Also the Company announces that it has commenced drilling a well on the Green
Ranch prospect located in Stephens County, Texas to test a conglomerate zone at
a depth of 4,300 feet. The Company has a 92% working interest in this 4,000 acre
prospect, which is based upon a seismic interpretation. Drilling results are
expected to be available within two weeks. In March 2004, CAPCO had drilled a
well to test the coal bed methane potential at a depth of 1,100 feet. The result
of the test is inconclusive and the Company has suspended further testing of
this zone.

CAPCO owns and operates 49 wells in the Gulf Coast Shelf region through 17
platforms, has onshore leasehold interests in Texas, and has additional
non-operated producing properties in Montana, Michigan, Louisiana and Alabama.

The information herein includes forward-looking statements based on assumptions
that may prove not to have been accurate. The business activities of CAPCO
Energy, as usual to its industry, are subject to many risks both calculable and
incalculable. Included in these risks are oil and gas prices, the need to
develop replacement reserves, the reliability of reserve estimates, and the
feasibility of extracting reserves, environmental risks, drilling and operating
risks, and the ability of the Company to implement its business strategy.

CONTACT: CAPCO Energy, Inc.
Brenda Ruark
(281) 565-0424
www.capcoenergy.co

I've daytraded this for very good gain on a few occasions.

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Due Da Due......But Be Quick About It!!!!!