Drilling in Thailand - Texhoma Energy Progress Report
March 11 2005 - 5:03PM
PR Newswire (US)
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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