Drilling in Thailand - Texhoma Energy Progress Report VANCOUVER, B.C., March 11 /PRNewswire-FirstCall/ -- Texhoma Energy, Inc. ("Texhoma") (OTC:TXHE) (BULLETIN BOARD: TXHE) has a 40%-interest in Block B7/38 through its 40% shareholding in Black Swan Petroleum Pty. Ltd. ("BSP"). The other participants are International PetroReal Oil Corporation (40%) and Maxim Resources Inc (20%). BSP has reported that the Hong Fah-B01 well has reached a depth of 1,730 meters and that the "120" and "130"-reservoir section were intersected. The "120"-reservoir was concluded to be water-saturated. The "130"-reservoir had gas shows around 1,660 meters over a 5 meter thick section; however, the section was considered too tight and non-productive with low porosity. These secondary targets have now been cemented-off and a new well-bore was started at the 1,000 m level to target the "140"-reservoir at about 2,500 m. The re-drill of the 1,000 to 1,730 meter section was planned to avoid high drilling-angles which would have been otherwise necessary. The well was drilling this morning at a rate of 40 meters/hr and is expected to reach the main target by Sunday or Monday March 14. 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., , or IR Inquiries: 1-866-685-8943 (TXHE) Web site: http://www.texhomaenergy.com/

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