Doxa Energy Ltd. reports the successful completion of drilling operations on the Epley No. 1-H in McMullen County, Texas, being the first horizontal well Doxa has participated within the prolific Eagle Ford Shale of South Texas.

The Company owns a 15% working interest with a respective 11.25% net revenue interest under the Epley project. The Eagle Ford shale underlying the Epley lease was encountered at a true vertical depth of approximately 10,900´ after which a horizontal lateral was successfully drilled in excess of 4,000 feet.

The well has been cased and is currently being prepared for multi-stage fracture stimulation, scheduled for mid-August. Based on successful completion results of the initial well,

Doxa anticipates that up to 5 gross wells will be drilled on the Epley project and that over 35 gross wells could ultimately be drilled on the Company´s current Eagle Ford Shale holdings.

Overall in the Eagle Ford trend, Doxa currently owns working interests ranging from 14% to 20% under 4,832 gross acres and expects to be involved in 3 additional wells this year followed by additional wells in 2011.

Tags: Doxa Energy Ltd.