Based on April's financial figures, Exoma said its net revenue had increased to an annualised rare of $US2.3 million.

At the time of the company's initial public offering, it was generating about $US1.2 million.

Managing director David Rowbottam said he remained confident the full year revenue number would continue to increase with the relatively low risk development drilling program.

Exoma also said it had secured two additional sections in the Anadarko Basin, adjacent to its Ellis County production base.

"The results of the initial well in the Anadarko Basin, Kelln 94-2, which is producing approximately 650,000 cubic feet per day and 80 barrels of condensate per day, is why we chose the Anadarko Basin, and why we are going to concentrate our activities in Ellis County and its surrounds," Rowbottam said.

The company is participating in a minimum of six wells in the Anadarko Basin for the remainder of the year and said it would concentrate on the areas where it is the operator or is working with its partners.

Exoma's first Anadarko horizontal well is planned to be spudded next month.

In other company news, Exoma has raised about $720,000 after completing the Entitlements Options Issue this week.