EXHIBIT 99.1

VTEX Signs Option to Combine Operations With CLK Energy, Inc. and to Purchase
Interest in Bayou Choctaw Field
Thursday July 15, 2004 10:37 am ET

HOUSTON, July 15, 2004 /PRNewswire-FirstCall/ -- VTEX Energy, Inc. (OTC Bulletin
Board:  VXEN - News),  a recognized  operator in  production  of natural gas and
crude oil,  announced  today that it has entered into an option with CLK Energy,
Inc., its previously  announced  strategic  alliance partner.  Under the option,
VTEX will  purchase  from CLK 50% of its  interest in the Bayou  Choctaw  Field,
located in the Iberville and West Baton Rouge Parishes Upon completion, VTEX has
agreed to reimburse CLK for its  acquisition  costs, as adjusted for intervening
operations, and will deliver a commitment to fund future well workover and field
development drilling. Under the terms of the option, CLK will be issued warrants
to purchase 500,000 shares of VTEX's common stock at an exercise price of $ 0.50
per share.

At the  exercise of the option in August 2004,  VTEX will  further  issue to CLK
benefit,  warrants to purchase  1,500,000  shares of additional  common stock in
VTEX at an  exercise  price of $ 0.50  per  share.  CLK has  agreed  to  combine
operations,   technical  and  executive  staff  within  VTEX's  expanded  future
operations.  In further consideration,  VTEX will cause to be issued 10% of it's
then fully diluted common shares to CLK. VTEX will expand its Board of Directors
to accommodate nomination of certain members of CLK's executive management.

The
completion  of this  transaction  will  result  in a change  in  control  of the
company,  as well as new  strategic  capacities  and  expansion  for VTEX.

VTEX  Energy,  Inc.  is  a  Houston  based  company  primarily  engaged  in  the
acquisition,  development, and production of natural gas and crude oil. At April
30, 2003,  the Company had over $71 million in proved  reserves.  These reserves
are  concentrated  in two  fields:  Bateman  Lake  located  in St  Mary  Parish,
Louisiana and Mustang Island 818-L located in State waters offshore Texas.

Based in New  Orleans,  Louisiana,  CLK Energy,  Inc.  and its  predecessor  are
recognized as an expert and leading  company in the geological  and  geophysical
development of oil and gas prospects in the domestic oil and gas industry.

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  the  Company   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.