Texhoma Energy Company News

Texhoma Energy, Inc. said that Peoples Energy Production, operator of the Edgerly Field in Calcasieu Parish, La., has completed the workover of the North American Land (NAL) #3 well.

Texhoma Energy says that the "SL 16995 No. 1" well in the Intracoastal City Field, Vermilion Parish, La., has been successfully recompleted.

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

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.

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.

Texhoma and its partners have decided to drill a development well to exploit Proven Undeveloped oil reserves on the 1260 acre property some 7,000 feet to the northwest of the Allain Lebreton No. 2 well.

Texhoma Energy, Inc. on Thursday said that it has a double zone gas discovery on the prospect known as Buck Snag. The company announced the acquisition of the project on August 10, 2006.

Texhoma Energy, Inc. reported that it has completed its acquisition of the Buck Snag oil and gas project.

Texhoma Energy says that the Allain-Lebreton No. 2 is nearing its objective and a drilling break was was encountered from 14,275 feet to 14,280 feet.

Texhoma Energy is acquiring a 37.5% working interest in the Sandy Point Prospect, Brazoria County, Texas.

Texhoma Energy said that drilling commenced Wednesday on the Allain-Lebreton No.2 well in the Clovelly South Prospect in Lafourche Parish, La.

Texhoma Energy has entered into an agreement to acquire a 25% working interest in the Bayou Choctaw project.

Texhoma Energy says that a rig has ben contract for its Clovelly South prospect in Louisiana and drilling will begin this summer.

Texhoma Energy has completed the acquisition of an 8% working interest in the "Little White Lake" gas field, a production property located in Vermillion Parish, Louisiana.

Texhoma Energy has entered into an agreement to acquire two oil and gas properties in Louisiana through a joint venture entity.

Texhoma Energy has entered into an agreement to acquire a further 5% working interest in "Clovelly South", increasing its total interest to 11%.

Texhoma Energy, Inc. has divested its shareholding in Black Swan Petroleum. BSP conducted, for its joint venture partners, the drilling operations in Thailand which were unsuccessful in March 2005.

Texhoma Energy has executed a sales and purchase agreement for the acquisition of two oil and gas producing properties in Louisiana.

Texhoma Energy reports that the results of the Hong Fah-B01 well have been presented to the Department of Mineral Fuels (DMF), which is part of the Ministry of Energy in Thailand, as part of its continuing exploration of Block B7/38.

Texhoma Energy is expanding its operations into a number of oil and gas projects in Louisiana.

Texhoma Energy says that the Hong Fah-B01 well reached its targeted TD of 2,800 meters. The "140"-reservoir section was intersected but exhibited only minor gas shows that did not warrant any further testing. The decision was made to plug and abandon the well.

Texhoma Energy reports that the "135"-reservoir section of the Hong Fah-B01 well was intersected and confirmed the drill team's geological interpretation. In addition, the sand indicated a good quality with a porosity of 14% together with significant gas-shows.

BSP has reported that the Hong Fah-B01 well has reached a depth of 1,730 meters and that the "120" and "130"-reservoir section were intersected. The "120"-reservoir was concluded to be water-saturated. The "130"-reservoir had gas shows around 1,660 meters over a 5 meter thick section; however, the section was considered too tight and non-productive with low porosity.

Texhoma Energy reports that the drilling of the Hong Fah-B01 well in Thailand has started.

Texhoma Energy reports that Black Swan Petroleum is scheduled to spud the Hong Fah well offshore Thailand this week using Transocean's jackup, Trident XVI.

Texhoma Energy reports that its drilling campaign offshore Thailand is scheduled to commence around March 1, 2005.