DALLAS, TX, March 18 /PRNewswire-FirstCall/ -- (OTC-EGYF.PK) The company announces after receiving preliminary report from Wilford Lee Stepp, Consulting Petroleum Geologist, based in Texas, USA recommends the following. A proposed location for a Paluxy zone test is recommended with a depth of 750 feet, 2200 feet from West Line, 1320 feet from South Line, Sec. 87 HE & WT Block E, two and half miles north of Lula. Scales 1600 feet SE of MegaWest #1 Mitchell dry hole. The recommendations include setting casing at 650 feet, drilling into the Paluxy zone expected at 720 feet, with about 12 feet of Oil zone. Swabbing the well should test productivity. Another zone in the middle of Glen Rose at 850 feet depth which has 10 feet of high resistivity on the logs of older wells and the MegaWest # 1 Mitchell, which may be tested, depending on the testing of the Paluxy zone. The object of testing is to determine if a pilot steam flood system can be justified, leading to further developments. To evaluate the Trinity Sands at 990 feet to 1100 feet, another drill hole near the above proposed location, should be drilled at 960 feet, cased and penetrating the separate Trinity Sands, swab tested, looking for Oil in those sands and a possible steam flood prospect. Historic Information on Trinity Sands: Since 1969, companies such as Shell, Getty, Murphy Oil, Dorchester and Carmel Energy have drilled and cored wells to quantify the heavy oil resource and have tested steam recovery in this project area. The well data encouraged further drilling and testing, but the then existing economic conditions did not support commercial development. There are also references to primary oil production from one of the wells. In 1986 Meteor Developments Inc. undertook a technical study of the Rocksprings area and prepared a commercial development plan based on steam flood technology. Meteor's plan included the construction of an 80,000 barrels of oil per day oil treating facility. However, the development timing conflicted with the downturn in oil prices in the mid and late 1980's. Two formations in this area are oil bearing - the Paluxy Lime (average depth of 500 ft.) and the Trinity Sands (average depth of 1,000 ft.). The majority of the data for the Trinity Sand formation comes from wells drilled en route to the deeper gas formations. Electrolog and core analyses demonstrate oil in the Trinity Sand formation throughout the area, but no commercial production has been established to date. Aggregate sand sections vary from 40 to 140 feet in thickness. FORWARD LOOKING STATEMENTS The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases. Furthermore, the forward-looking statements contained in this news release are made as of the date of this news release, and, except as required by law, Energy Finders does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. DATASOURCE: Energy Finders, Inc. CONTACT: about Energy Finders Inc. please visit our website at http://www.energyfindersinc.com/ or contact us directly at (604) 687-7492; Energy Finders, Inc. Dallas, TX, 75244, Phone: (604) 687-7492, Fax; (604) 677-0808

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