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Tom G

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Tom G

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Wednesday, 12/31/2008 10:03:32 AM

Wednesday, December 31, 2008 10:03:32 AM

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PRESS RELEASE
Bedford Energy Closes the Sale of Its Grace Field Assets


Last update: 9:44 a.m. EST Dec. 31, 2008
OKLAHOMA CITY, OK, Dec 31, 2008 (MARKET WIRE via COMTEX) -- Bedford Energy, Inc. (PINKSHEETS: BFDE) announces today that the company closed the sale of its Grace Field assets located in East Chandler, Oklahoma to Avalon Oil and Gas. Avalon Oil and Gas will take over operations effective January 1st, 2009.
For more detailed information on Bedford Energy please contact BFDE@bedfordenergyinc.com or visit www.bedfordenergyinc.com.
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