SOURCE: Exploration and Production Corporation

March 05, 2010 16:00 ET

Grass Roots / Cohen Independent Research Issues Report on Signature Exploration and Production Corp. and Sets $2.35 One-Year Price Target

HOUSTON, TX--(Marketwire - March 5, 2010) -  Signature Exploration and Production Corporation (OTCBB: SXLP), an independent energy company engaged in the exploration, development, exploitation and acquisition of oil and natural gas properties in the U.S., announced today that Grass Roots Research and Distribution / Cohen Independent Research has issued an in-depth report ("the Report") on the Company. The Report provides a 12-month Cohen Price Target of $2.35, approximately 130% higher than Signature Exploration's current share price.

According the Report, "We expect long term upside revenue opportunities for the Company's energy properties, quality reserves and developmental pipeline. Provided the Company raises the necessary capital ($2.5 million in 2010-2011), Signature Exploration provides an exciting long term investment opportunity, in addition to a potential short term trade. This investment is for risk averse investors."

The Report details Signature Exploration's leases and interests in seven prospects across four U.S. states. The Report also offers in-depth projections and calculations using the Cohen Financial and Valuation Model. For copies of the report, please visit:

http://www.grassrootsrd.com/grassrootsrd/Reports/signature_exploration_and_production_ corp..pdf.

Cohen Research was paid a fee of seven thousand, five hundred dollars by NFC Corp. for the preparation of this research report and distribution of the report through the proprietary Grass Roots Distribution Network.

About Grass Roots / Cohen Independent Research

Cohen Independent Research Group, Inc. is the Gold Standard of fundamental securities analysis and considered Wall Street's #1 Independent Research Firm. Their proprietary in house analytical research engine, The Cohen Financial and Valuation Model, allows the firm to analyze companies at a comprehensive depth and level unavailable to any other independent fundamental research firm. See www.cohenresearch.com.

About Signature Exploration and Production Corp.

Signature Exploration and Production Corp. is an independent energy company engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas along the gulf coast of Texas. Management's strategy is to continue making acquisitions of select properties that have been identified as economically attractive, technically and geologically sound and have significant upside potential. Visit www.signatureexploration.com for more information.

This news release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These statements involve risks and uncertainties, which could cause actual results to differ materially from those in the forward-looking statements contained herein. Such risks and uncertainties may include, but are not limited to, the impact of oil and gas prices, the ability to manage growth and acquisitions, equipment or human resources, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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