Texhoma: Sunray to Spud Sandy Point Well


Sandy Point Prospect
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Texhoma Energy, Inc. is pleased to announce that the operator, Sunray Operating Company LLC ("Sunray"), has secured a drilling rig and is preparing the location for the drilling of the Sandy Point No. 3 Fite well in Brazoria County, Texas. Sunray estimates the cost to drill to 7000' to be $442,000. The cost for Texhoma's 10% working interest of $44,200 has been pre-paid.

Sunray considers this to be a high potential location with gross possible reserves of 225,000 barrels of oil and 400 million cubic feet of gas. Drilling is expected to commence by mid-November 2006.

This well will offset the Company's Sandy Point No. 1 Fite and is close to existing infrastructure for immediate production. If successful, Texhoma will be responsible for a nominal completion cost.

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