Mesa Energy Announces Completion and Testing of the Gipson #1.

DALLAS -- Mesa Energy, Inc. - (Pink Sheets: MSEG) The Gipson #1, a Hunton test in Mesa's Coal Creek Project in Sequoyah County, Oklahoma, has been successfully drilled, completed and tested. Three productive zones were identified in the well including an Atoka shallow gas zone at 550', the Brent Sand at 1,290' and the Hunton at 2,975'. The Hunton has been completed with initial test results of 1.42 MMCFD with 570 BW on a 24/64 choke with 440 lbs. tubing pressure and 920 lbs. casing pressure. It is typical for Hunton wells to initially produce a significant amount of water with water production going down after the well has been on line for a period of time.

We are evaluating a plan that would allow the Atoka to be produced through the annulus and then blended with the primary Hunton production downstream of the separator. If this plan is successful, we would expect the Atoka zone to add 100 MCFD to 200 MCFD to the production rate of the well.

Our consultant geologist estimates reserves to be 200 MMCF in the Atoka, 500 MMCF in the Brent Sand and in excess of 1 BCF in the Hunton.

The Cook #1, located on the adjacent lease, was successfully tested on May 13, 2008, and flowed 900 thousand cubic feet per day on a 32/64ths choke. Construction on approximately three miles of pipeline which will connect the Cook #1, the Gipson #1 and future wells to an Arkansas Oklahoma Gas Company (AOG) sales line is substantially complete with final road bores and hook-up of both wells to occur in the next 30 to 60 days.

Mesa has restructured its agreement with Wentworth Operating and now owns 25% of the Gipson #1 and any future Hunton wells to be drilled on the acreage, 35% of the Cook #1 and a 5% carried interest in the Sally B #1, a re-entry proposed by Wentworth south of the Coal Creek acreage.

Randy M. Griffin, Mesa's Chief Executive Officer, stated: "We are elated with the successful drilling and testing of the Gipson #1 and look forward to commencement of production in this field in the third quarter of 2009."

About Mesa Energy, Inc.:

Mesa Energy, Inc. is an independent oil & gas exploration and production company based in Dallas, Texas. The Company's business plan is to build a strong, balanced and diversified portfolio of oil and gas reserves and production revenue through the acquisition of solid, long-term, existing production with enhancement and developmental drilling potential as well as the acquisition of multi-well, defined-risk, exploratory and developmental drilling opportunities. Additional information concerning Mesa Energy is available at www.mesaenergy.us.

Forward-Looking Statements:

A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may, "could," or "might," occur. Such statements reflect the current views of the company's management with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the success of our drilling, completion and production operations, competitive market conditions, the ability to secure additional sources of financing, the ability to maintain optimal operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the "forward-looking" statements contained in this news release.