Signature Exploration Updates Koliba Drill Schedule

Jan 13, 2010, 09:03 ET from Signature Exploration and Production Corp.

HOUSTON, Jan. 13 /PRNewswire-FirstCall/ -- Signature Exploration and Production Corp. (OTC Bulletin Board: SXLP) (the "Company") today announced an update of the Company's Koliba Prospect proposed spud date from "early 2010" to mid-February of this year.

Steven Weldon, CEO, commented on the drill date; "With improved weather conditions in South Texas, specifically in the North McFaddin Field, we are now able to target a more specific date to begin drilling. Our operator has stated a goal to commence drilling on or around February 15th, weather permitting."

About the Koliba Prospect

The Koliba Prospect is located approximately 3.5 miles southwest of Bloomington, Texas in the North McFaddin Field. According to Texas Railroad Commission ("RRC") maps and records, the North McFaddin Field hosts 87 productive oil and gas zones. The Company has identified 3 target zones in the Frio Sands. RRC records state 7 wells from these 3 target zones had produced 390,426 barrels of oil and 2,472,481 thousand cubic feet of gas.

Signature Exploration and Production Corp.

Signature Exploration and Production Corp. is an independent energy company engaged in the exploration, development, exploitation and acquisition of on-shore oil and natural gas properties in conventional producing areas along the gulf coast of Texas. Management's strategy is to continue making acquisitions of select properties that have been identified as economically attractive, technically and geologically sound and have significant upside potential.  Visit for more information.

Safe Harbor Statement

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SOURCE Signature Exploration and Production Corp.