EX-99.3
6
ex993.htm
EX 99.3
EX 99.3
EXHIBIT
99.3
Texhoma
Increases its Interest in Clovelly South
Thursday
February 2, 11:11 pm ET
HOUSTON--(BUSINESS
WIRE)--Feb. 2, 2006--Texhoma Energy, Inc. ("Texhoma") (PINK SHEETS:TXHE
-
News)
is
pleased to announce that it has entered into an agreement to acquire a
further
5% working interest in "Clovelly South", increasing its total interest
to 11%.
Texhoma's financial obligation under the operating agreement is now
approximately $400,000.
The
prospect is located in Lafourche Parish, Louisiana and operated by ORX
Resources, Inc. It is expected that drilling of the prospect will commence
as
soon as a rig is available.
The
prospect is defined by 3D seismic and is adjacent to the Clovelly Field
which
has produced 35 million barrels of oil and 200 billion cubic feet of gas
since
its discovery in the 1950s. The drilling targets are two reservoirs at
a depth
of approximately 14,000 feet. The prospective size is estimated at 3.6
million
barrels. In the event of a discovery, facilities for the production of
the well
are available. A discovery would lead to the drilling of several development
wells on the 1260 acre property.
Texhoma
Energy, Inc.
Frank
A.
Jacobs, Executive Chairman
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".
Texhoma
Energy, Inc. (OTC Bulletin Board:TXHE
-
News)
Contact:
Texhoma
Energy, Inc.
Peter
Wilson
Investor
Relations Inquiries
(604)
629-8603
info@texhomaenergy.com
www.texhomaenergy.com

EX - 99 . 3 6 ex993 . htm EX 99 . 3 EX 99 . 3 EXHIBIT 99 . 3 Texhoma Increases its Interest in Clovelly South Thursday February 2 , 11 : 11 pm ET HOUSTON -- ( BUSINESS WIRE ) -- Feb. 2 , 2006 -- Texhoma Energy , Inc . ( " Texhoma " ) ( PINK SHEETS : TXHE - News ) is pleased to announce that it has entered into an agreement to acquire a further 5 % working interest in " Clovelly South " , increasing its total interest to 11 % . Texhoma 's financial obligation under the operating agreement is now approximately $ 400,000 . The prospect is located in Lafourche Parish , Louisiana and operated by ORX Resources , Inc . It is expected that drilling of the prospect will commence as soon as a rig is available . The prospect is defined by 3D seismic and is adjacent to the Clovelly Field which has produced 35 million barrels of oil and 200 billion cubic feet of gas since its discovery in the 1950s . The drilling targets are two reservoirs at a depth of approximately 14,000 feet . The prospective size is estimated at 3 . 6 million barrels . In the event of a discovery , facilities for the production of the well are available . A discovery would lead to the drilling of several development wells on the 1260 acre property . Texhoma Energy , Inc . Frank A . Jacobs , Executive Chairman 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 " . Texhoma Energy , Inc . ( OTC Bulletin Board : TXHE - News ) Contact : Texhoma Energy , Inc . Peter Wilson Investor Relations Inquiries ( 604 ) 629 - 8603 info@texhomaenergy.com www.texhomaenergy.com
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