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Wednesday, 06/07/2006 8:38:15 AM

Wednesday, June 07, 2006 8:38:15 AM

Post# of 36
GFPE: Gulf Petroleum GFPE Retains Financial Auditing Firm
Wednesday June 7, 8:30 am ET


CARENCRO, La.--(BUSINESS WIRE)--June 7, 2006--Gulf Petroleum Exchange, Inc. (Pink Sheets:GFPE - News) announced today that they have retained the Oklahoma City accounting firm of Murrell, Hall, McIntosh & Co., PLLP to audit the company in an effort to get listed on the NASDAQ OTCBB.
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Gulf's intention is to file form 10SB with the SEC to become a reporting company under Section 12(g) securities exchange act of 1934. The audit is integral to the 10SB filing and the companies' ultimate visibility as it moves upward.

Warren (Skip) Wheeler President of Gulf Petroleum stated, "the audit is paramount in our attainable goal of matriculating into a Fully Reporting Bulletin Board company and eventually being listed on the NASDAQ."

About Murrell, Hall, McIntosh & Co:

Established in 1973, the firm has grown to become one of the largest CPA firms in Oklahoma. They have a wide array of experience providing services to clients in local, national and international markets. Their clients include a diverse group of large and small, private and public companies in many industries including but not limited to oil and gas. They are known to handle large clients very professionally and small companies with a personal touch.

About Gulf Petroleum Exchange:

Gulf Petroleum Exchange, a multi-faceted energy company, combines the experience of its people with the strength of its strategic alliances to create profitable projects within three aspects of energy enhancement; oil and gas production, the removal of undesirable compounds from hydrocarbon based fuels, and sales of the resultant products.

Forward-Looking Statements:

Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements. Gulf Petroleum Exchange, Inc. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.



Contact:
Gulf Petroleum Exchange, Inc.
Skip Wheeler, 337-896-5151
www.gfpe.org