Tekoil Announces Key Promotion In Gulf Coast

THE WOODLANDS, Texas, Feb. 1 /PRNewswire-FirstCall/ -- Tekoil & Gas Corporation (OTC Bulletin Board: TKGN - News) announced today that effective immediately, Margaret (Marty) Horge has been promoted from the position of Manager of Operations to Vice President of Corporate Relations and Business Development, for their Gulf Coast operations.

Mark Western, the company's President and CEO, stated: "Marty Horge has done a fantastic job since joining our company from Scotia Waterous in June of 2007. She has very diligently overseen all of our regulatory compliance issues with the Texas General Land Office (GLO) and the Texas Railroad Commission, and has been instrumental in maximizing our efficiencies in our Galveston Bay properties."

About Tekoil & Gas Corporation

Houston-based Tekoil & Gas Corporation is a technology-driven company focused on the development, acquisition, stimulation, rehabilitation and asset improvement of small to medium-sized oil and gas fields. The combination of energy fuel reserves and advanced yield technologies are anticipated to generate value for Tekoil and its stakeholders, as the company targets above average growth in the 21st century energy sector. Additional news and information will be made available on the Tekoil website at http://www.tekoil.com and through further press releases.

Forward Looking Statements

This news release may contain certain forward-looking statements, including declarations regarding Tekoil and its subsidiaries' expectations, intentions, strategies and beliefs regarding the future within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements contained herein are based upon information available to Tekoil management as at the date hereof, and actual results may vary based upon future events, both within and without the control of Tekoil management, including risks and uncertainties that could cause actual results to differ materially including, among other things, the impact that acquisitions may have on the company and its capital structure, exploration results, market conditions, oil and gas price volatility, uncertainties inherent in oil and gas production operations and estimating reserves, unexpected future capital expenditure requirements, competition, governmental regulations and other factors, some of which are set forth in Part I, Item 2, of Tekoil's registration statement on Form 10-SB.