Morgan Creek Energy Receives Final Drilling Assessment on Nowlin #1-19, North Fork 3-D Prospect

DALLAS, Feb. 1 /PRNewswire-FirstCall/ -- Morgan Creek Energy Corp. (the "Company") ("Morgan Creek") (OTC Bulletin Board: MCKE; M6C1-Frankfurt) has been informed by the operator that it has drilled the Nowlin #1-19 well to depth at 8,836 feet. After review of the drilling logs, the Company has determined that oil is not producible in the targeted Morrow A and B sand formations.

Morgan Creek Energy was able to participate in this project, with total discovery, land, 3D and interpretation of, drilling and dry hole costs of more than $1.2 million spent by the partners, for an investment of approximately $275,000. While management is disappointed that the Nowlin #1-19 did not produce in the targeted formations, they believe that this investment was prudent and positioned the Company for excellent return had the well proven successful.

Morgan Creek Energy President Peter Wilson states, "We are currently reviewing the geologic and geophysical data with the partners to determine if there are any further targets within the leased acreage on the North Fork Project."

The Nowlin #1-19 was plugged on Sunday and the rig was released.

Morgan Creek has been reviewing several potential prospects that fit the Companies' exploration objectives. Management has set a mandate to complete the review and announce its participation roster within 30 days.

About Morgan Creek Energy Corp.:

Morgan Creek Energy Corp. is an independent energy company engaged in the exploration and acquisition of oil and natural gas prospects. For further information see: www.morgancreekenergy.com.

Symbol: OTCBB – MCKE; Frankfurt/Berlin Symbol – M6C1, WKN No.: A0QYTM; ISIN: 61732R 206

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THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS.  EACH OF THE NASD, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE CONTENTS OF THIS NEWS RELEASE.  THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

SOURCE Morgan Creek Energy Corp.

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