ProEx Increases Production 61% in 2007

ProEx Energy reported an average 2007 production was 8,509 boe per day compared to 5,285 boe per day during the same period in 2006, an increase of 61 percent while production per diluted share increased 28 percent during the same period.

2007 fourth quarter production averaged 9,680 boe per day compared to 6,080 boe per day in the fourth quarter of 2006, an increase of 59 percent while production per diluted share increased 25 percent during the same period.

Natural gas production was 52,917 mcf per day during the fourth quarter of 2007 compared to 33,505 mcf per day in the fourth quarter of 2006.

Crude oil and natural gas liquids production averaged 860 bbls per day during the fourth quarter of 2007 compared to 495 bbls per day in the fourth quarter of 2006.

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Brent Crude Oil : $53.92/BBL 2.79%
Light Crude Oil : $51.08/BBL 2.66%
Natural Gas : $3.3/MMBtu 3.22%
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