Mexco Energy Corporation (MXC)

[Knowledge is King]

MXC PR is out....


(DOW JONES) DJN: PRESS RELEASE: Mexco Energy Corporation Announces Exploratio
and Development Results
DJN: PRESS RELEASE: Mexco Energy Corporation Announces Exploration and Developme
t Results


MIDLAND, Texas, May 19 /PRNewswire-FirstCall/ -- Mexco Energy Corporation
(Amex: MXC) today announced completion of a well in Loving County, Texas.

Mexco Energy Corporation acted as operator of a discovery well drilled to a
depth of approximately 6,680 feet in the Cherry Canyon producing interval in
Loving County, Texas. This well produced from a 45 acre drilling and
spacing unit on a 24/64" choke flow test on May 16, 2008 at a rate of
3,450,000 cubic feet of gas per day with a flowing tubing pressure of 1,000
pounds per square inch, 912 barrels of water and 48 barrels of oil per day.
Mexco's working interest in this well is 31.25% (net revenue interest of
22.94%). Further testing, exploration and development of this discovery is
anticipated and we will issue an update later in the week.

Mexco Energy Corporation, a Colorado corporation, is an independent oil and
gas company located in Midland, Texas engaged in the acquisition,
exploration and development of oil and gas properties.

FORWARD-LOOKING STATEMENTS

Except for historical information, statements made in this release are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. These statements are based on assumptions and estimates that
management believes are reasonable based on currently available information;
however, management's assumptions and the Company's future performance are
subject to a wide range of business risks and uncertainties, and there is no
assurance that these goals and projections can or will be met. Actual
events or results may differ materially from the forward-looking statements.


Estimates of potential typically do not take into account all the risks of
drilling and completion nor do they take into account the fact that
hydrocarbon volumes are never 100% recoverable. Such estimates are part of
the complex process of trying to measure and evaluate risk and reward in an
uncertain industry.

Any number of factors could cause actual results to differ materially from
those in the forward-looking statements, including, but not limited to,
production variance from expectations, volatility of oil and gas prices, the
need to develop and replace reserves, the substantial capital expenditures
required to fund operations, exploration risks, uncertainties about
estimates of reserves, competition, government regulation, costs and results
of drilling new projects, equipment availability, or other things that are
associated with oil and gas production or may be beyond the control of the
Company. Operations that are anticipated, planned or scheduled may be
changed, delayed, take longer than expected, fail to accomplish intended
results, or not take place at all. These risks and uncertainties are
described in the Company's annual report on Form 10-K filed with the
Securities and Exchange Commission ("SEC").

SOURCE Mexco Energy Corporation

/CONTACT: Tammy L. McComic, Vice President and Chief Financial Officer of
Mexco Energy Corporation, [phone], [e-mail]

(END) Dow Jones Newswires
May 19, 2008 15:29 ET (19:29 GMT)
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