Drilling Report
March 03 2005 - 1:37PM
PR Newswire (US)
Drilling Report VANCOUVER, British Columbia, March 3
/PRNewswire-FirstCall/ -- Texhoma Energy, Inc. ("Texhoma") (OTCBB:
TXHE) would like to inform its shareholders that the drilling of
the Hong Fah-B01 well in Thailand has started. Texhoma has a 40%
interest in the petroleum concession offshore Thailand, referred to
as Block B7/38 through its shareholding in Black Swan Petroleum Pty
Ltd, ("BSP"). The other participants are International PetroReal
Oil Corporation with 40%, and Maxim Resources, Inc. with 20%. The
Operations Manager for BSP, Mr. Simon Zoller, reports from the
drilling rig this morning that 9-5/8"-casing has been set at 336
meters depth as planned. Preparations are being made to commence
the drilling of the 8-1/2" section of the well. Operations are
ahead of schedule and under budget. Indications of hydrocarbons are
not expected until prospective horizons in the well are penetrated
at the 1,200 meters level or deeper ("120"-reservoir),
approximately 6-7 days drilling. The well's primary target is the
"140"- reservoir, which exhibited 100 meters of gross hydrocarbon
pay in the Hong Fah-A01 well drilled by Shell in 1991, at an
expected depth of 2,200 meters. Total depth of the well is planned
for 2,500 meters. For further information, please contact the
undersigned. Texhoma Energy, Inc. Frank A. Jacobs Executive
Chairman Web Site: http://www.texhomaenergy.com/ Email: Investor
Relations Inquiries: Toll Free 866-685-8943 (TXHE) 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: Frank A. Jacobs, Executive Chairman
of Texhoma Energy, Inc., +1-866-685-8943 (TXHE) or Web site:
http://www.texhomaenergy.com/
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