SOURCE: Mammoth Energy Group, Inc.

January 10, 2008 06:30 ET

Mammoth Energy Group, Inc. Reports Strategy for Success

WINSTON-SALEM, NC--(Marketwire - January 10, 2008) - Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) focuses on developing low risk prospects that steadily accumulate production and cash flow while spreading its risk across higher risk prospects that have potential for significant upside.

As part of its low risk strategy, Mammoth Energy is currently working to develop shallow gas wells in Northeastern Oklahoma, where a well is completed nearly every time a well is drilled (companies in the area have had a 100% success rate on over 300 wells drilled).

"We really like the prospects because they are generally in low risk areas where we feel confident we should find commercial amounts of oil or natural gas," said President Joe Overcash. "We will also maximize the value of these large acreage positions to generate revenues through acreage sales and to gain industry partners to help drill and fully exploit our positions."

About Mammoth Energy Group, Inc.

Mammoth, through its wholly owned subsidiary, United Gas OK, Inc., is focused on developing shallow gas projects in Northeastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay County properties in Oklahoma that cover approximately 1,400 acres.

More information is available at the company's website at

Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.

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