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Hull Energy Retains West Texas-Based Business Development Consultant

Posted on: Tuesday, 22 July 2008, 09:01 CDT

AVENTURA, Fla., July 22 /PRNewswire-FirstCall/ -- Hull Energy, Inc. (Pink Sheets: HULL), an Oil and Gas exploration company announced today that they have retained WS Oil & Gas, Limited ("WS"), a business development firm headquartered in Midland, Texas, for the purpose of acquiring quality petroleum reserves in the Permian Basin.

Hull Energy is actively seeking low risk exploitation opportunities with infill drilling locations to further bolster their reserve base. This strategy will allow Hull Energy to expand their reserves using a methodical approach with the goal of producing solid cash flows. Hull CEO, Ron Ratner said that, "This strategy will compliment our exploration model currently in place. We own a 10% working interest in the Diamond Spring Prospect. Diamond Springs is estimated to have the potential to yield 4 million barrels. While we are excited and confident in the potential of that prospect we also are pursuing the strategy of acquiring lower risk reserves to compliment our business."

"WS has several attractive acquisition targets in our sights," said WS president E. Will Gray. "We can help raise the financings for these properties as well. Naturally, we are very excited about working with Hull Energy and helping their management achieve their goals for growth."

About the Permian Basin

To further learn about the Permian Basin, please click on the following link provided by the USGS Fact Sheet on the Permian Basin. http://pubs.usgs.gov/fs/2007/3115/

About Hull Energy, Inc.

Hull Energy is an Oil and Gas company involved in the exploration and joint ventures of oil and gas on existing leases or properties, showing proven reserves. Of these properties, most according to our engineers have the potential to produce oil and gas. Once these properties or leases are identified via the expertise of our joint venture partners, Hull Energy intends to hire a small staff of people to be involved in the operations on a day-to-day basis working side by side with our joint venture partners. For more information go to our web site http://www.hullenergyinc.com/

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include failure to complete successfully the development of new or enhanced products, the successful implementation of acquisition program, the Company's future capital needs, the success of competitive products, fluctuations in costs, changes in consumer preferences and other items described in the Company's Securities and Exchange Commission filings. The Company undertakes no obligation to update any statements in this press release.

Company Contact: Ron Ratner 786-787-0441 ron@hullenergyinc.com Investor Relations contact: Kulman IR, LLC 305-749-3112 info@KulmanIR.com

Hull Energy, Inc.

CONTACT: Ron Ratner, Hull Energy, Inc., +1-786-787-0441,ron@hullenergyinc.com, or Investor Relations, Kulman IR, LLC, +1-305-749-3112,info@KulmanIR.com

Web site: http://www.hullenergyinc.com/

Source: PRNewswire-FirstCall

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