009
	300,000	0.10	January 23, 2010
	325,000	0.10	May 31, 2010
	950,000	0.10	August 9, 2010
	350,000	0.10	October 4, 2010
Warrants	1,500,000	0.12	July 6, 2009

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

MARCH 31, 2008

CAPITAL STOCK AND CONTRIBUTED SURPLUS (cont’d…)

Stock-based compensation

During the three month period ended March 31, 2008, the Company granted 300,000 (2007 – nil) stock options to a consultant at a weighted average fair value of $0.03 (2007 - $Nil) per option. As at March 31, 2008, all of these options had vested with an attributed stock-based compensation expense of $9,980 (2007 - $Nil) credited to contributed surplus. The compensation recognized was calculated using the Black-Scholes option pricing model.

The following weighted average assumptions were used in the valuation of stock options granted:

	2008	2007
Risk-free interest rate	3.2%	-
Expected life of options	2.0 years	-
Annualized volatility	86%	-
Dividend rate	0.00%	-

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

	2008	2007
Cash paid during the period for interest	$ 2,103	$ -
Cash paid during the period for income taxes	$ -	$ -

Significant non-cash transactions during the three month period ended March 31, 2008 included recognizing $2,535 in oil and gas recoveries through receivables.

Significant non-cash transactions during the three month period ended March 31, 2007 included recognizing $1,321 in oil and gas recoveries through receivables.

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

MARCH 31, 2008

RELATED PARTY TRANSACTIONS

The Company paid management fees of $18,455 (2007 - $20,527) to a director.

Amounts due to related parties are non-interest bearing, unsecured and have no specific terms of repayment.

Related party transactions are in the normal course of operations, occurring on terms and conditions that are similar to those of transactions with unrelated parties and, therefore, are measured at the exchange amount.

10.

SEGMENT INFORMATION

All of the Company's operations are in the oil and gas industry and 100% of the revenues have been generated in the U.S.A.

The total amount of capital assets attributable to Canada is $334,102 (2007 - $335,087) and the total amount of capital assets attributable to the U.S.A. is $153,952 (2007 - $179,018).

11.

CAPITAL DISCLOSURE

The Company’s capital currently consists of common shares, options and warrants. The Company’s capital management objectives are to safeguard its ability to continue as a going concern and to have sufficient capital to be able to meet the Company’s oil and gas property development plans to ensure the growth of activities.

12.

FINANCIAL INSTRUMENTS

The Company's financial instruments consist of cash, receivables, accounts payable and accrued liabilities and loan payable. The fair value of these financial instruments approximates their carrying value, unless otherwise noted.

Credit risk

The Company does not believe it is subject to any significant credit risk.

Currency risk

Cash held in foreign currencies other than the Canadian dollar is subject to currency risk. The Company is exposed to currency risk by incurring certain expenditures in currencies other than the Canadian dollar. The Company does not use derivative instruments to reduce its currency risk.

Risk management

The Company’s largest non-monetary assets are its oil and gas properties in the U.S.A. The Company has established a credit facility and has a loan payable in the U.S.A. The Company could accordingly be at risk of foreign currency fluctuations. The Company relies on consultants for the management of its oil and gas properties and for legal and accounting matters.

Form 52-109 – Venture Issuer Basic Certification of Interim Filings

I, Martin Cotter, Chief Executive Officer of Portrush Petroleum Corporation, certify the following:

1. I have reviewed the interim financial statements and interim MD&A (together the interim filings) of Portrush Petroleum Corporation. (the issuer) for the interim period ending March 31, 2008.

2. Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the interim filings.

3. Based on my knowledge, having exercised reasonable diligence, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

Date: April 30 , 2008

“Martin Cotter”

_______________________________

Martin Cotter

Chief Executive Officer

NOTE TO READER In contrast to the certificate required under Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109), this Venture Issuer Basic Certificate does not include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as defined in MI 52-109. In particular, the certifying officers filing this certificate are not making any representations relating to the establishment and maintenance of: i) controls and other procedures designed to provide reasonable assurance that information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and ii) a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP. The issuer’s certifying officers are responsible for ensuring that processes are in place to provide them with sufficient knowledge to support the representations they are making in this certificate. Investors should be aware that inherent limitations on the ability of certifying officers of a venture issuer to design and implement on a cost effective basis DC&P and ICFR as defined in MI 52-109 may result in additional risks to the quality, reliability, transparency and timeliness of interim and annual filings and other reports provided under securities legislation.

Form 52-109 – Venture Issuer Basic Certification of Interim Filings

I, Martin Cotter, Chief Financial Officer of Portrush Petroleum Corporation, certify the following:

1. I have reviewed the interim financial statements and interim MD&A (together the interim filings) of Portrush Petroleum Corporation. (the issuer) for the interim period ending March 31, 2008.

Date: April 30 , 2008

“Martin Cotter”

_______________________________

Martin Cotter

Chief Financial Officer

NOTE TO READER In contrast to the certificate required under Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109), this Venture Issuer Basic Certificate does not include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as defined in MI 52-109. In particular, the certifying officers filing this certificate are not making any representations relating to the establishment and maintenance of: i. controls and other procedures designed to provide reasonable assurance that information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and ii. a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP. The issuer’s certifying officers are responsible for ensuring that processes are in place to provide them with sufficient knowledge to support the representations they are making in this certificate. Investors should be aware that inherent limitations on the ability of certifying officers of a venture issuer to design and implement on a cost effective basis DC&P and ICFR as defined in MI 52-109 may result in additional risks to the quality, reliability, transparency and timeliness of interim and annual filings and other reports provided under securities legislation.

Form 51-102F1

MANAGEMENT'S DISCUSSION & ANALYSIS

Portrush Petroleum Corporation

Description of Business and effective Date of this Report

Portrush Petroleum Corporation (“Company”) is a junior oil and natural gas exploration and production company. The Company is focused on its core properties: the Lenox project, located in the Michigan Basin of the state of Michigan, and the Mission River project, situated in Refugio and Goliad Counties, Gulf Coast, Texas. The Lenox project has two oil wells on production and the Mission River project has nine gas wells on production. Portrush is a reporting issuer publicly traded on the TSX Venture Exchange in Canada under the symbol PSH.

This discussion should be read in conjunction with the financial statements and related notes of the Company for the period ended March 31, 2008 (the "Financial Statements"). The information in this Management Discussion and Analysis (“MD&A”) contains forward-looking information or statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. The information contained in this report is made as of May 26, 2008.

