SOURCE: Tekoil & Gas Corporation

June 06, 2007 08:30 ET

Tekoil Appoints Gulf Coast "Manager of Operations"

THE WOODLANDS, TX--(Marketwire - June 6, 2007) - Tekoil & Gas Corporation (the "Company") (PINKSHEETS: TKGN) is pleased to announce the appointment of Ms. Margarette (Marty) Horge, as the Manager of Operations in its Houston office.

Ms. Horge has more than 20 years experience in the oil and gas business. In 2005 she joined Scotia Waterous as an Associate Engineer in their Houston office, to assist them with their acquisition and divestiture programs.

Ms. Horge contributed to the company's evaluation of production, cost, and economic data for the Permian and South Texas areas, as well as the identification of potential upside reserves for domestic and international projects. Prior to joining Scotia Waterous she worked with Castex Energy, Inc. as a Reservoir Analyst, specializing in the drilling, exploration and evaluation of properties in South Louisiana and Texas.

Tekoil's Chief Operating officer, Mr. Frank Clear, stated: "Marty was officially employed by us on June 01, 2007, and has already made a positive impact on our organization. She is capable of handling many challenges in Tekoil's demanding entrepreneurial environment, and is without question a valuable addition to the Tekoil team."

About Tekoil & Gas Corporation:

Houston-based Tekoil & Gas Corporation is a technology-driven company focused on the development, acquisition, stimulation, rehabilitation and asset improvement of small to medium-sized oil and gas fields. The combination of energy fuel reserves and advanced yield technologies are anticipated to generate value for Tekoil and its stakeholders, as the company targets above average growth in the 21st century energy sector. Additional news and information will be made available on the Tekoil website at www.tekoil.com and through further press releases as Tekoil's plans are executed.

Forward-Looking Statements:

This news release may contain certain forward-looking statements, including declarations regarding Tekoil and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements contained herein are based upon information available to Tekoil management as at the date hereof, and actual results may vary based upon future events, both within and without the control of Tekoil management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditure requirements, competition, governmental regulations and other factors, some of which are set forth in Part I, Item 2, of Tekoil's registration statement on Form 10-SB.

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