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Vector Expects Monthly Revenues of $300,000 From Bateman Lake Wells;
Sees Additional Development Potential

HOUSTON, May 7, 2002 (BUSINESS WIRE) -- Vector Energy Corporation (OTCBB:VECT)
announced the progress of its work at its Bateman Lake field located in St. Mary
Parish, Louisiana. Recently Vector has begun work on its well number 18 and well
number 22. A production barge has been located at the well 22 location and
repiping is being completed to bring the well on. Well number 18 has been
perforated and Vector is currently completing testing of the well. These wells
have the potential to add $300,000 per month to gross revenues in the very near
future.

"I believe these wells will be on production by the end of May," said Sam
Skipper, chairman and CEO of Vector. "In addition, a well has recently been
completed within 8,000 feet of the Bateman Lake field which tested at daily
rates of 9 million cubic feet of gas, 450 barrels of oil with 9,000 pounds
flowing tubing pressure and 12,000 pounds of shut-in pressure. This certainly
bodes well for future development at Bateman Lake."

Vector Energy Corporation is a Houston-based company primarily engaged in the
acquisition, development and production of natural gas and crude oil.

This report includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934. The information in this news release includes certain
forward-looking statements that are based upon assumptions that in the future
may prove not to have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of the company.
Although the Company believes that the expectations reflected in its
forward-looking statements are reasonable, it can give no assurance that such
expectations or any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not limited to,
successful performance of internal plans, product development acceptance, and
the impact of competitive services and pricing and general economic risks and
uncertainties.

For more information contact investor relations: Vector Energy Corporation at
713/773-3284.


CONTACT: Vector Energy Corporation, Houston
Investor Relations, 713/773-3284

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KEYWORD: TEXAS LOUISIANA
INDUSTRY KEYWORD: ENERGY
OIL/GAS
SOURCE:
Vector
Energy
Corporation

STOCK SYMBOLS: [(vect)]



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