Texhoma Energy, Inc.

Texhoma Energy, Inc.

March 21, 2007 09:02 ET

Texhoma Energy, Inc.: Second Successful Recompletion at Intracoastal City Field

HOUSTON, TEXAS--(CCNMatthews - March 21, 2007) - Texhoma Energy, Inc. ("Texhoma") (PINK SHEETS:TXHE) has been informed by Key Operating Company that the "SL 16995 No. 3" well in the Intracoastal City Field, Vermilion Parish, Louisiana, has been successfully recompleted. The gas field, also known as the Little White Lake property, was producing from three wells before two wells started to produce too much water with the gas in the third quarter of 2006.

The No. 3 well was successfully recompleted in the Lower Polaris Sand at a depth of 12,514 feet and produced at a rate of 44 barrels of condensate (oil) and 1.5 million cubic feet of gas per day.

On February 26, 2007 we reported that the SL 16995 #1 was also successfully recompleted. Since recompletion this well has maintained its production with a slight increase and is now producing 157 barrels of condensate per day and 965 thousand cubic feet of gas per day.

With this production increase the Company now produces the total equivalent of 130 barrels of oil per day from three separate fields with an estimated net cashflow of $240,000 per month.

The 8% working interest in the Intracoastal City Field was acquired by Texaurus Energy, Inc., a wholly owned subsidiary of Texhoma, in April 2006 together with holdings in the Barnes Creek Gas Field and Edgerly Oil Field.

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." The Company takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties that is not sanctioned by the Company.

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