Perth, July 9, 2008 (ABN Newswire) - Exoma Energy (ASX:EXE) has reported progress: The well has drilled approximately 3400 feet of the planned 4500 foot lateral bore with continuing gas shows. At the current rate of progress, the well should reach TMD before the end of this week. The Operator will then analyse the mud log results prior to seeking participant approval for the completion strategy.

Drilling Report: Brearley 1H-11
Report Date: 8 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: 12,450 feet

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