Combined Development Oil Co. Announces Positive Results for Louisiana State Trust #3 June 7th, 2007

IRVING, Texas – June 7 (SEND2PRESS NEWSWIRE) — Combined Development Oil Co. is pleased to announce the successful drilling and completion of the Louisiana State Trust #3 well located in southern Louisiana. Based on seismic analysis and drilling logs, the estimated barrels of oil in place are 1,200,000 MMcf) BO and the estimated natural gas in place is 1-3 Billion Cubic Feet of Gas (BCF).