Mesa Energy Announces Poydras Transaction

DALLAS--(Business Wire)--
Mesa Energy, Inc. (Pink Sheets: MSEG): As a result of multiple factors,
including delays associated with Hurricane Gustav and Hurricane Ike as well as
high construction costs in the summer of 2008 and the subsequent collapse of oil
prices, Mesa`s wholly owned subsidiary, Poydras Energy, LLC, has experienced
severe cash flow constraints and has had difficulty in meeting short-term cash
commitments, particularly with its vendors.

As a result, Mesa has reached an agreement with the prior owners of Poydras
Energy, LLC, wherein Mesa will transfer its ownership interest in Poydras at no
cost to the prior owners of the company in exchange for a release of any
responsibility for the liabilities and contractual obligations of Poydras. The
effective date of the transaction is June 1, 2009. As a result, Mesa will no
longer be involved in the Main Pass 35 project or the IP #1 well.

Randy M. Griffin, Mesa`s Chief Executive Officer, stated: "Although we are very
disappointed with the outcome of these efforts, we believe it is in the best
interest of Mesa and its shareholders that we take this action and move forward
with the implementation of our Business Plan."

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.
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

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