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EGPI/Firecreek Inc. Announces Second Gas Well On-Line in Wyoming; Both Wells in the Ten Mile Draw Project Are Up and Producing

Posted on: Tuesday, 16 May 2006, 09:04 CDT

EGPI/Firecreek Inc. (OTCBB: EFCR) is pleased to announce the company's second gas well 7-16 located in the Ten Mile Draw gas field is on-line and producing. The company's chairman and chief financial officer, Dennis R. Alexander, stated, "This second well is one of many future steps in what we believe will bring a continued and positive revenue stream for the company."

Alexander also stated, "This marks the first time EGPI/Firecreek Inc. has had multiple wells producing natural gas at the same time. Significant time and hard work have gone into this initial process in order to be better prepared when we start the multiple 5 well drilling program, as previously announced. Additionally, EGPI/Firecreek is pleased to show that we have the working assets to support what we've been saying all along. Ultimately our goal is to continue to grow our revenue-producing asset base for every shareholder who has stood behind us with their patience and support."

Newport Oil Corp. President John Bruynell stated, "There is still more cleanup and testing to be done on well 7-16. Initial production flow continues to be favorable as the well cleans up." Newport Oil Corp. is the working partner of EGPI/Firecreek's drilling program for the Ten Mile Draw project in Wyoming. Bruynell is the director of operations and oversees all drilling operations and sites.

The state of Wyoming has been experiencing a sudden economic boom with the resurgence of gas exploration and drilling in its state. For more information on the dynamic growth currently being experienced by Wyoming, please see:

http://www.csmonitor.com/2005/0411/p01s01-ussc.html?s=spusa

EGPI Firecreek Inc., through its Firecreek unit, is focused on oil and gas production with an emphasis on acquiring existing oil fields with proven reserves. Additionally, the company specializes in the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis.

Safe Harbor

This release contains statements that constitute 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, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Energy Producers Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may,""would,""will,""expect,""estimate,""can,""believe,""potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Energy Producers Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Energy Producers' filings with the Securities and Exchange Commission.

Source: Business Wire

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