Crimson Exploration Announces Sixth Woodbine Oil Discovery at an Initial Rate of 1,332 Boepd

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Crimson Exploration Inc. (Nasdaq: CXPO) announced today the successfulcompletion of the Payne #1H (92.1% WI), its sixth horizontal well targetingthe Woodbine formation. The Payne tested at a gross initial production rate of1,332 Boepd, or 1,128 barrels of oil, 112 barrels of natural gas liquids and554 mcf of natural gas, on a 40/64^th choke and 328 psi of tubing pressure.The well was drilled to a total measured depth of 16,130 feet, including a7,460 foot lateral, and was completed using 26 stages of fracture stimulation.

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