2009-08-05-2009-08-01

Purchased 7% WI in Fisher Co., TX, gaining 105-160 BOE/mo.

Nexia Holdings Inc., Salt Lake City, Utah, (Pink Sheets: NXHD) has acquired a 7% working interest in an oil and gas lease in Fisher County, Texas, via subsidiary Diversified Oil & Gas Inc. from an undisclosed seller in exchange for 3,000 shares of its series A preferred stock, worth approximately $30,000. The lease features one operating well, Teagarden B, with production between 105 barrels and 160 barrels a month. Nexia is a diversified holdings company with operations in health and beauty and real estate.