Perth, July 2, 2008 (ABN Newswire) - Exoma Energy (ASX:EXE) has reported progress: The casing shoe was set at 8,981 feet and the well is drilling ahead at a measured depth of 9,566 feet in the Cleveland Formation with increasing gas shows from mudlogs. The Operator is drilling approximately 200‐300 feet horizontally per day and should reach Total Measured Depth in 10‐14 days.

Drilling Report: Brearley 1H-11
Report Date: 1 July, 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: 9,566 feet

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