Perth, June 25, 2008 (ABN Newswire) - Exoma Energy (ASX:EXE) has reported Brearley 1H-11 has reached casing point within the target Cleveland Formation. Once the well is cased, the horizontal will be drilled 4500 feet due north. At the current rate of progress, the well is not expected to reach target depth and begin testing for another two weeks.

Report Date: 24 June, 2008
Project: Anadarko Basin Horizontal Drilling Programme
Location: Ellis County, Oklahoma
Well: Brearley 1H-11
Spud Date: 8 June, 2008
Exoma Working Interest: 25.87% (free carried)
Operator: Crusader Energy Group LLC.
Objective: 1.5 BCF gas and 50,000 barrels of oil
Total Vertical Depth (TVD): 8,600 feet
Total Measured Depth (TMD): 13,500 feet
Current Measured Depth: 8,981 feet

Drilling updates will be reported every Wednesday in accordance with ASX Listing Rule 3.1