2009-08-04-2009-08-01

To buy 50% WI in 3 nonproducing wells & rights to drill up to 4 Barnett shale wells in Shackelford, Haskell cos., TX.

EGPI Firecreek Inc., Scottsdale, Ariz., (OTCBB: EFIR) says it has completed an evaluation of its planned acquisition of acreage in west-central Texas from privately held, Albany, Texas-based Whitt Oil and Gas Inc. As part of the deal, EGPI will acquire a 50% interest in a program consisting of three proved, previously producing wells that need rehabilitation work to restore production. Whitt will participate in the rehabilitation on a turnkey basis and will have the rights for the drilling of up to four Barnett shale wells on one of the leases, which are in Shackelford and Haskell counties. The evaluation also shows that there are other potential oil-producing formations in each of the wells. EGPI anticipates the completion of the acquisition will occur by mid-August. EGPI president and CEO Dennis Alexander says, "From our recent merger with M3 Lighting Inc., we believe we are making progress in diversifying our business model by strategically acquiring business endeavors with companies that have substantiated operations and revenue streams. We are now looking forward to the rebuilding and deployment of our oil and gas operations, which shall commence with a new series of targeted acquisitions starting with the Whitt three-well turnkey work program."