SOURCE: Monogram Energy, Inc.

April 21, 2008 05:30 ET

Monogram Energy, Inc. Is Poised to Capitalize From Its T.W. Martin Leases

RICHMOND, TX--(Marketwire - April 21, 2008) - Monogram Energy, Inc. (PINKSHEETS: MGRN), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, is excited to announce today that the Company's workover program on the T.W. Martin lease in Corsicana, Texas, is currently in progress and is estimated to produce 100 barrels per month. The company is poised to make its first sale from these wells, and is currently pursuing additional leasing opportunities. The T.W. Martin lease comprises 70 acres with 12 wells and is located in Navarro County. The county produces around 600,000 barrels annually.

It has been reported that despite the relatively small amounts of energy in the West, the Bush administration has removed barriers to drilling on a net 45 million acres in 12 western states and has lifted environmental protections and emphasized drilling on lands already open to oil and gas development. This has opened the doors for many domestic Oil & Gas companies, such as Monogram Energy, and has been a great contribution in the facilitation of oil and gas production.

"We are very excited about the progress in Corsicana and we look forward to future acquisitions," stated Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. Mr. King became interested in the production of oil & gas during his ten years of employment as an attorney for the Halliburton Company, and with his representation of independent oil companies during his years as a private practitioner. Monogram Energy's goal is to maintain a high risk/reward profile, thereby enabling them to return the most value to its shareholders.

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.

Billy D. King, the Chairman & CEO, is a graduate of St. Mary's University School of Law, and has been in the field of oil & gas law in excess of thirty years.

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.

Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Monogram Energy, Inc.

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