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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