2008 Highlights

Mr. Phil Pearce, an independent business consultant, joined the Company’s advisory board.

The Scanio-Shelton No. 8 well on the Mission River property in Texas has been drilled to a total depth of 8,600 feet and has been placed on production at an initial rate of 800,000 cubic feet of gas a day and approximately 45 barrels of oil a day.

The location of the Scanio-Shelton No.10 well has been staked and drilling has commenced. The well will be drilled to a depth of 8,600 feet. This is the second well in the current four well drilling program on the Mission River property.

Reported oil and gas revenues for the 3 month period ended March 31, 2008 of $81,637 compared to $135,169 for the same period in 2007, with a reported net loss of $0.01 per share for the period in 2008 and 2007.

Oil and Gas Properties

Ontario prospects, Canada

The Company negotiated leases on a gas prospect located in the Moore Township, Lambton County, Southwestern Ontario, Canada. The prospect is located in the heart of a gas storage area on trend and mid point between two pinnacle reef gas storage pools, Kimball Colinville and Waubuno.

The Moore 5-13-III well was drilled to a final total depth of 729.0m. on December 6, 2007 without encountering a pinnacle reef. The well encountered a number of “reef proximity indicators” including two zones of reef derived “Sucrosic Dolomite” in the upper A1 Carbonate formation. The lower zone with 11.8’ of thickness gave up good oil showings while drilling. The Neutron-Density logs indicate porosity in the 6.0% range but with poor permeability and not suitable for completion. “Fracturing stimulation” is not allowed on wells that are drilled adjacent to gas storage reservoirs so this was not an option for the Company.

The well is considered a near miss of a pinnacle reef. The 2D Seismic anomaly on which it was drilled is considered “sideswipe” to a pinnacle. The Company is planning a more sophisticated 3D Seismic survey over the lands to pinpoint a drillable anomaly. This survey might take place in February when the ground could be frozen. This would minimize land damages in a very sensitive area. The well is presently being saved in anticipation of directionally drilling in the direction of the pinnacle subject to the seismic results.

The prospect is on trend and mid point between two pinnacle reef gas storage pools, Kimball Colinville and Waubuno and it is favourably located with respect to a Union Gas Pipeline tie-in located on the Kimball Side Road approximately 1.55 miles from the prospect.

During fiscal 2007, the Company paid net acquisition costs of $252,489 (2006 - $22,009) on an additional prospect located in Ontario, Canada. The Company has an 89% interest in this prospect.

Mission River Project, Texas U.S.A

In Texas, the Company has a joint venture with the McAlester Fuel Company of Houston, Texas to develop the Mission River Project, situated in Refugio and Goliad Counties, Gulf Coast, Texas. The Company owns a 10% working interest in the project.

The initial twelve (12) well program was designed to test bypassed oil and gas payzones in the traditional producing intervals from 5,000 to 6,400 feet; The first well was spudded on April 30th 2004 and eight additional wells have since been drilled and completed as gas wells. Nine wells are currently on production. A gas pipeline runs through the property.

During fiscal 2007, the operator announced plans to drill four additional wells. The wells will be drilled to intersect the 7,800 foot interval found present and capable of production in the Scanio/Shelton No. 6 and 7 wells. The first well, the Scanio/Shelton No.8 well was drilled to a depth of 8,600 feet in January, 2008. The second well, the Scanio/Shelton No. 10 well will be drilled to a total depth of 8,600 feet and is a follow up well to the number eight well that was drilled and placed on production earlier. The number eight well is currently producing at a rate of approximately eight hundred thousand cubic feet of gas a day and forty five barrels of oil a day.

Lenox Project, Michigan U.S.A.

In June 2000, the Company acquired a 25% interest in two Silurian-Ordovician prospects, and associated leased lands (approximately 2,560 acres) located in St. Clair County, Cottrellville Township and Macomb County, Lenox Township, Southeast Michigan.

The Company focused its efforts on the Lenox project in Macomb County, SE Michigan where the Company earned a 22.5% working interest. At present the Company has two oil wells on production and excess gas is being flared.

The Michigan Basin contains extensive belts of organic reefs composed of carbonate rocks (Limestone and Dolomite) formed under shallow seas in the Silurian period. These oil and gas filled reefs are the principal target for exploration companies in the basin.

Exploration Risks

Oil and gas exploration and development involves significant risks. Few wells which are drilled are developed into commercially producing fields. Substantial expenditures may be required to establish reserves and no assurance can be given that commercial quantities or further reserves will be discovered or, if found, will be present in sufficient quantities to enable the Company to recover the costs incurred. The Company’s estimates of exploration and production costs can be affected by such factors as permitting regulations and requirements, weather, environmental factors, unforeseen technical difficulties, and unusual or unexpected formations, pressures and work interruptions. There can be no assurance that actual exploration cost will not exceed projected cost.

Results of Operations

During the three month period ended March 31, 2008, total revenues decreased to $81,637 when compared to the quarter in the previous year. Revenues decreased because of a decrease in production from the Lenox Project in Michigan and the Mission River project in Texas. The net loss for the three months ended March 31, 2008 decreased to $50,652 when compared to the net loss from the quarter in the previous year. The Company recorded depletion expenses of $25,066 compared with $54,215 in 2007.

General and administration expenses before non-cash expenses were $75,527 compared with $91,367 for the same period in 2007. The Company recorded a non-cash charge for stock-based compensation pertaining to the grant of stock options of $9,980. General and Administrative expenses decreased due to a decrease in investor relations and professional fees. The Company expects general and administrative expenses to remain relatively constant as the Company expects its level

of activity to remain the same for the coming year. The Company paid or accrued to the President of the Company management fees of US$6,000 per month.

During fiscal 2007, the Company established a credit facility with the Regions Bank in Texas, USA. The loan payable is secured by the Company’s interests in the Mission River property in Texas, USA.

As at March 31, 2008, the Company had taken advances on the loan payable of $103,047 (US$98,732) bearing interest rates ranging from 7.25% to 8.25% per annum. During the current period, the Company transferred the loan to the Texas Community Bank under the same terms with an increased credit facility of US$350,000.

