EGPI Firecreek Hires Romanian Consulting Group

EGPI Firecreek Chairman Dennis Alexander has signed a Consultation and Representation Agreement with S.C. RCI Grup De Consultanta, SRL ("RCI") of Bucharest, Romania. Florin Ciocanelea, the senior partner and Chief Executive Officer of RCI, is the former head of international operations and development for the Romanian National Oil Company (PETROM). The firm has significant technical and political resources to provide in depth assistance to EGPI Firecreek. The firm shall assist Firecreek with the evaluation and negotiation for the anticipated acquisition of numerous proved producing Romanian oilfields. In addition to advisory services in Romania, RCI will also assist in other regional countries where the firm has extensive experience and professional associations.

Firecreek Petroleum, Inc., a wholly owned subsidiary of EGPI Firecreek, will be actively involved in the joint effort with RCI to acquire the attractive proved producing Romanian fields. "This alliance with RCI will be of enormous value to our program," stated John R. Taylor, President of Firecreek. "Mr. Ciocanelea is a highly respected petroleum professional that brings to the venture decades of international experience and talent. He brings with him from his years at PETROM, the knowledge and talent that developed impressive production operations in numerous countries in the region. I eagerly look forward to the joint effort."

EGPI Firecreek Inc. through its Firecreek unit is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. Other companies in the oil sector include Marathon Oil Inc. (MRO), Pantina Oil and Gas Inc. (POG), Frontier Oil Inc. (FTO) and Cabot Oil and Gas Inc. (COG).