EXHIBIT 99.2

PYRAMID OIL COMPANY CLARIFIES PAYMENT DATE FOR STOCK SPLIT

BAKERSFIELD, Calif. - June 9, 2008 - Pyramid Oil Company (Amex: PDO) today
clarified that the payment date of the 5-for-4 stock split announced earlier
today will be July 3, 2008, to shareholders of record as of June 24, 2008.
The effective date of the split has been revised to July 7, 2008, from the
previously reported July 1, 2008.


ABOUT PYRAMID OIL COMPANY

Pyramid Oil Company has been in the oil and gas business continuously since
incorporating in 1909.  Pyramid acquires interests in land and producing
properties through acquisition and lease, and then drills and/or operates
crude or natural gas wells in an effort to discover or produce oil and/or
natural gas.  More information about the Company can be found at:
http://www.pyramidoil.com.


SAFE HARBOR STATEMENT

Certain statements and information included in this press release constitute
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995, including statements regarding the
completion and testing of wells.  Forward-looking statements involve known and
unknown risks and uncertainties, which may cause the Company's actual results
in future periods to differ materially from forecasted results.  Factors that
could cause or contribute to such differences include, but are not limited to
the value of crude oil or the performance of wells.

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CONTACTS:  John H. Alexander
President and CEO
Pyramid Oil Company
661-325-1000

Geoff High
Principal
Pfeiffer High Investor Relations, Inc.
303-393-7044