Texas American Resources Begins Panyu 3D Survey

Texas American Resources-Asia has started a 3D seismic survey over the Panyu prospect area of PSC 28/20 covering 850 square kilometers in the Pearl River Mouth Basin of the South China Sea, China. China Offshore Services is the contractor, using the MV Dongfangmingzhu seismic vessel. Production shooting began August 1, 2007 and is expected to be completed by November 1, 2007.

Headquartered in Beijing, Texas American Resources -- Asia, Ltd's ("TARA") principal assets consist of two blocks in the Pearl River Area of the South China Sea, making TARA the first privately-held company to have assets in the South China Sea. In total, TARA's offshore blocks encompass approximately 4.5 million acres.

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