SOURCE: Monogram Energy, Inc.

September 12, 2007 07:00 ET

Monogram Energy, Inc. Eyes Additional Leases in Corsicana, Texas

RICHMOND, TX--(Marketwire - September 12, 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 is in negotiations to acquire additional oil leases near Corsicana, Texas.

The Company is currently evaluating a lease with seven (7) wells. These are in addition to the wells mentioned in the Company's previous news on August 29, 2007. Billy D. King, President and CEO of Monogram Energy, stated, "These wells will only require a minimal amount of workover, and should be able to be put back into production without much expenditure. This provides us the opportunity to start generating revenues quickly."

Corsicana is located in Navarro County, Texas. The first commercial oil well west of the Mississippi was drilled in Corsicana in 1894. There are currently around 700 producing wells in Navarro County, and many of them have been producing for 40 years. The county produces around 600,000 barrels annually.

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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