Texhoma Energy, Inc.
PINK SHEETS : TXHE

Texhoma Energy, Inc.

February 26, 2007 17:10 ET

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

HOUSTON, TEXAS--(CCNMatthews - Feb. 26, 2007) - Texhoma Energy, Inc. ("Texhoma") (PINK SHEETS:TXHE) has been informed by Key Operating Company that the "SL 16995 No. 1" 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. 1-well was reperforated in the Operc-2 Sand at 11,600 feet and produced 146 barrels of condensate (oil), 801 thousand cubic feet of gas, and 0.2 barrels of water at a flowing tubing head pressure of 3290 psi on an 11/64 choke over a 21 hour test-period before the well was put back on production. The condensate or oil content of the gas is very high and could well indicate an oil-leg to this reservoir.

The workover rig in currently moving to the "SL 16995 No. 3" for a recompletion of that well to the Lower Polaris B sand at 12,500 feet.

The 8% working interest in the Intracoastal City Field was acquired by Texaurus Energy, Inc., a wholly owned subsidiary of Texhoma, in April 2006. With the two workovers it is expected that production from the field will be restored to former levels.

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.

Contact Information