Vanguard Expands Texas Batson Dome Presence

Acquired 3-year mineral lease for 70 acres in SE TX adjacent to Batson Dome oil field.

Vanguard Energy Corp., Houston, (OTCBB: VNGE) has entered a new three-year mineral lease with Houston-based Black Stone Minerals for 70 acres in southeastern Texas.

The assets are adjacent and in the middle of Vanguard's current lease holdings in Batson Dome oil field. The addition of this lease brings Vanguard's total acreage under control at the Batson Dome oil field to 500 acres.

Vanguard president and chief executive Warren M. Dillard says, “We are very enthusiastic about the prospects for this new lease; our recently completed 3-D seismic analysis covering this area indicates that it has very good prospects for future drilling.”