Texhoma Energy, Inc.
OTC Bulletin Board : TXHE

Texhoma Energy, Inc.

August 26, 2005 09:30 ET

Texhoma Comments on Revised Filing/Thailand Exploration Update

HOUSTON, TEXAS--(CCNMatthews - Aug. 26, 2005) - Texhoma Energy, Inc. ("Texhoma") (OTCBB:TXHE) comments on "E" on the Company's OTC-BB trading symbol. The Company is currently in the process of re-filing financial statements with the SEC to include consolidated audited financials of BSP (Black Swan Petroleum) which involves two companies, one in Thailand and one in Australia, both of which have different year-end dates. The company currently has audited Financials through 2004 according to Thai GAAP and Australian GAAP. The subsidiary accounts need to be compliant with US GAAP standards and we are in process of finalizing the engagement of a US-based CPA firm for the subsidiary US GAAP restatement. Texhoma's management has been in contact with the SEC and is confident that these consolidation and logistic issues will be resolved and the "E" removed when completed.

Additionally, Texhoma Energy, Inc. is pleased to announce that the Company has received conditional approval from the DMF (Department of Mineral Fuels, Thailand) as to the "good Standing" of its permit in Block B7/38 in the Gulf of Thailand and to its entering into the Third exploration obligation period running from March 3, 2005 to March 2, 2008.

Several major Oil and Gas companies currently produce and many more are exploring the Gulf of Thailand for oil close to Block B7/38. To date Texhoma, its partners and previous owners have expended over US $10 Million is seismic and drilling activities.

Safe Harbor Statement: "This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein."

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