Samurai Energy Corp. Increases Annual Revenue By $250K

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Common Stock	BIT:SMRE	Italy	Exchange Traded Fund

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Samurai Energy Corp. Increases Annual Revenue By $250K

18/01/2006 7:58pm

PR Newswire (US)

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HOUSTON, Jan. 18 /PRNewswire-FirstCall/ -- Samurai Energy Corp., (OTC Pink Sheets: SMRE), an oil and gas exploration and production company announces that re-entry operations were commenced on the Wilson Lease in the Riverside Field in Nueces Co., Texas. The re-completion, finished in December, has been a success and has significantly increased the production from the well. A successful re-entry was made on the Wilson Lease in the Riverside Field in Nueces Co., Texas. The well was re-completed in a Frio Sand at 5,286 feet. This sand was identified as productive from open hole logs but was overlooked by the original operator. Since completion the sand is producing at a rate of 12 barrels of oil a day and 200 MCF of gas per day with a flowing tubing pressure of 1060 psi. With current pricing the company expects the added revenue to be in excess of $250 thousand per year. Mr. Sam Skipper, President/C.E.O. of the company commented, "I am excited with the result of the re-completion operations. The added production will double our company's revenues." Samurai Energy, Corp. currently owns working interest in the 250 acre Wilson Lease in Nueces County. Located in the Riverside, East Riverside, and Agua Dulce Fields are the Wilson State Tract 5-2, EC Wilson 6, EC Wilson 10, and EC Wilson 11. About Samurai Energy Corp. Samurai Energy Corp. is an independent oil and gas exploration and production company headquartered in Houston, Texas. The Company is engaged in the acquisition, development and production of oil and natural gas reserves. The company's primary focus is along the Texas Gulf Coast region. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward looking statements that involve a number of risks and uncertainties. The reserve data included herein represents only estimates. Reserve engineering is a subjective process of estimating underground accumulations of oil and natural gas that cannot be measured in an exact manner. As a result, estimates of different engineers often vary. The estimates of reserves, future cash flows and present value are based on various assumptions, including those prescribed by the SEC relating to oil and natural gas prices, and are inherently imprecise. In addition, important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports. Samurai Energy Corp. (PINK: SMRE) takes no obligation to update or correct forward- looking statements, and also takes no obligation to update or correct information prepared by third parties that is not paid for by the Company. DATASOURCE: Samurai Energy Corp. CONTACT: Sam Skipper of Samurai Energy Corp., +1-713-771-5500 Web site: http://www.samuraienergy.com/

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