SOURCE: National Healthcare Technology

March 29, 2007 09:00 ET

Brighton Oil Completes 12 Million Dollar Acquisition

Acquisition Includes 7 Producing Wells Generating Approximately $1 Million in Annual Income With a Projected Increase in Annual Cash Flow to $6 Million on 30 Reworked Wells

DALLAS, TX -- (MARKET WIRE) -- March 29, 2007 -- National Healthcare Technology Inc. (OTCBB: NHCT), d/b/a Brighton Oil, announced today that it executed the final contracts to purchase the acquisition of over 7,500 acres in Osage County, Oklahoma. The lease currently has 7 producing wells which currently generate nearly one million dollars per year in income. Brighton intends to drill an additional 47 new wells at depths of 2,500 feet to 3,500 feet.

Furthermore, Brighton intends to rework 30 wells which will increase the cash flow to over 6 million dollars per year. The transaction is scheduled to close on April 12, 2007. The total cost of the acquisition plus the drilling of the new wells is approximately 12 million dollars. The net revenue interest is 87% and a working interest of 100% over the lease.

About Brighton Oil:

Brighton Oil is an oil and gas company with a focus on gulf coast oil and gas prospects and properties. Brighton is careful to develop a thorough drilling plan using advanced technologies in both mapping and the use of 3D seismic reports and information. Brighton Oil trades under the ticker symbol NHCT. For more information on the Company visit

This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words "expects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Brighton Oil believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.

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