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[gfsd] [re:] Watcher TopNews

From: Caleb Diaz
Subject: [gfsd] [re:] Watcher TopNews
Date: Wed, 29 Mar 2006 12:10:21 -0120

There is a Big PR Campaign running  ALL Week!
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Check out  HOT NEWS!!!

Current Price: 1.30
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KOKO Petroleum, Inc. (PKKPT - News) announced today that it has revised its 
Letter of Intent with JMT Resources, Ltd. Fort Worth Texas regarding the 
Development of JMT's polymer flood pilot program on its leasehold located in 
Corsicana, Texas.

The previous agreement focused only on the pilot program for the polymer flood 
in a specific area of JMT's acreage. The revised agreement gives KOKO the 
right, via a master joint venture, to participate in all of JMT's acreage in 
the Corsicana Field which totals 7,838 acres. As mentioned in previous 
releases, this leasehold is the oldest oil field in Texas and was discovered in 
the 1890's by a company that eventually became Mobil Oil.

Recent geological analyses indicated there are several zones under the Nacatoch 
zone (where the polymer flood is being developed) which are oil bearing and 
have an excellent possibility for commercial production. These zones include 
the Pecan Gap, Austin Chalk and Wolf City. The joint venture plans on shooting 
3D seismic over portions of the Field to better understand the potential of 
these zones and corresponding reserves. Subsequently, an aggressive horizontal 
and vertical drilling plan will be implemented to capitalize on the seismic 

The joint venture will also continue to develop its polymer pilot project which 
to date has drilled and completed two wells of the 13 well project. Rig 
availability has hampered the original drilling schedule; however, six 
consecutive wells are schedule to start drilling on February 28, 2006.

Geological engineering studies have shown that an effective ASP flood could 
yield as much as 30% to 40% of the original oil in place with lifting costs 
below $7 per barrel. Original Oil in Place was estimated to be in excess of 100 
mi||i0n barrels by engineers previously associated with the field.

Koko Petroleum, Inc. has committed to fund up to $4 mi||i0n USD for the right 
to participate in all of JMT's acreage in the Corsicana Field.

Ted Kozub, CEO of KOKO Petroleum, Inc., stated the following: "KOKO has an 
0pp0rtunity to become involved with veteran oil people in the development of 
this field that combines technology with vast resources. We have created a 
structure that mitigates our downside risk while exposing us to tremendous 
upside potential. This is an important step in KOKO Petroleum's financial 
development and we feel it will translate to significant shareholder value."

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