James E. Sigmon, Chairman, President and Chief Executive Officer of The Exploration Company, presides over the Market Open

Monday, January 8, 2007
at NASDAQ's MarketSite
in New York City.

The Exploration Company
[TXCO]

James E. Sigmon, Chairman, President and Chief Executive Officer of The Exploration Company presides over the opening bell.

The Exploration Company (Nasdaq:TXCO) is an independent oil and gas enterprise with interests primarily in the Maverick Basin of Southwest Texas and the Marfa Basin in West Texas. The Company has a consistent record of long-term growth in its proved oil and gas reserves, leasehold acreage position, production and cash flow through its established exploration and development programs. Its business strategy is to build shareholder value by acquiring undeveloped mineral interests and internally developing a multi-year drilling inventory through the use of advanced technologies, such as 3-D seismic and horizontal drilling.

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