Hull Energy Retains West Texas-Based Business Development Consultant

AVENTURA, Fla., July 22 /PRNewswire-FirstCall/ -- Hull Energy, Inc. (Pink
Sheets: HULL), an Oil and Gas exploration company announced today that they
have retained WS Oil & Gas, Limited ("WS"), a business development firm
headquartered in Midland, Texas, for the purpose of acquiring quality
petroleum reserves in the Permian Basin.
Hull Energy is actively seeking low risk exploitation opportunities with
infill drilling locations to further bolster their reserve base. This
strategy will allow Hull Energy to expand their reserves using a methodical
approach with the goal of producing solid cash flows. Hull CEO, Ron Ratner
said that, "This strategy will compliment our exploration model currently in
place. We own a 10% working interest in the Diamond Spring Prospect. Diamond
Springs is estimated to have the potential to yield 4 million barrels. While
we are excited and confident in the potential of that prospect we also are
pursuing the strategy of acquiring lower risk reserves to compliment our
business."
"WS has several attractive acquisition targets in our sights," said WS
president E. Will Gray. "We can help raise the financings for these
properties as well. Naturally, we are very excited about working with Hull
Energy and helping their management achieve their goals for growth."
About the Permian Basin
To further learn about the Permian Basin, please click on the following
link provided by the USGS Fact Sheet on the Permian Basin.
http://pubs.usgs.gov/fs/2007/3115/
About Hull Energy, Inc.
Hull Energy is an Oil and Gas company involved in the exploration and
joint ventures of oil and gas on existing leases or properties, showing proven
reserves. Of these properties, most according to our engineers have the
potential to produce oil and gas. Once these properties or leases are
identified via the expertise of our joint venture partners, Hull Energy
intends to hire a small staff of people to be involved in the operations on a
day-to-day basis working side by side with our joint venture partners. For
more information go to our web site www.hullenergyinc.com
This press release includes forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include
failure to complete successfully the development of new or enhanced products,
the successful implementation of acquisition program, the Company's future
capital needs, the success of competitive products, fluctuations in costs,
changes in consumer preferences and other items described in the Company's
Securities and Exchange Commission filings. The Company undertakes no
obligation to update any statements in this press release.
Company Contact: Ron Ratner 786-787-0441 ron@hullenergyinc.com

Investor Relations contact:
Kulman IR, LLC
305-749-3112
info@KulmanIR.com

SOURCE Hull Energy, Inc.

Ron Ratner, Hull Energy, Inc., +1-786-787-0441, ron@hullenergyinc.com, or
Investor Relations, Kulman IR, LLC, +1-305-749-3112, info@KulmanIR.com