Summary of Quarterly Results

		1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
2006	Total Revenue	150,811	228,986	205,098	192,560
	Net Loss	7,868(1)	(234,176)(2)	(40,487) (3)	(167,322)(4)
	Basic and diluted Income (loss) per share	0.01	(0.01)	(0.01)	(0.01)
2007	Total Revenue	135,139	102,713	93,829	60,853
	Net Income (loss)	(73,191)	(91,248) (5)	(118,920) (6)	(1,062,245) (7)
	Basic and diluted loss per share	(0.01)	(0.01)	(0.01)	(0.02)
2008	Total Revenue	81,637
	Net Income (loss)	(50,652)(8)
	Basic and diluted Income (loss) per share	(0.01)

During the quarter, the Company recorded stock based compensation expenses of (1) $9,540, (2) $204,400, (3) $6,889, (4) $20,731, (5) $12,636, (6) $25,703, (7) $8,332; (8) $9,980.

Liquidity

The Company does not have sufficient financial resources to undertake by itself the exploration and development of any additional projects. The payment of property payments and the development of the property interests will therefore depend upon the Company's ability to obtain financing through the joint venturing of projects, private placement financing and public financing. There is no assurance that the Company will be successful in obtaining the required financing or that financing will be available on terms and conditions acceptable to the Company or that will not cause significant dilution to shareholders.

The Company has not paid any dividends on its common shares. The Company has no present intention of paying dividends on its common shares, as it anticipates that all available funds will be invested to finance the growth of its business.

Investor Relations

The Company will continue its corporate awareness program with the aim of enhancing the Company's visibility and foster a clear understanding of its performance and strategic direction.

Outstanding Share Data

The following table summarizes the outstanding share capital as at the effective date of this Management Discussion and Analysis:

Common shares			45,262,363
Stock options			4,400,000
Warrants			1,500,000

(See Note 6 of the financial statements for additional detail)

Capital Resources

The Company has not entered into a property option agreement that requires the Company to meet certain yearly exploration expenditure requirements.

Off-Balance Arrangements

The Company has not entered into any off-balance sheet financing arrangements.

Transactions with Related Parties

The Company paid or accrued management fees of US$6,000 per month to a director, Martin Cotter for his services as the President of the Company.

Amounts due to related parties are non-interest bearing, unsecured and have no specific terms of repayment. Related party transactions are in the normal course of operations, occurring on terms and conditions that are similar to those of transactions with unrelated parties and, therefore, are measured at the exchange amount.

Financial Instruments

The Company's financial instruments consist of cash, receivables, accounts payable and accrued liabilities and loan payable. Unless otherwise noted, it is management's opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying value, unless otherwise noted.

Disclosure Controls & Procedures

The roles of CEO and CFO are fulfilled by the Company’s President. He has evaluated the effectiveness of the Company’s disclosure controls and procedures and has concluded based on his evaluation that they are sufficiently effective to provide reasonable assurance that material information relating to the Company is made known to management and disclosed in accordance with applicable securities regulations. The Company recognizes that a weakness exists in respect of the segregation of duties as a result of having a limited number of accounting staff both at head office and at the foreign subsidiary. He also concluded that considering the size and stage of development of the Company, the issue does not currently warrant the hiring of additional accounting staff to correct the lack of segregation of duties at this time.

Outlook

The Company's primary focus for the foreseeable future will be on reviewing its financial position and the ability to finance new business ventures in the oil and gas industry.

Additional Information

Additional information related to the Company is available for view on SEDAR at www.sedar.com and at www.portrushpetroleum.com.

PORTRUSH PETROLEUM CORPORATION

CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

SIX MONTH PERIOD ENDED

JUNE 30, 2008

UNAUDITED INTERIM FINANCIAL STATEMENTS

PORTRUSH PETROLEUM CORPORATION

CONSOLIDATED BALANCE SHEETS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

	June 30, 2008	December 31, 2007
	September 30, 2008	December 31, 2007
ASSETS
Current
Cash	$ ~~105~~46,~~911~~192	$ 34,617
Receivables	3047,~~641~~292	46,949
Prepaids	-	24,183
	136,552	105,749
	93,484	105,749
Oil and gas properties (Note 4)	~~499~~696,~~921~~856	514,105
	$ 636,473	$ 619,854
	$ 790,340	$ 619,854
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Accounts payable and accrued liabilities	$ ~~142~~128,~~010~~353	$ 93,702
Loan payable (Note 5)	~~155~~260,~~878~~278	103,047
	297,888	196,749
	388,631	196,749
Future site restoration (Note 6)	36,022	36,022
	333,910	232,771
	424,653	232,771
Shareholders' equity
Capital stock (Note 7)	13,590,071	13,590,071
Contributed surplus (Note 7)	634,004	595,755
Deficit	(13,~~921~~858,~~512~~388)	(13,798,743)
	302,563	387,083
	365,687	387,083
	$ 636,473	$ 619,854
	$ 790,340	$ 619,854

Nature and continuance of operations (Note 2)

On behalf of the Board: “Martin Cotter” Director “Neil Iverson"” Director

The accompanying notes are an integral part of these consolidated financial statements.

