2009-09-18-2009-08-10

To purchase 62.5% WI covering 640 gross acres adjacent to the Utah Oil Sands prospect in UT.

Cobra Oil & Gas Co., Houston, (OTCBB: CGCA) plans to purchase a 62.5% title and working interest covering 640 gross acres adjacent to the Utah Oil Sands prospect in the P.R. Spring Deposit in Uintah County, Utah, from Enercor Inc. for approximately $330,000 in stock. Cobra will pay 300,000 shares. Other title holders include Questar Corp.