News | April 14, 2008

TGO Permian LLC Estimates 1.5 Million Barrels From Permian Basin 15 Prospect

Plano, TX - Following months of detailed land surveying and obtaining permits from the Railroad Commission and Texas water board, oil and gas exploration company TGO Permian, LLC has commenced drilling of the TGO Permian 15 Prospect well.

"Based on geological surveys, we expect the well to produce 1.5 million barrels of oil," says Jeremy Soder, broker at Texas Securities Partners, LLC. TGO Permian, LLC's registered placement agent is Texas Securities Partners, LLC.

A barrel of oil contains 42 gallons and yields approximately 19 to 20 gallons of gasoline depending on the refinery. American's consume approximately 20 million barrels of oil per day according to the Department of Energy.

"Every barrel of oil we extract from U.S. soil leads to greater independence from foreign oil. Texas' Permian Basin is rich with oil and is our area of focus for the next several years," says Tony Morrison, Chief Operating Manager of TGO Permian, LLC.

Additional information about the TGO Permian 15 Prospect can be found on the TGO Permian, LLC website (http://www.tgopermian.com) or by contacting Tony Morrison at 866.496.7950. The Funding for the TGO Permian 15 Prospect was closed in March of 2008.

SOURCE: TGO Permian, LLC