PORTRUSH PETROLEUM CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

	Three Month Period Ended June 30,	Three Month Period Ended June 30,	Six Month Period Ended June 30,	Six Month Period Ended June 30,
	Three Month Period Ended September 30,	Three Month Period Ended September 30,	Nine Month Period Ended September 30,	Nine Month Period Ended September 30,
	2008	2007	2008	2007
REVENUE
Oil and gas revenue, net of royalties	$ ~~146~~150,~~865~~855	$ ~~102~~93,~~713~~829	$ ~~228~~379,~~502~~357	$ ~~237~~331,~~882~~711
DIRECT COSTS
Depletion	4151,~~022~~689	5964,~~658~~628	66117,~~088~~777	~~113~~178,~~873~~501
Operating expenses	55,192	18,490	89,126	42,321
Operating expenses (recovery)	(22,924)	33,895	66,202	76,216
Total direct costs	(9628,~~214~~765)	(7898,~~148~~523)	(~~155~~183,~~214~~979)	(~~156~~254,~~194~~717)
EXPENSES
Consulting and administration fees	83,~~863~~509	~~23,183~~437	1014,~~627~~136	2728,~~917~~354
Interest expense	136,~~417~~171	-1,067	1521,~~520~~691	-1,067
Investor relations	-1,250	115,~~050~~000	56,~~000~~250	3136,855
Management fees – related party	18,000	2119,~~028~~440	3654,455	4160,~~555~~995
Office and miscellaneous	214,~~473~~227	189,~~723~~533	3337,~~485~~712	3040,~~709~~242
Professional fees	1718,~~641~~025	2140,315	3553,~~396~~421	2060,~~506~~821
Shareholder costs	14,~~948~~514	~~6,437~~883	37,~~310~~824	1011,~~438~~321
Stock-based compensation (Note 7)	~~28,269~~-	1225,~~636~~703	38,249	1238,~~636~~339
Transfer agent and regulatory fees	94,~~782~~813	75,~~181~~523	1520,~~310~~123	1218,~~946~~469
Travel and promotion	~~2,680~~-	~~4,712~~481	4,248	10,~~163~~644
Total expenses	(~~122~~65,~~073~~509)	(~~104~~108,~~971~~382)	(~~197~~258,~~600~~109)	(~~198~~307,~~725~~107)
Loss before other item	(71,422)	(80,406)	(124,312)	(117,037)
Income (loss) before other item	61,581	(113,076)	(62,731)	(230,113)
OTHER ITEM
Foreign exchange (loss)	~~(695)~~1,543	(105,~~842~~844)	13,~~543~~086	(814,~~290~~134)
Loss and comprehensive loss for the period	(72,117)	(91,248)	(122,769)	(125,327)
Income (loss) and comprehensive income (loss) for the period	63,124	(118,920)	(59,645)	(244,247)
Deficit, beginning of period	(13,~~849~~921,~~395~~512)	(12,~~487~~578,~~218~~466)	(13,798,743)	(12,453,139)
Deficit, end of period	$ (13,~~921~~858,~~512~~388)	$ (12,~~578~~697,~~466~~386)	$ (13,~~921~~858,~~512~~388)	$ (12,~~578~~697,~~466~~386)
Basic and diluted loss per share	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
Basic and diluted earnings (loss) per share	$ 0.01	$ (0.01)	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	45,262,363	4345,~~746~~161,~~155~~043	45,262,363	4344,~~788~~425,~~462~~098

The accompanying notes are an integral part of these consolidated financial statements.

PORTRUSH PETROLEUM CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

	Three Month Period Ended June 30, 2008	Three Month Period Ended June 30, 2007	Six Month Period Ended June 30, 2008	Six Month Period Ended June 30, 2007
	Three Month Period Ended September 30, 2008	Three Month Period Ended September 30, 2007	Nine Month Period Ended September 30, 2008	Nine Month Period Ended September 30, 2007
CASH FLOWS FROM OPERATING ACTIVITIES
Loss for the period	$ (72,117)	$ (91,248)	$ (122,769)	$ (125,327)
Income (loss) for the period	$ 63,124	$ (118,920)	$ (59,645)	$ (244,247)
Items not affecting cash:
Depletion	4151,~~022~~689	5964,~~658~~628	66117,~~088~~777	~~113~~178,~~873~~501
Stock-based compensation expense	~~28,269~~-	1225,~~636~~703	38,249	1238,~~636~~339
Changes in non-cash working capital items:
(Increase) decrease in receivables	13(16,~~365~~651)	444,~~284~~495	~~16,308~~(343)	4792,~~667~~162
(Increase) decrease in prepaids	~~2,545~~-	~~998~~(17,909)	24,183	(321,~~121~~030)
Increase (decrease) in accounts payable and accrued liabilities	73(13,~~376~~657)	26(2,~~543~~379)	4834,~~308~~651	3028,~~984~~605
Cash provided by (used in) operating activities	8684,~~460~~505	12(4,~~871~~382)	70154,~~367~~872	7672,~~712~~330
CASH FLOWS FROM FINANCING ACTIVITIES
Loan payable	52104,~~831~~400		52157,~~831~~231
Share subscriptions received in advance	-	90,000	-	90,000
Proceeds from issuance of capital stock	-	150,000	-	150,000
Share subscriptions	-	(90,000)	-	-
Capital stock purchased for cancellation	-	-	-	(6,250)
Cash provided by financing activities	52104,~~831~~400	9060,000	52157,~~831~~231	~~(83~~143,750)
CASH FLOWS FROM INVESTING ACTIVITIES
Oil and gas property recoveries	42,~~547~~632	-28,540	79,~~082~~714	129,~~322~~861
Oil and gas property expenditures	(57251,~~436~~256)	-(133,500)	(58310,~~986~~242)	(43177,~~612~~111)
Cash used in investing activities	(52248,~~889~~624)	-(104,960)	(51300,~~904~~528)	(42147,~~290~~250)
Change in cash during the period	86(59,~~402~~719)	~~102~~(49,~~871~~342)	7111,~~294~~575	~~118~~68,~~172~~830
Cash, beginning of period	19105,~~509~~911	65168,~~992~~863	34,617	50,691
Cash, end of period	$ ~~105~~46,~~911~~192	$ ~~168~~119,~~863~~521	$ ~~105~~46,~~911~~192	$ ~~168~~119,~~863~~521

Supplemental disclosure with respect to cash flows (Note 8)

The accompanying notes are an integral part of these consolidated financial statements.

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

~~JUNE~~SEPTEMBER 30, 2008

1. BASIS OF PRESENTATION

BASIS OF PRESENTATION

2. NATURE AND CONTINUANCE OF OPERATIONS

NATURE AND CONTINUANCE OF OPERATIONS

The Company is incorporated under the laws of British Columbia and its principal business activity is the acquisition and development of oil and gas properties. The Company has two properties located in the United States. It has a 22.5% working interest in a prospect located in Michigan, U.S.A. and a 10% working interest in certain oil and gas leases located in Texas, U.S.A. It also has a property located in the province of Ontario, Canada with a 5% working interest.

	June 30, 2008	December 31, 2007
	September 30, 2008	December 31, 2007
Working capital (deficiency)	$ (~~161~~295,~~336~~147)	$ (91,000)
Deficit	(13,~~921~~858,~~512~~388)	(13,798,743)

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

~~JUNE~~SEPTEMBER 30, 2008

3. CHANGE IN ACCOUNTING POLICY

CHANGE IN ACCOUNTING POLICY

Effective January 1, 2008, the Company adopted the following new standards issued by the Canadian Institute of Chartered Accountants (“CICA”):

Assessing Going Concern

Financial Instruments

The AcSB issued CICA Handbook Section 3862, Financial Instruments – Disclosures, which requires entities to provide disclosures in their financial statements that enable users to evaluate (a) the significance of financial instruments for the entity's financial position and performance; and (b) the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the balance sheet date, and how the entity manages those risks. The principles in this section complement the principles for recognizing, measuring and presenting financial assets and financial liabilities in Section 3855, Financial Instruments – Recognition and Measurement, Section 3863, Financial Instruments – Presentation, and Section 3865, Hedges.

