SOURCE: Tiger Oil and Energy, Inc.

February 15, 2011 01:00 ET

Tiger Oil and Energy Files for Drilling Permits and Initiates Oil Drill Program on Recently Acquired Oil Leases

WICHITA, KS--(Marketwire - February 15, 2011) - Tiger Oil and Energy Inc. (OTCBB: TGRO), a diversified energy exploration company, is pleased to announce a permit has been filed on its newly acquired oil and gas holdings in Cowley County, Kansas. Company geologists have reviewed the Holman #2, #3, #4, and #5; the Adams #1 and the Glasse wells commonly known as the Wise #1 and Roberts #1, and have recommended a 7 well exploration and production study. The acquisition of a 100% interest in three historically productive oil and gas leases, with an undivided eighty-one and one-half percent (81.5%) working interest, totaling 400 acres in Southern Kansas, inaugurates the first of Tigers 2011 expansion and growth programs

Historical production produced economic values prior to shut-in and Tiger Oil plans to proceed with a wash down and return to production of our first target, the Adams #1 well. TGRO has submitted permit applications for a Notice of Intent to Drill with the Kansas Corporation Commission, Oil and Gas Conservation Division and a Slick Water Frac is planned. TGRO is scheduling the operation for late February early March with a projected total depth of 3300-3800 feet. A second drill project will be announced soon.

Tiger Oil and Energy previously announce it had entered into a joint development agreement on 12 parcels totaling over 2500 acres of oil and gas acreage. Southern Kansas has a long successful history of oil discovery dating back over 150 years and current production has risen above 39 million barrels, the highest level since 1997. With the use of modern technology, TGRO plans to return previously depleted or abandoned wells to production.

Tiger Currently owns two oil and gas interests in Creek County, Oklahoma, The Shilo #1, a 7.5% working 80% net revenue interest and the Shilo #2, a 11.5% working interest with 80% net revenue interest.

"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995: The statements in all press releases that relate to the company's expectations, with regard to the future impact on the company's results from new projects in development, are forward-looking statements. A complete disclosure of our "SAFE HARBOR "statement is posted on our website at www.TigerOilAndEnergy.com under the heading "NEWS."

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