Fowler Oil and Gas (fka FWOG)

[Rhubarb]

FOWLER OIL & GAS CORPORATION
Alaska Office
COMPANY STATEMENT
March 19, 2008
The Anchorage Daily News published a story today regarding Native American Energy
Group (NAEG) and a tie between Fowler Oil & Gas (FOG) and NAEG.
Fowler Oil & Gas Corporation applied for the Matsu Borough drilling permit in its own
capacity. Native American Energy Group was never an applicant or co-applicant with
Fowler Oil & Gas. Fowler Oil & Gas formed a strategic relationship with NAEG to
provide development support services.
While we sympathize with NAEG and the issues they are trying to address and solve, our
company is not affected by the recent action taken by the SEC against NAEG and the
other 25 companies. We continue with our plan for drilling for CBM gas in the
Matanuska Valley. Fowler Oil & Gas received its Borough drilling permit on October 1,
2007, and has just posted the bond with the Alaska Oil & Gas Conservation Commission
for our State drilling permit. NAEG’s SEC matter does not affect the validity of the
Fowler Oil & Gas permits, nor its efforts to bring a new energy resource to Alaska.
Fowler Oil & Gas was founded by the Fowler Family who has been in the Valley since
the mid-fifties. Our family has always maintained an impeccable reputation, and intends
to be here and do so for the next fifty years as well. Regardless of how hard we work to
comply in good faith, we understand and appreciate that as the first recipient of a CBM
drilling permit under the new Mat-Su ordinance, there will always be critics and
doubters. We accept that. The Fowler family remains motivated by other predecessor
companies that were pioneers in their exploration initiatives that faced similar criticism
and doubt, but ultimately provided significant economic growth to our state.
Fowler Oil & Gas is attempting to create a new industry in the Cook Inlet that provides
clean fuel, uses eco-friendly drilling technology, lowers fuel and power costs and creates
new jobs.
Bob Fowler
CEO & Chairman
http://www.fowleroilandgasalaska.com/uploads/Fog_Statement_19Mar08.pdf