The AcSB issued CICA Handbook Section 3863, Financial Instruments – Presentation, which is to enhance financial statement users' understanding of the significance of financial instruments to an entity's financial position, performance and cash flows. This section establishes standards for presentation of financial instruments and non-financial derivatives. It deals with the classification of financial instruments, from the perspective of the issuer, between liabilities and equity, the classification of related interest, dividends, losses and gains, and the circumstances in which financial assets and financial liabilities are offset.

Capital Disclosures

The AcSB issued CICA Handbook Section 1535, which establishes standards for disclosing information about an entity's capital and how it is managed.

The Company is evaluating the impact of these new standards on its consolidated financial statements.

4. OIL AND GAS PROPERTIES

OIL AND GAS PROPERTIES

The Company entered into agreements to acquire interests in various oil and gas properties as follows:

	June 30, 2008	December 31, 2007
	September 30, 2008	December 31, 2007
Oil and gas properties:
U.S.A., proved	$ 3,~~053~~302,~~310~~170	$ 3,053,310
Canada, unproved	386,~~991~~754	335,087
	3,440,301	3,388,397
	3,688,924	3,388,397
Less: Accumulated depletion	(2,~~940~~992,~~380~~068)	(2,874,292)
	$ 499,921	$ 514,105
	$ 696,856	$ 514,105

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

~~JUNE~~SEPTEMBER 30, 2008

4. OIL AND GAS PROPERTIES (cont’d…)

~~OIL~~At ~~AND~~September ~~GAS~~30, ~~PROPERTIES~~2008, the oil and gas properties include $386,754 (~~cont’d…~~December 31, 2007 - $335,087) relating to unproved properties that have been excluded from the depletion calculation.

At June 30, 2008, the oil and gas properties include $386,991 (December 31, 2007 - $335,087) relating to unproved properties that have been excluded from the depletion calculation.

Ontario prospects, Canada

To date, the Company has ~~paid~~incurred ~~net~~exploration ~~acquisition~~ costs of $~~315~~313,~~847~~871 on an additional prospect located in Ontario, Canada. The Company has ana 8965% interest in this prospect.

Michigan, U.S.A.

The Company has a 22.5% working interest in a prospect located in Michigan, U.S.A.

Texas, U.S.A.

The full cost ceiling test results as of December 31, 2007 resulted in impairment of evaluated oil and gas properties. The future prices used in the December 31, 2007 ceiling test are as follows:

	Natural Gas (Cdn $/Mmbtu)	Oil (Cdn $/Bbl)

2008	$ 7.00	$ 76.93
2009	7.54	69.92
2010	7.45	71.49
2011	7.40	67.39

A ceiling test was not performed at ~~June~~September 30, 2008.

LOAN PAYABLE

On July 25, 2007, the Company established a US$300,000 credit facility with the Regions Bank in Texas, U.S.A. The loan payable is secured by the Company’s interests in the Mission River property in Texas, U.S.A.

As at June 30, 2008, the Company had taken advances on the loan payable of $155,878 (US$150,838) bearing interest rates ranging from 7.25% to 8.25% per annum. During the period, the Company transferred the loan to the Texas Community Bank under the same terms with an increased credit facility of US$450,000.

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

~~JUNE~~SEPTEMBER 30, 2008

65. LOAN PAYABLE

~~ASSET~~On ~~RETIREMENT~~July ~~OBLIGATION~~25, 2007, the Company established a US$300,000 credit facility with the Regions Bank in Texas, U.S.A. The loan payable is secured by the Company’s interests in the Mission River property in Texas, U.S.A.

As at September 30, 2008, the Company had taken advances on the loan payable of $260,278 (US$250,839) bearing interest rates ranging from 7.25% to 8.25% per annum. During the period, the Company transferred the loan to the Texas Community Bank under the same terms with an increased credit facility of US$450,000.

6. ASSET RETIREMENT OBLIGATION

The following table presents the reconciliation of the beginning and ending aggregate carrying amount of the obligation associated with the retirement of oil and gas properties.

	June 30, 2008	December 31, 2007
	September 30, 2008	December 31, 2007
Asset retirement obligation, beginning of period	$ 10,494	$ 10,494
Liabilities incurred	25,528	25,528
Asset retirement obligation, end of period	$ 36,022	$ 36,022

7.PORTRUSH PETROLEUM CORPORATION

~~CAPITAL~~NOTES ~~STOCK~~TO ~~AND~~THE ~~CONTRIBUTED~~CONSOLIDATED ~~SURPLUS~~FINANCIAL STATEMENTS

	Number of Shares	Capital Stock	Contributed Surplus
Authorized
Unlimited common voting shares, no par value
Issued and outstanding:
Balance, December 31, 2007	45,262,363	$ 13,590,071	$ 595,755
Stock-based compensation	-	-	38,249
Balance, June 30, 2008	45,262,363	$ 13,590,071	$ 634,004

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

SEPTEMBER 30, 2008

7. CAPITAL STOCK AND CONTRIBUTED SURPLUS

	Number of Shares	Capital Stock	Contributed Surplus

Authorized
Unlimited common voting shares, no par value

Issued and outstanding:
Balance, December 31, 2007	45,262,363	$ 13,590,071	$ 595,755
Stock-based compensation	-	-	38,249

Balance, September 30, 2008	45,262,363	$ 13,590,071	$ 634,004

Stock options and warrants

The following incentive stock options and share purchase warrants were outstanding at ~~June~~September 30, 2008:

	Number of Shares	Exercise Price	Expiry Date

Options	1,600,000	$ 0.15	April 10, 2009
	300,000	0.15	April 25, 2009
	175,000	0.15	October 31, 2009
	100,000	0.15	November 30, 2009
	300,000	0.10	January 23, 2010
	325,000	0.10	May 31, 2010
	950,000	0.10	August 9, 2010
	350,000	0.10	October 4, 2010
	500,000	0.10	June 10, 2011

Warrants	1,500,000	0.12	July 6, 2009

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

~~JUNE~~SEPTEMBER 30, 2008

7. CAPITAL STOCK AND CONTRIBUTED SURPLUS (cont’d…)

CAPITAL STOCK AND CONTRIBUTED SURPLUS (cont’d…)

Stock-based compensation

During the ~~six~~nine month period ended ~~June~~September 30, 2008, the Company granted 800,000 (2007 – ~~325~~1,275,000) stock options to a consultant at a weighted average fair value of $0.05 (2007 - $0.0403) per option. As at ~~June~~September 30, 2008, all of these options had vested with an attributed stock-based compensation expense of $38,249 (2007 - $1238,~~636~~339) credited to contributed surplus. The compensation recognized was calculated using the Black-Scholes option pricing model.

