Texhoma Energy, Inc.

Texhoma Energy, Inc.

March 29, 2005 19:38 ET

Texhoma to Expand Portfolio


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TEXHOMA ENERGY, INC.

OTC Bulletin Board SYMBOL: TXHE

MARCH 29, 2005 - 19:38 ET

Texhoma to Expand Portfolio

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2005) - Texhoma
Energy, Inc. ("Texhoma") (OTCBB:TXHE) is pleased to announce that, in
addition to its 40% participation in Block B7/38 in the Gulf of
Thailand, it is expanding its operations into a number of oil and gas
projects in Louisiana, USA.

By capitalizing on its experience and network of contacts in the region,
the Company secured an option to participate in the Washington Field
Prospect, the right to buy a 5% interest in the Intra Coastal Field, and
participation in the Clovelly Oil Prospect.

The company has targeted a 20% participation in the Washington Field
Prospect. Developed during the 1930s - 1960s, the field produced 40
MMBBLS of oil and 300 BCF of gas. The field's operator believes that
remaining recoverable reserves are equal or greater to those already
produced. Two appraisal wells will be drilled next month. Pending those
results, a 3-D seismic survey will be undertaken for the entire
40,000-acre lease area.

The Intra Coastal Field discovered and brought into production in 2004
is currently producing 7.5 MMCFD and 150 BBL condensate per day (gross).
One additional gas well will be drilled this fall and two oil wells are
scheduled for drilling next year to tap a reservoir with estimated
reserves of 2-3 mill bbls. The field's recoverable gas reserves are
estimated at 30-50 BCF. The Company is negotiating to acquire a 5%
working interest.

Texhoma has a 6% participation in the Clovelly Oil Prospect. An
appraisal well will be drilled in June; the target is across a
structural saddle near a highly productive area.

Texhoma Energy, Inc.

Frank A. Jacobs, Executive Chairman

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