There's oil in them their Nat Gas wells (MMTE)

CEO caught everyone offguard with an afternoon P/R (They've all been at 8:30 AM)

This is just oil as the Nat Gas numbers haven't been released yet.


Mammoth Energy Group, Inc. Announces Well Production
12:21 p.m. 08/21/2008 Provided By Market Wire


WINSTON-SALEM, NC, Aug 21, 2008 (MARKET WIRE via COMTEX) -- Mammoth Energy Group, Inc. (PINKSHEETS: MMTE) is pleased to announce today that the company's first Oklahoma well has been fully completed and has begun commercial production. The well began pumping on August 20, 2008 with an initial production rate of 2-3 barrels per hour fluid recovery. The well is still pulling both oil and acid water out at a current ratio of 30-50 percent oil to water. As we are still recovering acid water from the acidizing process, the ratio will improve as the acid water recovery diminishes.

"The growth of the company is beginning to take off," commented Joe Overcash, Chief Executive Officer of Mammoth Energy Group. Overcash continued, "Our first producing well is a big step for the company. We are confident that our other wells will produce at similar rates, which will significantly increase both revenues and net asset value for our shareholders."

About Mammoth Energy Group, Inc.

Mammoth Energy Group, Inc. is focused on developing shallow gas projects in north-eastern Oklahoma due to the low risk, blanket characteristics in the area that make it possible to drill and produce a well nearly every time. It is currently focused on developing its Noble and Kay County properties in Oklahoma that covers approximately 1,400 acres.

More information is available at the company's website at www.mammothenergygroup.net