Tom Brown, Inc. Announces Potential Sale of Sauer Drilling

Tom Brown, Inc. has retained an advisor to evaluate the potential sale of Sauer Drilling Company its wholly-owned drilling subsidiary. Sauer Drilling is a Rocky Mountain drilling company headquartered in Casper, Wyoming which owns and operates nine drilling rigs. The rigs' average depth ratings range from 5,000 to 16,000 feet with drawworks ratings from 500 to 1,500 horsepower.

Tom Brown, Inc.'s Chairman, CEO and President, Jim Lightner, commented, "TBI originally bought the five rig Sauer Drilling Company in 1998 in order to maintain a drilling program on the Wind River Indian Reservation. The business has been performing very well; however, owning drilling rigs is not the core business of TBI. Today, only two out of the 20 TBI operated drilling rigs are Company owned. Our manpower and capital resources are better focused on growing our reserves and production than on running a drilling company. We are confident that we will be able to contract with the purchaser of Sauer Drilling Company or other drilling contractors to meet our drilling needs."