SOURCE: Monogram Energy, Inc.

July 09, 2007 17:00 ET

Monogram Energy, Inc. Announces Timetable for Workover Program

RICHMOND, TX--(Marketwire - July 9, 2007) - Monogram Energy, Inc. (PINKSHEETS: MGRA), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, announced today that the Company has scheduled the workover on its first rig to begin on July 27, 2007.

Billy D. King, President and CEO of Monogram Energy, stated, "With current oil prices at or near record levels, we are eager to get our workover program off the ground. This first well requires only a minimal expenditure to bring it back online, and this will allow us to recognize some revenues quickly."

Monogram Energy, Inc. continues to move forward to take advantage of current acquisitions, and to explore new opportunities as they become available.

About Monogram Energy, Inc.:

Monogram Energy, Inc. is an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties. The Company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production. Our goal is to maintain a high risk/reward profile, thereby enabling us to return the most value to our shareholders.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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