SOURCE: The Stallion Group

March 15, 2007 16:26 ET

/ CORRECTION - The Stallion Group

JACKSON, MS -- (MARKET WIRE) -- March 15, 2007 -- In the news release, "Stallion Announces Another Successful Gas Well in Mississippi," issued Wednesday, March 14, 2007 by The Stallion Group (OTCBB: SLGR), we are advised by the company that the in the second paragraph all references to "mcf/day" should read "cubic feet per day." Complete corrected text follows.

Stallion Announces Another Successful Gas Well in Mississippi

JACKSON, MS -- March 14, 2007 -- The Stallion Group (OTCBB: SLGR) is pleased to announce that the TEC-1 closure (known as the Faust #1 well) has encountered the Frio gas formation and has been completed as a gas well.

The well encountered significant gas reserves. The Operator has now completed gas flow testing and the production test rate was approximately 283,000 cubic feet per day using a 6/64 choke. This well encountered pressures exceeding 800 psi. Stallion expects the production rate to normalize at 200,000 cubic feet per day. Reserves for this well are estimated to be 357,000,000 cubic feet per day. The well will be connected to the nearby pipeline and production will commence shortly. The company has now successfully drilled and completed 3 of its first 4 wells targeting the frio gas formation. The first well, the CMR-USA-39-14, was completed earlier this year and is on production.

Stallion has a 30% interest in approximately 200,000 gross acres of land in Mississippi.

The company plans to drill an initial 50 wells within the area of mutual interest (AMI). Over 7500 miles of 2D seismic and 250 square miles of 3D seismic have already been shot. Over 100 drill targets have been identified to date and drilling will occur throughout the year.

The drilling program is being conducted by Griffin & Griffin Exploration in its capacity as operator. Griffin & Griffin, of Jackson, Mississippi, has enjoyed a solid reputation as an oil and gas explorer and producer in this region for over 40 years.

About Stallion

The Stallion Group (OTCBB: SLGR) is an independent oil and gas company focused on developing proven energy rich areas of North America. The Company has developed a foundational strategy for success which includes careful analysis of every opportunity to see how it fits with the overall plan for the Company's future.

Forward-looking statement

Certain statements in this presentation constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of THE STALLION GROUP ("Stallion"), or developments in Stallion's business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. Forward-looking statements may also include any statement relating to future events, conditions or circumstances. Stallion cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements relate to, among other things, changes in the resource market; the market focus of Stallion; Stallion's revenue mix and margin targets; Stallion's operations priorities; and Stallion's strategy for its products and solutions. The risks and uncertainties that may affect forward-looking statements include, among others, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of Stallion's customers, demand for Stallion's products and other risks detailed from time to time in Stallion's filings with the Securities and Exchange Commission. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.

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