Georgetown, Cayman Islands - November 12, 2007

For the nine months ended September 30, 2007, Drillmar Energy Inc. reported a net loss of $463,231 on revenues of $3,172,805. $1,209,237 of the revenues is related to net income from Equimavenca which is booked based on 50% ownership under the equity method. The net income is burdened by the lease expenses related to the leasing agreement effective September 1^st, with Lasalle National Leasing regarding one LOC250 Casing Drilling Rig for $352,752 per month.

In the month of September, the Company completed a $6,828,600 equity raise resulting in a book equity per September 30, 2007 of $11,955,948. There are currently 2,620,972 shares of common stock issued and outstanding.

For further information contact Haavard Strommen, Chief Financial Officer 345-925-1768 or visit the Company's website at www.drillmar.com

Drillmar Energy Inc is an oil and gas exploitation and production company. In the US, Drillmar Energy Inc is operating through its wholly owned subsidary Drillmar Oil & Gas Inc. Drillmar's strategy is to exploit the use of non-traditional drilling techniques and technologies.  These techniques and technologies include casing drilling, managed pressure drilling and certain petrophysical/geophysical reprocessing and remapping.  We have consistently made significant improvements in the efficiency and cost of developing oil and gas reserves for BP, Shell, PDVSA, PEMEX and Apache as well for our own account. We are currently qualified operator in Texas and Louisiana and have established appealing production and/or acreage positions in those states.