Superior Oil and Gas Co. Drilling New Well.

YUKON, Okla. -- Superior Oil and Gas Co. (OTC BB: SIOR) announces, "We have commenced drilling on our next prospect, the Lonesome River Prospect," said Dan Lloyd, president of Superior. "Drilling is already down to 3,000 feet, of its 9,500 foot total target depth, in its test well in Section 1-T19 N-R10W, Blaine County, Oklahoma. The well should be at contract depth in about 30 days," he stated.

Announced on November 8, 2006, Superior nears completion of its Windy Vista Well No. 1 in Garfield County, Oklahoma. With its partners, Robson Energy of Phoenix, AZ and HOCO Drilling of Edmond, OK, Superior is encouraged by its initial findings after completing the well in the Mississippian Formation. Several other promising zones are to be tested up the hole at shallower depths before completion efforts are concluded. Further results should be reported within the next 30 days. Superior intends to drill a minimum of three additional wells in this field.

For more information, please contact Investor Relations at [phone] for Stephen Taylor.

This Press Release contains forward-looking statements based on our current expectations about our company and our industry. You can identify these forward-looking statements when you see us using the words such as 'expect,' 'anticipate,' 'estimate,' 'believes,' 'plans' and other similar expressions. These forward-looking statements involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of our ability to complete required financings and other preconditions to the completion of the transactions described herein and Superior's ability to successfully acquire reserves and produce its resources among other issues. We undertake no obligation to publicly update any forward-looking statements for any reason, even if new information becomes available or other events occur in the future. We caution you not to place undue reliance on those statements.