Texhoma Energy, Inc.

Texhoma Energy, Inc.

March 17, 2005 19:20 ET

Texhoma Reports that Hong Fah-B01 Reaches Total Depth


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TEXHOMA ENERGY, INC.

OTC Bulletin Board SYMBOL: TXHE

MARCH 17, 2005 - 19:20 ET

Texhoma Reports that Hong Fah-B01 Reaches Total Depth

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 17, 2005) - Texhoma
Energy, Inc. ("Texhoma") (OTCBB:TXHE) wishes to provide its shareholders
with a final report on the drilling of the "Hong Fah-B01" well in which
the Company is participating with a 40%-interest.

Last night the well reached its targeted TD (Total Depth) of 2,800
meters. The "140"-reservoir section was intersected but exhibited only
minor gas shows that did not warrant any further testing. The decision
was made to plug and abandon the well.

The Company and its joint venture partners are currently evaluating the
results of the "Hong Fah-B01" well and several other drill-ready
prospects within the B7/38 permit with the intention to recommence
exploration later this year. The information gained from this drilling
campaign is invaluable and needs to be fully analyzed and understood
prior to further drilling being undertaken.

Despite results, the Company is pleased to have the opportunity to
participate in several 3D- seismic identified oil and gas prospects in
Block B7/38 in the Gulf of Thailand where many major international oil
and gas producers have been extremely successful.

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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Contact Information

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