The Exploration Company to Webcast IPAA Presentation

The Exploration Company to Webcast IPAA Presentation

The Exploration Company announced Vice President-Capital Markets Roberto R. Thomae will update investors and analysts on its growth strategy at the Independent Petroleum Association of America’s Oil & Gas Investment Symposium (OGIS) Small Cap, set for Feb. 6-8 in Boca Raton, Florida.

Mr. Thomae’s presentation is scheduled to start at 1:30 p.m. EST (12:30 p.m. CST) Tuesday, Feb. 6. A webcast will be available live via the Internet on TXCO’s Web site at www.txco.com/presentation.html and will be archived for 90 days. IPAA’s 3rd annual OGIS Small Cap conference allows publicly traded U.S. energy firms with market caps under $500 million to present their corporate profiles to the investment community.

About The Exploration Company

The Exploration Company is an independent oil and gas enterprise with interests primarily in the Maverick Basin of Southwest Texas and the Marfa Basin in West Texas. The Company has a consistent record of long-term growth in its proved oil and gas reserves, leasehold acreage position, production and cash flow through its established exploration and development programs. Its business strategy is to build shareholder value by acquiring undeveloped mineral interests and internally developing a multi-year drilling inventory through the use of advanced technologies, such as 3-D seismic and horizontal drilling. The Company accounts for its oil and gas operations under the successful efforts method of accounting and trades its common stock on Nasdaq’s Global Select Market under the symbol “TXCO.”

More information about potential factors that could affect the Company’s operating and financial results is included in TXCO’s annual report on Form 10-K for the year ended Dec. 31, 2005, and its Form 10-Q for the period ended Sept. 30, 2006. This and all previously filed documents are on file at the Securities and Exchange Commission and can be viewed on TXCO’s Web site at www.txco.com. Copies are available without charge upon request from the Company.

Contact:

The Exploration Company, San Antonio Investors: Roberto R. Thomae, 210-496-5300, ext. 214 bthomae@txco.com or Media: Paul Hart, 210-496-5300, ext. 264

pdhart@txco.com

Source: The Exploration Company

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