Mexco Energy Corporation announces exploration and development results
  by: OilOnline
  Tuesday, May 20, 2008

Mexco Energy Corporation has announced completion of a well in Loving County, Texas.

Mexco Energy Corporation acted as operator of a discovery well drilled to a depth of approximately 6,680 feet in the Cherry Canyon producing interval in Loving County, Texas. This well produced from a 45 acre drilling and spacing unit on a 24/64" choke flow test on May 16, 2008 at a rate of 3,450,000 cubic feet of gas per day with a flowing tubing pressure of 1,000 pounds per square inch, 912 barrels of water and 48 barrels of oil per day. Mexco's working interest in this well is 31.25% (net revenue interest of 22.94%). Further testing, exploration and development of this discovery is anticipated and we will issue an update later in the week.

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