Mesa Energy Announces Successful Well Test

2008-05-20 23:59:44 -

- Mesa Energy, Inc. (Pink Sheets:MSEG) is pleased to announce the successful testing of the Cook #1 gas well in its Coal Creek Prospect. The well was tested on May 13, 2008, and flowed 900 thousand cubic feet per day on a 32/64ths choke. Final construction of approximately three miles of pipeline which will connect the Cook #1 and future wells to an Arkansas Oklahoma Gas Company (AOG) sales line is expected to begin in a few days.

In addition, a rig has been scheduled for June 15, 2008, to drill and complete the Gipson #1, a direct offset to the Cook #1 and a twin to the Eglinger #1. The Eglinger #1 was drilled in 1944 in search of oil and encountered gas in two Brent Sand zones between 1,200 and 1,300 feet. It tested 1.5 million cubic feet per day from these intervals. Due to the lack of a viable gas market at that time, this well was not hooked up and was later plugged. The Gipson #1 will be drilled to a total depth of approximately 4,500' to test the Brent Sand as well as other prospective zones.

The Coal Creek Prospect is an 800 acre developmental prospect targeting the Brent Sand, a shallow gas reservoir present in the Arkoma Basin of eastern Oklahoma. We believe there could be several additional offset drilling locations and expect additional wells to be drilled later in 2008 as part of the overall development plan for the property.

Randy M. Griffin, Mesa's Chief Executive Officer, stated: "We are extremely pleased with the results of the testing of the Cook #1 and look forward to commencement of production in this field very soon."

About Mesa Energy, Inc:

Mesa Energy, Inc. is an independent oil & gas exploration and production company based in Dallas, Texas. The Company's business plan is to build a strong, balanced and diversified portfolio of oil and gas reserves and production revenue through the acquisition of solid, long-term existing production with enhancement and developmental drilling potential as well as the acquisition of multi-well, defined-risk, exploratory and developmental drilling opportunities. The company currently owns or controls properties located in the states of Texas, Oklahoma, Louisiana, Wyoming and Mississippi. Additional information concerning Mesa Energy is available at www.mesaenergy.us.

Forward Looking Statements:

A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may, "could," or "might," occur. Such statements reflect the current views of the company's management with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the success of our drilling, completion and production operations, competitive market conditions, the ability to secure additional sources of financing, the ability to maintain optimal operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the "forward-looking" statements contained in this news release.

Mesa Energy, Inc.
Randy M. Griffin, 972-490-9595
info@mesaenergy.us