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Re: None

Tuesday, 12/26/2006 5:59:43 PM

Tuesday, December 26, 2006 5:59:43 PM

Post# of 1307
New PR is out...not what I wanted to see though...I had hoped for a PR on the wells that are now pumping. That is what I was led to expect last week. So maybe there is another PR to follow...don't know.

BEDFORD’S ‘GRACE #2’ REACHES TD
Oklahoma City, Oklahoma, December 27, 2006; Newswire – Bedford Energy, Inc. (OTC “BFDE”) (Cusip 076110 105) – Bedford Energy, Inc. announces that drilling has stopped at its Grace #2 well site in East Chandler, OK at a depth of 4,923 feet through the Hunton formation. Completion has already begun and it is scheduled to finish by year’s end. Excellent shows were observed in a number of formations

Grace #2 is the final well of the five-well Grace Drilling Program.