Archie's Corner

[shaolin]

Arch, I guess this is it. Last paragraph in IOAG PR. - shao

-- Commences Drilling on Mesa Wood #3 and Mesa Wood #4 Wells --

DALLAS, Aug. 1 /PRNewswire/ -- International Oil & Gas Inc. (OTC: IOAG),
today announced that it has expanded its drilling operations at the Company's
Hood County, Texas project. According to a farm-out agreement with Mesa
Resources, Inc. and Pallaum Minerals, Ltd. (CDNX: PLM), operations have
commenced on two new wells that are part of an initial eight-well drilling
program planned for the project.
International Oil and Gas previously announced that Mesa/Pallaum have
completed the Mesa Wood #1 and Mesa Wood A#2 wells and that these wells are
now producing from the Barnett Shale formation. Mesa/Pallaum have commenced
operations to drill on the next two of the remaining five drill sites. The
new wells, Mesa Wood #3 and Mesa Wood #4, are located on the core acreage and
in close proximity to the Company's other producing wells.
International Oil & Gas President and CEO James Michael Stewart stated,
"On the heels of successful drilling operations involving our initial wells,
we are pleased to rapidly expand drilling to include two new wells. Hood
County continues to be a critical property in our portfolio that should lead
to enhanced revenue streams in the near future."
Based in Dallas, Texas, International Oil & Gas, Inc. focuses on the
exploration and development of oil and gas properties in the United States,
including the states of Texas, Nevada and West Virginia. The Company is
currently negotiating with several public and private companies in an effort
to secure undeveloped properties with major reserve potential and is seeking
opportunities to participate in producing oil and gas fields. For more
information, see http://www.inoil.com.
International Oil and Gas continues to develop the exploration program for
the West Virginia Gas Project in joint venture with Trans Energy, Inc.
(OTC Bulletin Board: TSRG) and Jayhawk Resources Inc.
For more information contact: International Oil & Gas, tel: [phone]
or fax: [phone] or OTC Financial Network, Mario "Ike" Iacoviello,
Investor Relations, 800/878-9460 or 760/931-9211, or email: [e-mail].