SOURCE: Tekoil & Gas Corporation

April 18, 2007 08:46 ET

Tekoil Files Registration Statement on Behalf of Selling Shareholders

THE WOODLANDS, TX -- (MARKET WIRE) -- April 18, 2007 -- Tekoil & Gas Corporation (the "Company") (PINKSHEETS: TKGN) announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission in order to allow the resale of up to 41,800,190 shares of its common stock outstanding or underlying Series A preferred stock, an agreed convertible note and an agreed warrant.

This communication does not constitute an offer of any securities for sale.

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