The following weighted average assumptions were used in the valuation of stock options granted:

	2008	2007

Risk-free interest rate	3.01% ~ 3.2%	4.55%
Expected life of options	2.0 ~ 3.0 years	3 years
Annualized volatility	86% ~ 104%	51.43%
Dividend rate	0.00%	0.00%

8. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS

	2008	2007

Cash paid during the period for interest	$ 15,520	$ -

Cash paid during the period for income taxes	$ -	$ -

Significant non-cash transactions during the ~~six~~nine month period ended ~~June~~September 30, 2008 included recognizing $79,~~082~~714 in oil and gas recoveries through receivables.

Significant non-cash transactions during the ~~six~~nine month period ended ~~June~~September 30, 2007 included recognizing $1,~~322~~585 in oil and gas recoveries through receivables.

RELATED PARTY TRANSACTIONS

The Company paid management fees of $36,455 (2007 - $41,555) to a director.

Amounts due to related parties are non-interest bearing, unsecured and have no specific terms of repayment.

10.

SEGMENT INFORMATION

All of the Company's operations are in the oil and gas industry and 100% of the revenues have been generated in the U.S.A.

The total amount of capital assets attributable to Canada is $386,991 (December 31, 2007 - $335,087) and the total amount of capital assets attributable to the U.S.A. is $112,930 (December 31, 2007 - $179,388).

PORTRUSH PETROLEUM CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in Canadian Dollars)

(Unaudited – Prepared by Management)

~~JUNE~~SEPTEMBER 30, 2008

119. RELATED PARTY TRANSACTIONS

~~CAPITAL~~The ~~DISCLOSURE~~Company paid management fees of $55,455 (2007 - $60,995) to a director.

Amounts due to related parties are non-interest bearing, unsecured and have no specific terms of repayment.

10. SEGMENT INFORMATION

All of the Company's operations are in the oil and gas industry and 100% of the revenues have been generated in the U.S.A.

The total amount of capital assets attributable to Canada is $386,754 (December 31, 2007 - $335,087) and the total amount of capital assets attributable to the U.S.A. is $310,102 (December 31, 2007 - $179,388).

11. CAPITAL DISCLOSURE

12. FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS

Credit risk

The Company does not believe it is subject to any significant credit risk.

Currency risk

Risk management

32PORTRUSH PETROLEUM CORPORATION

~~Form~~NOTES ~~52-109~~TO –THE ~~Venture~~CONSOLIDATED ~~Issuer~~FINANCIAL ~~Basic Certification of Interim Filings~~STATEMENTS

I,(Expressed ~~Martin~~in ~~Cotter,~~Canadian ~~Chief Executive Officer of Portrush Petroleum Corporation, certify the following:~~Dollars)

1.(Unaudited – Prepared by Management)

ISEPTEMBER ~~have reviewed the interim financial statements and interim MD&A (together the interim filings) of Portrush Petroleum Corporation. (the issuer) for the interim period ending June~~ 30, 2008.

213. SUBSEQUENT EVENTS

~~Based~~Subsequent onto mySeptember ~~knowledge~~30, ~~having exercised reasonable diligence~~2008, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the interim filings.Company:

3i) Closed a non-brokered private placement of 333,500 units at $0.06 per unit consisting of one common share and one share purchase warrant with each warrant exercisable at $0.10 per share until November 17, 2010. Finder’s fee of 18,667 common shares are payable to MHT Corporate Services Ltd.

Based on my knowledge, having exercised reasonable diligence, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

Date:

August 25 , 2008

__________________________

Martin Cotter

Chief Executive Officer

Form 52-109 – Venture Issuer Basic Certification of Interim Filings

I, Martin Cotter, Chief Financial Officer of Portrush Petroleum Corporation, certify the following:

I have reviewed the interim financial statements and interim MD&A (together the interim filings) of Portrush Petroleum Corporation. (the issuer) for the interim period ending June 30, 2008.

Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the interim filings.

Date:

August 25, 2008

__________________________

Martin Cotter

Chief Financial Officer

Form 51-102F1

MANAGEMENT'S DISCUSSION & ANALYSIS

Portrush Petroleum Corporation

Description of Business and effective Date of this Report

Portrush Petroleum Corporation (“Company”) is a junior oil and natural gas exploration and production company. The Company is focused on its core properties: the Lenox project, located in the Michigan Basin of the state of Michigan, and the Mission River project, situated in Refugio and Goliad Counties, Gulf Coast, Texas. The Lenox project has two oil wells on production and the Mission River project has ~~nine~~placed twelve gas wells on production. Portrush is a reporting issuer publicly traded on the TSX Venture Exchange in Canada under the symbol PSH.

This discussion should be read in conjunction with the financial statements and related notes of the Company for the period ended ~~June~~September 30, 2008 (the "Financial Statements"). The information in this Management Discussion and Analysis (“MD&A”) contains forward-looking information or statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. The information contained in this report is made as of ~~August~~November 2528, 2008.

2008 Highlights

~~Drilling~~The ~~has~~last ~~been~~4 ~~completed~~Mission onRiver ~~three~~ wells ofdrilled ~~the~~were ~~new~~all ~~four~~successful ~~well~~and ~~program~~new inpay ~~Mission~~zones ~~River.~~were ~~The~~found ~~wells~~that ~~are~~have ~~being~~not ~~drilled~~been topreviously ~~the~~produced ~~Vicksburg~~in ~~formation~~the ~~at a depth of approximately 8,700 feet~~field. ~~The~~Each ~~Company~~new well is ~~waiting~~located ~~for~~to develop the ~~completion~~newly ~~results~~discovered ofLower ~~the~~Frio ~~fourth~~formations ~~well.~~but ~~The~~will ~~Company~~also ~~holds~~be apositioned ~~10%~~to ~~working~~develop ~~interest~~the inproven ~~the~~Upper ~~Mission~~Vicksburg ~~River~~(8,000’ ~~Project.~~to 8,500’)

~~Current~~The cumulative production from the ~~Mission~~twelve ~~River~~(12) ~~field~~successful atwells ~~the~~drilled ~~end~~in ofthe ~~July~~Mission ~~was~~River ~~approximately~~field is 1.6824 ~~million~~BCF ~~cubic feet~~ of ~~gas~~Gas and 50,040 barrels of oil~~/condensate~~ asince ~~day~~2004.

