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SNRG Corporation A New Name for Tomorrow's Energy Needs.

HOUSTON -- This week Texen Oil and Gas adopted a new name, SNRG (OTCBB:SNRG) which acknowledges its expanded vision of the future energy creation. The new company will continue to own and operate its core oil and gas production assets in the State of Texas and seek to add new oil and gas development properties to the company's portfolio. In addition to its traditional oil and gas business the company plans to expand its ventures into the resource recovery business with the completion of the purchase of gasification plant in Bay City Texas.

"The future of the world and of the United States is recognizing that we must create sustainability systems in our management of waste and the use of energy," stated Elroy Fimrite the Chairman of SNRG. "I am excited at the evolution of emerging technologies which not only handle hazardous waste in an environmentally friendly manner but return these compounds to fundamental building block commodity chemicals and valuable synthetic gas."

SNRG's corporate vision will utilize the unique skill set of the new senior management team and the assets the corporation currently owns, to create a company which is both comfortable in the oil and gas production world and applying new recycling technology across a range of waste media to create new material commodity and energy supplies. "Our unique networks and experience in this arena necessitated a change in the corporations name to reflect these new opportunities the corporation will pursue on behalf of our shareholders," Fimrite said.

The company is awaiting a new field study of its Victoria properties and has agreements in place to fund any new exploration projects that should result. As for gasification, the company has already begun conversations with technology providers who could provide new technologies to enhance the Bay City plant once the transaction is completed.

Mr. Fimrite concluded his comments on the name change by stating, "We have a clear vision, we are moving forward, and SNRG will provide a modern example of energy and environmental sustainability when we are complete."

For additional information, please visit our Web site at: Please note the new corporate address and contact numbers below.

Forward-Looking Statements: This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the successful completion of the purchase of the gasification plant in Bay City; the successful application of new recycling technologies for commodity and energy supplies and the provision of new technology to enhance the Bay City gasification plant.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with oil and gas exploration; changes in reserve estimates if any; the potential productivity of our properties; changes in the operating costs and changes in economic conditions and conditions in oil and gas production and exploration and the unproven nature of alternative energy technologies and its commercial viability. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Corporate Offices:

14300 N Northsight Blvd, Ste 227

Scottsdale, AZ, 85260

Tel: 480-991-2040

Fax: 480-991-2203
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Publication:Business Wire
Date:Aug 5, 2005
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