Recently, the third well drilled was put back into production after beingdown for over a week for servicing. The well had initial recovery rates ofbetween 3 and 4 barrels of oil per hour when it was first swabbed. Afterthe acid treatment, the well was put on pump to recover the water from theacid treatment. Due to not having a large enough pump on the motor, thewell has struggled to get "ahead of the water," a situation where waterfrom the stimulation treatment pushes the oil up above the perforations sothat mostly water comes into the tubing and up the well bore.

The gas in this well that is used to run the gas driven motor is also wetand so the motor has been on and off as it periodically cannot run off ofthe gas. This makes it difficult to get a steady, consistent fluid recoverydrive. Nevertheless, in one 24-hour period, this well did put over 24barrels of oil into the tanks despite still recovering oil from thestimulation treatment.

The operator for the project believes the production rate for all three ofthese wells will continue to increase once electricity is run to the leaseand larger, more powerful electric motors are installed. These largermotors will enable the wells to generate a larger stroke and thereby liftmore oil out from each of the wells.

"Like the third well drilled that went on pump a couple of days ago, thiswell has all of the signs of being a very good producer," said DanMotsinger, President of Atlas Oil and Gas. "Once electric is run on thislease, we will be able to put everything on a normal production schedulewith more standard sized motors for the level of fluid recovery we need.Nevertheless, again we have a well with several zones that can be producedand an initial recovery rate in the 2-3 barrels of oil range. We are stillconfident that we can get back to that initial rate, so we are quitepleased with results thus far."

This well was drilled to a depth of 2907' and had commercially viableamounts of oil and gas in about 4 different formations. The well was firstperforated and acidized in the Bartlesville from 2500' to 2516' and afterbeing perforated flowed naturally about 3-4 barrels of oil per hour.

About Atlas Oil & Gas, Inc.

Atlas Oil & Gas, Inc. is focused on developing shallow natural gas and oilwells in Northeastern Oklahoma. Atlas is an independent energy developmentfirm primarily engaged in the exploration, development, and production ofoil and natural gas. The company relies upon its industry partners, welloperators, third party geologists, industry consultants, petroleumengineers, and financial analysts whose combined industry experience isessential to the success of each project. With the growing demand on oiland natural gas in the United States, Atlas will focus its resources onaccomplishing its goal of successful well creation and distribution.

Cautionary note: This report contains forward-looking statements,particularly those regarding cash flow, capital expenditures and investmentplans. Resource estimates, unless specifically noted, are consideredspeculative. By their nature, forward-looking statements involve risk anduncertainties because they relate to events and depend on factors that willor may occur in the future. Actual results may vary depending uponexploration activities, industry production, commodity demand and pricing,currency exchange rates, and, but not limited to, general economic factors.Cautionary Note to U.S. investors: The U.S. Securities and ExchangeCommission specifically prohibits the use of certain terms, such as"reserves" unless such figures are based upon actual production orformation tests and can be shown to be economically and legally producibleunder existing economic and operating conditions.

Contact:M & M Investor RelationsDominic Martinez866-508-2092http://www.mandminvestorrelations.comMail to: dominic@mandminvestorrelations.comMail to: frankie@mandminvestorrelations.com