~~The~~Based ~~gathering~~on ~~system~~the ~~has~~success ~~sufficient~~of ~~capacity~~the toprogram, ~~handle~~the ~~any~~operator ~~anticipated~~has ~~increase~~announced inplans ~~production~~to ~~arising~~begin ~~the~~drilling ~~additional~~a ~~wells~~new three well program.

The ~~Company~~current ~~has~~daily ~~established~~production afrom ~~credit~~the ~~facility~~field ~~with~~is a4,245 ~~Texas~~Mcfd ~~based~~and ~~bank~~140 tobarrels ~~finance~~of oil; the ~~current~~Company holds a 10% working interest in the Mission River ~~drilling program~~Project.

The ~~Company~~gathering ~~drilled~~system ~~the Waubuno prospect in Ontario to a total depth of 729.0m without encountering a pinnacle reef. The well is considered a near miss of a pinnacle reef and the Company~~ has ~~completed~~sufficient acapacity ~~3D seismic survey over the lands~~ to ~~pinpoint~~handle aany ~~drillable~~anticipated ~~anomaly~~increase ~~and~~in isproduction ~~currently~~arising ~~permitting~~from the ~~site~~additional ~~for drilling~~wells.

~~Reported~~The ~~oil~~Company ~~and~~has ~~gas~~established ~~revenues~~a ~~for~~credit ~~the~~facility ~~6 month period ended June 30, 2008 was $228,502 compared~~ to ~~$237,882~~finance ~~for~~ the ~~same~~new ~~period~~Mission inRiver ~~2007,~~drilling ~~with a reported net loss of $0~~programs.~~01 per share for the period in 2008 compared to a net loss of $0.01 per share for 2007.~~

The Company drilled the Waubuno #1 well in Ontario to a total depth of 729.0m without encountering a pinnacle reef. The well is considered a near miss of a pinnacle reef and the Company has completed a 3D seismic survey over the lands to pinpoint a drillable anomaly.

~~Held~~In ~~its~~late ~~Annual~~October, ~~General~~the ~~Meeting~~Company began drilling the Waubuno #2 based on ~~May~~the ~~29,~~3D ~~2008.~~seismic ~~All~~of ~~proposed~~the ~~resolutions~~reef; ~~were~~drilling ~~passed.~~is expected to be completed by early December.

~~Granted~~Reported ~~500,000~~oil ~~stock~~and ~~options~~gas revenues for the nine month period ended September 30 were $379,357 compared to $331,711 for the same period in 2007, with a ~~director~~reported net income of $0.01 per share for the ~~Company~~period ~~exercisable~~in at2008 compared to a net loss of $0.1001 ~~until~~per ~~June~~share ~~10,~~for ~~2011~~2007.

Oil and Gas Properties

Ontario prospects, Canada

The well is considered a near miss of a pinnacle reef. The 2-D Seismic anomaly on which it was drilled is considered “sideswipe” to a pinnacle. The Company planned a more sophisticated 3-D Seismic survey over the lands to pinpoint a drillable anomaly. This survey was completed in May 2008. ~~The~~and ~~well~~received isa ~~presently~~favorable ~~being~~geophysical ~~saved~~report inand ~~anticipation~~interpretation offrom ~~directionally~~its ~~drilling~~consultants in Calgary, Alberta. The Company has received the ~~direction~~drill ofpermit for a second drill. Drilling commenced on the ~~pinnacle~~second ~~subject~~prospect well subsequent to the ~~seismic results~~period.

Mission River Project, Texas U.S.A

The initial twelve (12) well program was designed to test bypassed oil and gas payzones in the traditional producing intervals from 5,000 to 6,400 feet; The first well was spudded on April 30th 2004 and ~~eight~~twelve ~~additional~~ wells have since been drilled and completed as gas wells. ~~Nine wells are currently on production.~~ A gas pipeline runs through the property.

The operator has drilled ~~four additional wells. The wells will be drilled to intersect all hydrocarbon bearing zones found present and capable of production in~~ the ~~Scanio/Shelton~~number ~~No.~~11 6& ~~and~~12 7 wells. ~~The first well, the Scanio/Shelton No.8 well was drilled to a depth of 8,600 feet in January, 2008. The second well, the Scanio/Shelton No. 10 well was drilled to a total depth of 8,600 feet~~ and isthey ahave ~~follow~~been ~~up well to the number eight well that was drilled and~~ placed on production ~~earlier~~. The ~~number~~current 11daily ~~& 12 wells have been drilled and are being placed on~~ production. ~~Current production~~ from the ~~Mission River~~ field atis ~~the~~4,245 ~~end~~Mcfd ~~of July was approximately 1.6 million cubic feet of gas~~ and 50140 barrels of oil~~/condensate a day.~~

Lenox Project, Michigan U.S.A.

Exploration Risks

36to enable the Company to recover the costs incurred. The Company’s estimates of exploration and production costs can be affected by such factors as permitting regulations and requirements, weather, environmental factors, unforeseen technical difficulties, and unusual or unexpected formations, pressures and work interruptions. There can be no assurance that actual exploration cost will not exceed projected cost.

factors, unforeseen technical difficulties, and unusual or unexpected formations, pressures and work interruptions. There can be no assurance that actual exploration cost will not exceed projected cost.

Results of Operations

During the ~~six~~nine month period ended ~~June~~September 30, 2008, the Company recorded gross revenue of $~~228~~379,~~502~~357 compared with $~~237~~331,~~882~~711 in 2007. Well operating expenses were $8966,~~126~~202 compared with $4276,~~321~~216 in the previous year and the Company recorded depletion expenses of $66117,~~088~~777 compared with $~~113~~178,~~873~~501 in 2007. Revenues have ~~decreased~~increased over the previous year because of aan ~~decrease~~increase in production from the ~~Lenox~~projects ~~Project~~ in Michigan and Texas.

General and administration expenses before non-cash expenses were $~~159~~258,~~351~~109 compared with $~~186~~307,~~089~~107 for the same period in 2007. The Company recorded a non-cash charge for stock-based compensation pertaining to the grant of stock options of $38,249. General and Administrative expenses decreased due to a decrease in consulting and administration fees, investor relations and travel and promotion. The Company expects general and administrative expenses to remain relatively constant as the Company expects its level of activity to remain the same for the ~~coming~~remainder of the year. The Company paid or accrued to the President of the Company management fees of US$6,000 per month.

