Mesa Energy Announces Successful Well Test

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Tue May 20, 2008 1:13pm EDT

DALLAS--(Business Wire)--
Mesa Energy, Inc. (Pink Sheets:MSEG) is pleased to announce the
successful testing of the Cook #1 gas well in its Coal Creek Prospect.
The well was tested on May 13, 2008, and flowed 900 thousand cubic
feet per day on a 32/64ths choke. Final construction of approximately
three miles of pipeline which will connect the Cook #1 and future
wells to an Arkansas Oklahoma Gas Company (AOG) sales line is expected
to begin in a few days.

   In addition, a rig has been scheduled for June 15, 2008, to drill
and complete the Gipson #1, a direct offset to the Cook #1 and a twin
to the Eglinger #1. The Eglinger #1 was drilled in 1944 in search of
oil and encountered gas in two Brent Sand zones between 1,200 and
1,300 feet. It tested 1.5 million cubic feet per day from these
intervals. Due to the lack of a viable gas market at that time, this
well was not hooked up and was later plugged. 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 Coal Creek Prospect is an 800 acre developmental prospect
targeting the Brent Sand, a shallow gas reservoir present in the
Arkoma Basin of eastern Oklahoma. We believe there could be several
additional offset drilling locations and expect additional wells to be
drilled later in 2008 as part of the overall development plan for the
property.

   Randy M. Griffin, Mesa's Chief Executive Officer, stated: "We are
extremely pleased with the results of the testing of the Cook #1 and
look forward to commencement of production in this field very soon."

   About Mesa Energy, Inc:

   Mesa Energy, Inc. is an independent oil & gas exploration and
production company based in Dallas, Texas. The Company's business plan
is to build a strong, balanced and diversified portfolio of oil and
gas reserves and production revenue through the acquisition of solid,
long-term existing production with enhancement and developmental
drilling potential as well as the acquisition of multi-well,
defined-risk, exploratory and developmental drilling opportunities.
The company currently owns or controls properties located in the
states of Texas, Oklahoma, Louisiana, Wyoming and Mississippi.
Additional information concerning Mesa Energy is available at
www.mesaenergy.us.

   Forward Looking Statements:

   A number of statements referenced in this Release, and any other
interviews that have been made, are forward-looking statements, which
are made pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995, and within the meaning of
Section 27A of the Securities Act of 1933 and Section 21B of the
Exchange Act of 1934. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, and goals, assumption of future events or
performance are not statements of historical fact and may be
"forward-looking statements." Forward looking statements are based on
expectations, estimates and projections at the time the statements are
made that involve a number of risks and uncertainties which could
cause actual results or events to differ materially from those
presently anticipated. Forward looking statements may be identified
through the use of words such as "expects," "will," "anticipates,"
"estimates," "believes," or statements indicating certain actions
"may, "could," or "might," occur. Such statements reflect the current
views of the company's management with respect to future events and
are subject to certain assumptions, including those described in this
release. These forward-looking statements involve a number of risks
and uncertainties, including the success of our drilling, completion
and production operations, competitive market conditions, the ability
to secure additional sources of financing, the ability to maintain
optimal operating expenses, and other factors. The actual results that
the Company achieves may differ materially from any forward-looking
statements due to such risks and uncertainties. The Company does not
undertake any responsibility to update the "forward-looking"
statements contained in this news release.

Mesa Energy, Inc.
Randy M. Griffin, 972-490-9595
info@mesaenergy.us

Copyright Business Wire 2008
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