TransAmerican Energy Inc.

TransAmerican Energy Inc.

April 16, 2008 13:12 ET

TransAmerican Reports Drilling Progress in Pelahatchie Field, Mississippi

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2008) - TransAmerican Energy Inc. (TSX VENTURE:TAE)(FRANKFURT:YQJ) (the "Company" or "TransAmerican") has been advised by the Operator, Odyssey Petroleum Corp. (TSX VENTURE:ODE) that drilling is progressing on the new well in Pelahatchie field. The well reached total depth of 10,700 feet this morning, with targeted depth at 11,500 feet. The J. Cox 18-10 #1 well was spudded 10 days ago. Surface casing was set at 3,800 feet, and drilling with 7 7/8's bit has continued to this depth. If progress continues as anticipated, the well should reach total depth within the next few days and will be logged for evaluation.

The Operator further reported that the Karges 18-7 #1 well had production tubing delivered to the restored location this morning, and has a completion rig scheduled to commence completion of the well by Monday, April 21. The recently drilled Max Gill well has had a pumping unit and production equipment installed, and will begin production this week.

Refer to April 1, 2008 News Release for particulars of TAE's interest in these wells.

Please visit the Company's website at


Jurgen Wolf, Director

Forward-Looking Statements:

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in TransAmerican's periodic filings with Canadian and European Securities Regulators. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. TransAmerican does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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