Mesa Energy, Inc. has made significant progress in the development of its Coal Creek and Main Pass 35 projects and expects production from both projects to commence in the fourth quarter of 2008.

After the successful testing of the Cook #1 gas well (the well was tested on May 13, 2008, and flowed 900 thousand cubic feet per day on a 32/64ths choke), final construction was initiated on approximately three miles of pipeline which will connect the Cook #1 and future wells to an Arkansas Oklahoma Gas Company (AOG) sales line. A portion of the new line has been completed with final construction and hook-up to occur as soon as final permits are received.

In addition, a rig has been scheduled to drill and complete the Gipson #1, a direct offset to the Cook #1. The Gipson #1 will be drilled to a total depth of approximately 4,500’ to test the Brent Sand as well as other prospective zones.

The rehabilitation of the processing facility is approximately 70% complete. There was no damage to the facility from any of the recent storms; however, work has been held up from time to time due to the lack of availability of barges, crews, fuel, etc. in the Venice, Louisiana area. The facility is expected to be operational in a matter of weeks with production to begin in the fourth quarter.

A third party report dated February 15, 2008 estimates the un-risked reserves to Mesa’s net working interest to be approximately 468,000 BOE (168,000 BOE Proved).

Randy M. Griffin, Mesa’s Chief Executive Officer, stated: “We are pleased with the progress of these two projects and look forward to commencement of production in these fields very soon.”

Tags: Mesa Energy