HOUSTON , Oct. 17 /PRNewswire-FirstCall/ -- ECCO Energy Corp. (OTC Bulletin Board: ECCE) announced the execution of a letter of intent (the 'Letter of Intent') with VTEX Energy, Inc. (Pink Sheets: VXEN), relating to a farm-out agreement which, if consummated, will allow ECCE to develop a 3,000 acre lease in St. Mary Parish, Louisiana in consideration for the issuance of $2,225,000 in shares of preferred stock of ECCE, convertible into 450,000 shares of common stock.

'This lease is located in the prolific Bateman Lake Field which has produced over 150 billion cubic feet of natural gas,' said Sam Skipper, President of ECCE. 'We believe there are 7 wells that can be immediately reworked with at least 5 BCF of proven reserves. We further believe that the new drill potential is unlimited based on the 3D seismic and success of drilling the new wells. This farm-out agreement will provide ECCE control over this entire field and will allow ECCE to maximize shareholder value by minimizing its liability. This development should add significantly to ECCE's reserve base and immediately increase its cash flow base on the success of the development program.'

The Letter of Intent is subject to the successful completion of due diligence and execution of a farm-out agreement that ECCE and VTEX have agreed to complete by Nov. 1, 2007 .

About ECCO Energy Corp.

ECCE is a growing independent oil and gas exploration and production company headquartered in Houston , Texas. ECCE is engaged in the acquisition, development and production of oil and natural gas reserves. ECCE's primary focus is Texas, Louisiana, and the Gulf Coast region.

This report includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although ECCE believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, and the impact of competitive services and pricing and general economic risks and uncertainties.

SOURCE ECCO Energy Corp.