Signature Exploration and Production Corp. provides additional information on the Company's Victoria County, Texas "Koliba" prospect.

The new well will be drilled to approximately 6,800 feet to test 3 Frio Sand zones. It is believed that Frio geological formation wells usually enjoy lower exploration costs resulting in higher success ratios.

Typically, these types of projects have shallower depths and reduced completion costs. Records from the Railroad Commission of Texas, which was established in 1891 and is the oldest regulatory agency of its kind in the nation, state 7 wells from these 3 target zones have produced 390,426 barrels of oil and 2,472,481 MCF (thousand cubic feet) of gas. The new well will be drilled only 250 feet from another that was productive in all three zones.

Steven Weldon, CEO of Signature Exploration and Production Corp., stated, "The neighboring production, the past successes of these targeted zones and the supporting data has convinced us that we should have an extremely productive multiple zone oil and gas well at Koliba."

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