Perth, July 30, 2008 (ABN Newswire) - Exoma Energy (ASX:EXE) Announce Drilling Report For Brearley 1H-11.

Report Date: 29 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): 13,041 feet (revised)
Current Measured Depth: 13,041 feet

Progress: The Operator has advised that the Halliburton rig completed fraccing the Brearley 1H-11 well over the weekend. The well is now cleaning up and unloading the sand used in the fraccing process. The Operator expects to be able to report initial production flows in next week's drilling report.

David Rowbottam, Managing Director's comment: "We're very pleased the Operator brought forward the frac programme and also with the initial frac results over the 4,060 foot lateral section. We look forward to being able to report initial flow rates next week and stabilised flow rates from Brearley 1H-11 within the next several weeks."

Drilling updates will be reported every Wednesday in accordance with ASX Listing Rule 3.