Texhoma Reports Spudding of Buck Snag Well

Texhoma Energy, Inc. said that the operator, Sunray Operating Company LLC ("Sunray"), has commenced drilling of the Schiurring No. 2 well at the Buck Snag prospect in Colorado County, Texas, ahead of schedule.

Sunray estimates the cost to drill to 4,400' to be $352,950. Texhoma has divested its 37.5% working interest in the Buck Snag Project and retains a 12.5% back-in working interest after payout. As a result, Texhoma will be carried for the drilling and completion of the Schiurring No. 2 at no cost.

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