Texhoma Energy, Inc.

Texhoma Energy, Inc.

March 16, 2005 18:29 ET

Texhoma Reports Significant Gas Showing to date-Hong Fah-B01 Near Completion


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TEXHOMA ENERGY, INC.

OTC Bulletin Board SYMBOL: TXHE

MARCH 16, 2005 - 18:29 ET

Texhoma Reports Significant Gas Showing to date-Hong
Fah-B01 Near Completion

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 16, 2005) - Texhoma
Energy, Inc. ("Texhoma") (OTCBB:TXHE) is pleased to provide its
shareholders with a progress report on the drilling of the "Hong
Fah-B01" well in which the Company is participating with a 40%-interest.

The "135"-reservoir section was intersected and confirmed the drill
team's geological interpretation. In addition, the sand indicated a good
quality with a porosity of 14% together with significant gas-shows.
These gas shows are indicators of the presence of hydrocarbons and they
were encountered over the entire section.

Yesterday the well reached a MD (Measured Depth) of, 2,511 meters (this
depth is equivalent to 2,099 meters TVD - True Vertical depth) at which
point it was determined that the drilling bit needed replacing before
Total Depth could be reached.

Drilling is now continuing ahead to reach and appraise the
"140"-reservoir which is the primary objective of this well.

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."

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Texhoma Energy, Inc.
    Frank A. Jacobs
    Executive Chairman
    (604) 683-2883
    or
    Texhoma Energy, Inc.
    Investor Relations Inquiries
    Toll Free: 1-866-685-8943 (TXHE)
    (604) 683-2286 (FAX)
    info@texhomaenergy.com
    www.texhomaenergy.com