SOURCE: Energy Exploration International, Inc.

May 10, 2006 12:31 ET

Energy Exploration International Signs Property Development Group as Drilling Operator

DALLAS TX -- (MARKET WIRE) -- May 10, 2006 -- Energy Exploration International, Inc. -- EEI -- announced that they have contracted with Property Development Group (PDG), www.pdgenergy.net, to drill and operate the wells of their Sanchez-Lawson Joint Venture. Mr. Ron Herzfeld, President of PDG, has extensive serpentine exploration experience and has operated over 80 producing wells, including 8 new documented field discoveries, 5 of which are serpentine wells in the Prue Ranch field.

EEI is an energy exploration company based in Dallas, Texas, USA: www.eei-inc.com. As the managing venturer of the Sanchez-Lawson Joint Venture, EEI plans to drill 3 Oil and/or Gas wells on approximately 724 acres located in Atascosa County, Texas USA.

Mr. Herzfeld is widely published in "Oil and Gas Journal" and "World Oil," and is an active member of American Association of Petroleum Geologists (AAPG), The Geological Society of America (GSA), and the New York Academy of Sciences (NYAS).

FORWARD-LOOKING STATEMENTS

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Energy Exploration International, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • PR Contact:
    Curtis Best
    +1 (214) 570-0280