Saratoga Resources, Inc. (fka SARA)

[Rawnoc]

Saratoga Resources, Inc. Establishes New Production Benchmark and Provides
Operations Update

HOUSTON & NEW ORLEANS, Nov 01, 2011 (BUSINESS WIRE) -- Saratoga Resources, Inc.
(SARA) (the "Company") today provided an update with respect to its development
and related activities and production during the 2011 third quarter and announced
that it has established a new daily production benchmark with net production of
4,167 barrels of oil equivalent per day (BOEPD) (5,556 BOEPD gross) on October
24, 2011, an 81% increase in daily net production from the 2010 exit rate of
approximately 2,300 BOEPD.

Development Drilling

During the quarter, the Company drilled two developmental wells, the SL 20436 #1
"Catina" well, and the MP 47 SL 195 QQ #24 "Roux" well.

The Catina well began production on August 29, 2011, and, as of October 31, 2011,
was producing approximately 609 BOEPD gross (475 BOEPD net) on a 14/64" choke
with flowing tubing pressure (FTP) of 2600 psi. The well was tied back to the
Company's Main Pass 46 facilities.

The Roux well was tested and completed in the 21 sand after the quarter end. The
well reached a total depth of 10,085' MD (9,200' TVD) and encountered 13 pay
sands with over 100 net feet of pay. Six of the pay sands were not previously
booked as reserves and the 21 sand was previously booked as probable undeveloped
reserves. The well tested on October 16, 2011, with an initial production rate of
643 BOEPD gross (450 BOEPD net) on a 14/64" choke with FTP of 3000 psi. The
Company expects that this well will convert from predominantly gas production to
oil since the oil cut has been increasing since first production. The well has
been tied back to the Company's Grand Bay facilities.

Recompletion and Workover Program

Highlighting the recompletions undertaken by the Company were the SL 20034 #1
"Four Corners" and SL 335 LP #6 wells.

The Four Corners recompletion was in the 6,100' sand uphole from two previously
produced sands. In addition, the 6,200' sand was set up as a future plugback.
Neither of these sands had booked reserves in the Company's 1-1-2011 SEC reserve
report. The Four Corners well began production on August 16, 2011, and, as of
October 31, 2011, was producing approximately 271 BOEPD gross (204 BOEPD net) on
a 14/64" choke with FTP of 2000 psi. The well was tied back to the Company's Main
Pass 46 facilities.

The LP #6 recompletion was in the R sand, which had never previously been
produced at Grand Bay Field. There were no booked reserves in the Company's
1-1-2011 SEC reserve report for this sand. The well began production on June 14,
2011, and, as of October 31, 2011, was producing approximately 163 BOEPD gross
(128 BOEPD net) on a 9/64" choke with FTP of 1925 psi. The well was tied back to
the Company's Grand Bay facilities.

Infrastructure Program

Infrastructure upgrades and debottlenecking projects have continued through
September 30, 2011, and are ongoing. During the course of 2011, the Company has
added additional compression at Breton Sound 32 and Main Pass 25 fields and
re-enacted a 4-inch 8-mile pipeline to connect three wells to Breton Sound 32
Field. The planned infrastructure improvements are approximately 80% complete and
have already resulted in production increases of at least 800 BOEPD net to the
Company. These projects are expected to add capacity to open wells that are
currently shut in or restricted from optimal flow.

Management Comments

The Company's President, Andy Clifford, said, "Our capital and production
efficiency year-to-date has been 101% and 112%, respectively, and our finding and
development cost in 2011 has been excellent at $12.33/BOE. We are on track to
meet our forecasted 2011 exit production rate of net 4,000 BOEPD. We are pleased
with the results of operations and will continue to develop our core assets with
additional drilling and continued low risk recompletions. We have continued to
have great support from the state government with no delays in permitting from
any of the regulatory authorities. Furthermore, the Louisiana crude market
continues to be strong with Light Louisiana Sweet Crude (LLS) and Heavy Louisiana
Sweet Crude (HLS) each trading at a healthy premium of approximately $20 per
barrel to WTI."

About Saratoga Resources

Saratoga is an independent exploration and production company with offices in
Houston, Texas, and Covington, Louisiana. Principal holdings cover 33,869 gross
(31,125 net) acres, mostly held-by-production, located in the transitional
coastline and protected in-bay environment on parish and state leases of south
Louisiana.

For more information, go to our website at http://www.saratogaresources.com and
sign up for regular updates by clicking on the Updates button.

Forward-looking Statements

This press release includes certain estimates and other forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, including statements with respect to expected stabilized
production rates from wells, oil and gas production mix, ultimate production
volumes, the rate, ability to finance and the ultimate success of development
drilling, commodity prices and other statements of expectation. Words such as
"anticipates," "assumes," "believes," "estimates," "expects," "intends," "plans,"
"seeks," "should," "substantial", and variations of these words and similar
expressions, are intended to identify these forward-looking statements. While we
believe these statements are accurate, forward-looking statements are inherently
uncertain and we cannot assure you that these expectations will occur and our
actual results may be significantly different. These statements by the Company
and its management are based on estimates, projections, beliefs and assumptions
of management and are not guarantees of future performance. Important factors
that could cause actual results to differ from those in the forward-looking
statements include the factors described in the "Risk Factors" section of the
company's filings with the Securities and Exchange Commission. The Company
disclaims any obligation to update or revise any forward-looking statement based
on the occurrence of future events, the receipt of new information, or otherwise.

SOURCE: Saratoga Resources, Inc.

Saratoga Resources, Inc.
Thomas Cooke, CEO, 713-458-1560
or
Andrew C. Clifford, President, 713-458-1560
http://www.saratogaresources.net


Copyright Business Wire 2011