TEXOIL, INC.
NEWS RELEASE	FOR IMMEDIATE RELEASE
COMPANY CONTACT	110 Cypress Station Drive
Frank A. Lodzinski	Suite No. 220
President	Houston, Texas
	(281) 537-9920
	(281) 537-8324 - Fax

TEXOIL COMMENT ON STOCK PRICE -

SEES NO COMPANY SPECIFIC REASON FOR STOCK WEAKNESS

HOUSTON, TEXAS, February 14, 2000 - Texoil, Inc., (NASDAQ Small Cap: "TXLI", Boston Stock Exchange "TXL") Chairman and Chief Executive Officer Frank A. Lodzinski today stated that the Company knows of no reason for the weakness of its current stock price. Since its December 31, 1997, merger with Cliffwood Oil & Gas Corp., which resulted in a comprehensive change in management, Texoil has grown from a 1997 EBITDDA of approximately $2.6 million to an estimated 1999 EBITDDA of approximately $12.0 million. Estimated reserves and production have increased by approximately 245% and 293%, respectively.

In addition to public filings, information related to the Company can be obtained from the following:

1) The Company's web site at www.Texoil.com;

2) A recent interview with Mr. Frank A. Lodzinski on www.Radiowallstreet.com;

3) A recent research report published by C. K. Cooper & Company.

Mr. Lodzinski will also present the Company at two events presently scheduled in New York City being,

1) The 7th Annual Westergaard Strain Oil & Gas Conference, February 16th - 17th, 2000, at the

Waldorf Astoria;

2) The IPAA Oil & Gas Investment Symposium, April 17th - 19th at the Sheraton New York Hotel and

Towers.

Finally, Texoil will be featured in the March 2000 issue of Buyside magazine and also be featured in a supplement to the March 2000 issue of the Oil & Gas Investor magazine.

Lodzinski further stated, "We continue to enjoy excellent operating results in all of our producing areas and will post record profits and cash flows for 1999. We anticipate further increases in 2000 resulting from substantial production increases, operational improvements, development activities and realized price increases. Production should be approximately 1,465 million barrels of oil equivalent ("MMBOE") for the year ended December 31, 1999, up 92% from the prior year. In addition, higher average oil prices will have a positive impact on revenues and cash flows. Reserves, as of December 31, 1999, are estimated at 14.5 million barrels of oil and 50.7 BCF of gas (22.9 million BOE) with a pre-tax discounted present value (SEC PV 10%) of $160.1 million. These estimates are pending completion of an independently prepared year end reserve report. Based on net asset values, cash flows, and anticipated earnings, the Company believes its stock is trading well below reasonable valuations. We expect to release earnings in early March 2000. With both increased cash flows and increased bank availability, we are accelerating our capital development program and pursuing additional acquisitions. The Company has emerged the low oil price environment successfully and is positioned to benefit from new opportunities to develop and operate reserves with lower costs and greater profit potential. We strongly believe our activities will provide for sustained growth."

Texoil, Inc. (www.texoil.com), an independent energy company, acquires and develops oil and gas reserves through an active and diversified program that includes purchases of reserves, re-engineering, development and exploration activities, currently focused in Texas, South Louisiana and the Texoil Gulf Coast. On December 31, 1997, the Company acquired Cliffwood Oil & Gas Corp.; the merger resulted in a change of management and business strategy and substantially increased Texoil's financial resources.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 23E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report, are forward-looking statements regarding the Company's business strategy, plans, objectives and beliefs of management for future operations. All statements included in this release regarding the impact of recent acquisitions of producing properties on the Company are forward-looking statements and are based on management's best projections. Although the Company believes the expectations and beliefs reflected in forward-looking statements included in this release are reasonable, it can give no assurance that such expectations will prove to have been correct. Forward-looking statements are not guarantees of future performance and actual results, developments and business decisions may differ from those envisioned by such forward-looking statements.