Texhoma Energy, Inc.
PINK SHEETS : TXHE

Texhoma Energy, Inc.

October 30, 2006 08:30 ET

Texhoma Energy, Inc.: Texas Sandy Point Drilling to Commence

HOUSTON, TEXAS--(CCNMatthews - Oct. 30, 2006) - Texhoma Energy, Inc. (PINK SHEETS:TXHE) is pleased to announce that the operator, Sunray Operating Company LLC ("Sunray"), has secured a drilling rig and is preparing the location for the drilling of the Sandy Point No. 3 Fite well in Brazoria County, Texas. Sunray estimates the cost to drill to 7000' to be $442,000. The cost for Texhoma's 10% working interest of $44,200 has been pre-paid.

Sunray considers this to be a high potential location with gross possible reserves of 225,000 barrels of oil and 400 million cubic feet of gas. Drilling is expected to commence by mid-November 2006.

This well will offset the Company's Sandy Point No. 1 Fite and is close to existing infrastructure for immediate production. If successful, Texhoma will be responsible for a nominal completion cost.

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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