EGPI/Firecreek, Inc. Announces Progress on Third Well for Its Ten Mile Draw Project.

Reports Positive Initial Frac Results for the 13-9 Well

SCOTTSDALE, Ariz. -- EGPI/Firecreek, Inc. (OTCBB:EFCR) announced today the progress for its third well of the Company's multi-well drilling program in the Ten Mile Draw (TMD) prospect area in Green River Basin, Wyoming.

The Company's field operator and partner Newport Oil Corporation reported that the first of a two-step fracing procedure was successfully accomplished first up for the Almond formation in the 13-9 well during the last week of September on the 27th. As part of the remediation workover program for the well, initial indications are very good, as the well was flowing back on its own into some good reservoir pressure.

The Company further reports that Newport Oil has proceeded to bridge the Almond formation and begin the second step in its workover program by fracing the upper Lewis formation with a fluid sand gel. The process is expected to be completed within the next several days.

As part of the final process towards bringing the TMD 13-9 well online, the operator will clean up the well with sand bail and swab the fluid, in order to get it onto production as soon as possible.

Newport Oil Corporation President John Bruynell, operator for the project, stated, "I believe we're over the biggest hurdle at this point, and it looks like we've made the well; now we will work expeditiously to maximize with the completion of the Lewis formation and get it onto production."

EGPI Firecreek, Inc., reported that it is excited regarding the progress and the initial reports on the wells workover program for its third well in the TMD system. The Company looks forward to seeing the final results for the 13-9. EFCR is currently taking steps towards facilitating its new multi-well drilling program in the area.

The Company also stated that it expects to provide an update in the very near term regarding the advancement of its proposed projects located in the Ukraine and in Florida.

EGPI/Firecreek, Inc. through its Firecreek unit is focused on oil production with an emphasis on acquiring existing oil fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. Other companies in the oil sector include Pantina Oil and Gas Inc. (POG), Frontier Oil Inc. (FTO) and Cabot Oil & Gas Inc. (COG).

Safe Harbor 

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EGPI Firecreek, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EGPI Firecreek, Inc.'s filings with the Securities and Exchange Commission.