Energy Producers, Inc. Acquires Texas Based Firecreek Petroleum, Inc.; Definitive Agreement Marks EGPI's Most Significant Acquisition

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Energy Editors / Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--EGPI-- Energy Producers, Inc. (OTCBB:EGPI) announced today the completion of a Definitive Agreement which shall be effective June 30, 2004, to acquire Fort Worth, Texas based Firecreek Petroleum, Inc. Management believes this definitive agreement will significantly add to shareholder value and also to the future profitability of the company. As previously announced, Firecreek Petroleum is an international oil exploration and development company specializing in the niche market of rehabilitation and enhancement of existing oilfields through modern management and state of the art technological applications. Management has over 25 years of experience and has been involved in oil and gas operations in 7 U.S. states and 13 countries worldwide. For more information about Firecreek go to: www.firecreek.us Current Projects Romania FireCreek currently has work in progress with the N.O.C. in Romania which has fields targeted for improvements by Firecreek which are currently producing 2,400 barrels of crude oil per day with room for significant increases in production as a result of the application of advanced technologies supplied by FireCreek management and an anticipated investment through EGPI. Libya Firecreek is also working on significant development's in Libya with pending news expected shortly. Libya is very much an up and coming producer of crude oil in North Africa and is actively working on attracting investments to the oil and gas sector in its country as a result of the recent lifting of U.S. sanctions. As a result of the merger, Dr. Mousa Mousahawamdah, a Libyan government official for his country's oil division, has been invited, and is expected to accept, a position on the company's newly appointed Advisory Board. News detailing more recent developments is expected shortly for EGPI/ FireCreek in Libya and more specifically for the Antelat Fields where there are vast proven reserves and currently wells producing in excess of 1,000 barrels of crude oil for each well per day with substantial room for improvement. This currently falls in line with Libya's plans to increase its daily volume of oil, which has recently been approved by OPEC. Dennis Alexander, EGPI's President stated, "This most recent acquisition marks a significant turning point for EGPI's oil and gas division. We have now strategically placed ourselves in a position where we can take advantage of certain global opportunities and market conditions. We look forward to the addition of our new team in the development of significant future business." "Firecreek has been searching for a long term partner to join with us in our international ventures. EGPI will fill a critical need in Firecreek's overseas operations allowing the development of existing projects that Firecreek has in process as well as developing those that EGPI has had in process. The international petroleum market is prime for the business approach of refurbishment and improvement through technology that EGPI and Firecreek provide," stated John R. Taylor, Firecreek's President. For more information about Energy Producers and its operations please go to: www.energyproducersinc.com For more news pertaining to crude oil, Oil Companies and publicly traded Small Cap Companies related to oil and gas exploration and technologies please go to: CBS Marketwatch http://cbs.marketwatch.com/news/story. asp?guid=%7BB7EA7864%2DFA19%2D435A%2DB Reuters http://www.reuters.com/newsArticle. jhtml?type=worldNews&storyID=5532288 (Due to the length of the above URLs, it may be necessary to copy and paste them into your Internet browser's URL address field. You may also need to remove an extra space in the URLs if one exists.) Meter Reader http://www.mcdep.com/MR31216.pdf Safe Harbor This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Energy Producers Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Energy Producers Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Energy Producers' filings with the Securities and Exchange Commission. KEYWORD: TEXAS ARIZONA INDUSTRY KEYWORD: ENERGY ENERGY OIL/GAS MERGERS/ACQ SOURCE: Energy Producers, Inc. CONTACT INFORMATION: Energy Producers Inc. USA Office Dennis R. Alexander, 480-948-6581 or Energy Producers Inc. European Office Gregg Fryett (+44) (0) 7971 289531 or Energy Producers Inc. Corporate Advisor Infinity Financial Group, LLC, 754-204-4549 or Firecreek Petroleum, Inc. George "Bud" Faulder Shareholder Relations www.bud@firecreek.us

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