HOUSTON, Mar 30, 2007 (BUSINESS WIRE) -- Consolidated Oil & Gas, Inc. (CSLG) a
publicly traded Energy and Exploration Oil & Natural Gas company is pleased to
announce testing is complete on the Grelle #1 well in Zavala County, Texas. After
extensive testing on the Serpentine Zone, Consolidated plans to fracture 30 to 40
feet of this 1,000 foot zone.

Based on engineering reports and all data gathered during test on this well it is
anticipated to produce 30-40 bls per day. Consolidated will then declare Grelle
#1 a commercial well and will immediately start production.

For more information please contact Investor Relations at (973) 351-3868 or visit
http://www.consolidatedoilgas.com.

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