Monogram Energy, Inc. Reworks 2 of 3 Wells

RICHMOND, TX–(EMWNews – August 20, 2008) – Monogram Energy, Inc. (PINKSHEETS: MGRN)

announced today that 2 of the 3 wells being reworked on the T.W. Martin

lease are proceeding as planned, while the third has been delayed due to

weather. The Company is anticipating a 30-40% increase in production

following the workovers.

Mr. Billy King, Chief Executive Officer of Monogram Energy, Inc. stated,

“This weather delay is not expected to have a big impact, and we look for

all 3 wells to be on schedule within a few days.”

Mr. King became interested in the production of oil & gas during his ten

years of employment as an attorney for the Halliburton Company, and with

his representation of independent oil companies during his years as a

private practitioner. Monogram Energy’s goal is to maintain a high

risk/reward profile, thereby enabling them to return the most value to its

shareholders.

About Monogram Energy, Inc.:

Monogram Energy, Inc. is an independent energy company engaged in the

acquisition, development, and exploitation of oil and gas properties. The

Company specializes in acquiring oil & gas leases with proven reserves that

have the potential for increased production.

Billy D. King, the Chairman & CEO, is a graduate of St. Mary’s University

School of Law, and has been in the field of oil & gas law in excess of

thirty years.

Safe Harbor Statement under the Private Securities Litigation Reform Act of

1995: Except for historical information, the forward-looking matters

discussed in this news release are subject to certain risks and

uncertainties which could cause the Company’s actual results and financial

condition to differ materially from those anticipated by the

forward-looking statements including, but not limited to, the Company’s

liquidity and the ability to obtain financing, the timing of regulatory

approvals, uncertainties related to corporate partners or third-parties,

product liability, the dependence on third parties for manufacturing and

marketing, patent risk, copyright risk, competition, and the early stage of

products being marketed or under development, as well as other risks

indicated from time to time in the Company’s filings with the Securities

and Exchange Commission. The Company assumes no obligation to update or

supplement forward-looking statements that become untrue because of

subsequent events.

Additionally, this release may not be considered as legal, accounting, or

investment advice, and is not, and may not be considered, a solicitation

for the purchase of any securities issued by Monogram Energy, Inc.

To view full disclosures and disclaimers for The Microcap Times visit:

www.themicrocaptimes.com.

For all Broker Inquiries:

Please contact a Managing Member of MicroCap Management, LLC. Public

companies seeking to be profiled on TheMicrocapTimes.com should contact a

Managing Member of MicroCap Management, LLC at the corporate headquarters

listed below.