The Company has established a US$450,000 credit facility with the Texas Community Bank in Texas, USA to pay its portion of the drilling costs of the new Mission River four well program. The loan is secured by the Company’s interests in the Mission River property in Texas, USA. As at September 30, 2008, the Company had taken advances on the loan payable of $260,278 (US$250,839) bearing interest rates ranging from 7.25% to 8.25% per annum.

AsThe ~~at June 30, 2008, the~~ Company ~~had~~is ~~taken~~currently ~~advances~~negotiating onto increase the ~~loan~~credit ~~payable~~facility ofto ~~$155,878~~pay ~~(US$150,838)~~for ~~bearing~~the ~~interest~~new ~~rates~~Mission ~~ranging~~River ~~from~~drilling 7program.~~25% to 8.25% per annum.~~

Summary of Quarterly Results

		1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
2006	Total Revenue	150,811	228,986	205,098	192,560
	Net Income (loss)	7,868(1)	(234,176)(2)	(40,487) (3)	(167,322)(4)
	Basic and diluted Income (loss) per share	0.01	(0.01)	(0.01)	(0.01)
2007	Total Revenue	135,139	102,713	93,829	60,853
	Net loss	(73,191)	(91,248) (5)	(118,920) (6)	(1,062,245) (7)
	Basic and diluted loss per share	(0.01)	(0.01)	(0.01)	(0.02)
2008	Total Revenue	81,637	146,865	150,855
	Net loss	(50,652) (8)	(72,117) (9)
	Net Income (loss)	(50,652) (8)	(72,117) (9)	63,124
	Basic and diluted loss per share	(0.01)	(0.01)
	Basic and diluted income (loss) per share	(0.01)	(0.01)	0.01

During the quarter, the Company recorded stock based compensation expenses of (1) $9,540, (2) $204,400, (3) $6,889, (4) $20,731, (5) $12,636, (6) $25,703, (7) $8,332, (8) $9,980, (9) $28,269

Liquidity

Investor Relations

The Company will continue its corporate awareness program with the aim of enhancing the Company's visibility and foster a clear understanding of its performance and strategic direction.

Outstanding Share Data

The following table summarizes the outstanding share capital as at the effective date of this Management Discussion and Analysis:



Common shares			45,262,363

Stock options			4,600,000

Warrants			1,500,000

(See Note 7 of the financial statements for additional detail)

Capital Resources

The Company has not entered into a property option agreement that requires the Company to meet certain yearly exploration expenditure requirements.

Off-Balance Arrangements

The Company has not entered into any off-balance sheet financing arrangements.

Transactions with Related Parties

The Company paid or accrued management fees of US$6,000 per month to a director, Martin Cotter for his services as the President of the Company. Amounts due to related parties are non-interest bearing, unsecured and have no specific terms of repayment. Related party transactions are in the normal course of operations, occurring on terms and conditions that are similar to those of transactions with unrelated parties and, therefore, are measured at the exchange amount.

Financial Instruments

Credit and Currency Risk

The Company does not believe it is subject to any significant credit risk. Cash held in foreign currencies other than the Canadian dollar is subject to currency risk. The Company is exposed to currency risk by incurring certain expenditures in currencies other than the Canadian dollar. The Company does not use derivative instruments to reduce its currency risk.

Risk Management

Disclosure Controls & Procedures

Change in Accounting Policy

Effective January 1, 2008, the Company adopted the following new standards issued by the Canadian Institute of Chartered Accountants (“CICA”):

Assessing Going Concern

Financial Instruments

Capital Disclosures

The AcSB issued CICA Handbook Section 1535, which establishes standards for disclosing information about an entity's capital and how it is managed.

Outlook

The Company's primary focus for the foreseeable future will be on reviewing its financial position and the ability to finance new business ventures in the oil and gas industry.

Additional Information

Additional information related to the Company is available for view on SEDAR at www.sedar.com and at www.portrushpetroleum.com.

Subsequent events

~~Subsequent~~The following events occurred subsequent to ~~June~~September 30, 2008~~, the Company~~:

1. )

~~Received~~Closed ~~the~~a ~~final~~non-brokered ~~geological~~private ~~report~~placement ~~from~~of ~~the~~333,500 ~~recently~~units ~~completed~~at ~~3-D~~$0.06 ~~seismic~~per ~~survey~~unit onconsisting ~~the~~of ~~Waubuno~~one ~~property~~common inshare ~~Southwestern~~and ~~Ontario.~~one ~~The~~share ~~Company’s~~purchase ~~geological~~warrant ~~consultants~~with ~~have~~each ~~reviewed~~warrant ~~the~~exercisable ~~report~~at ~~providing~~$0.10 aper ~~favorable~~share ~~interpretation~~until November 17, 2010. Finder’s ~~The~~fee ~~Company~~of is18,667 ~~currently~~common ~~permitting~~shares ~~the~~are ~~site~~payable ~~for~~to ~~drilling~~MHT Corporate Services Ltd.

2. )

~~Placed~~Commenced ondrilling ~~production~~ the ~~Scanio/Sheldon~~first ~~No.~~of 11three ~~well~~additional onwells in the Mission River ~~property in~~ Texas Field. The ~~production~~last ~~rate~~four iswells ~~727,000~~drilled ~~cubic~~were ~~feet~~all ofsuccessful ~~gas~~ and 25new ~~barrels~~pay ofzones ~~oil~~were afound ~~day~~that have not been previously produced in the field. ~~The~~Each new well ~~was~~is ~~drilled~~located to adevelop ~~total~~the ~~depth~~newly ofdiscovered ~~8,700~~Lower ~~feet. The~~Frio ~~No.~~formations 12but ~~well~~will isalso ~~expected~~be positioned to bedevelop ~~placed~~the onproven ~~production~~Upper ~~soon.~~Vicksburg (8,000’ to 8,500’).

403)

Drilling at the Portrush et al #2, Moore 6-12-III well on its Waubuno property in Moore (St. Clair) Township, Lambton County, Southwestern Ontario is continuing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 6-K to be signed on its behalf by the undersigned, thereunto duly authorized.

Portrush Petroleum Corporation -- SEC File No. 000-27768

(Registrant)

Date: ~~September~~January 2620, ~~2009~~2008 By: /s/ Neal Iverson

Neal Iverson, Director

Filing Compare · WESTBRIDGE ENERGY CORP.