Rig on Location
February 28 2005 - 12:45PM
PR Newswire (US)
Rig on Location VANCOUVER, British Columbia, Feb. 28
/PRNewswire-FirstCall/ -- Texhoma Energy, Inc. ("Texhoma") (OTCBB:
TXHE) would like to inform its shareholders that drilling in
Thailand is to commence next week. Texhoma is a 40% shareholder in
Black Swan Petroleum Pty Ltd, ("BSP"), which holds a 100% interest
in exploration concession B7/38, offshore Thailand. BSP has
informed its shareholders that it received the "Trident-16" jack-up
drilling rig on Saturday, February 26, 2005. After a short
inspection, the rig will be towed to the first of two locations to
drill an appraisal well on the Hong Fah prospect commencing on or
about March 3, 2005. The Hong Fah well-A01 drilled by Shell in 1991
encountered approximately 100 meters of gross pay in the
"140"-objective but was not within closure for the shallower
"120"-reservoir. BSP's geological and engineering staff designed
the Hong Fah-B01 well to appraise the "140"- reservoir and test the
"120"-objective in an optimum location, based on 3-D seismic-data.
Following the drilling of Hong Fah-B01 well, which is expected to
take approximately 16 days, Texhoma may undertake a test program
prior to the rig being moved to the second drilling location in the
latter half of March. For further information, please contact the
undersigned or Ms. Nathalie Pilon. Texhoma Energy, Inc. Frank A.
Jacobs Executive Chairman http://www.texhomaenergy.com/ or
604-683-2220 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."
DATASOURCE: Texhoma Energy, Inc. CONTACT: Nathalie Pilon, or Frank
A. Jacobs, Executive Chairman, both of Texhoma Energy, Inc.,
+1-604-683-2220 Web site: http://www.texhomaenergy.com/
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