"Osage is methodically achieving its early goals," stated Kim Bradford, Chairman and CEO of Osage Exploration and Development. "Additionally, as the drilling of our first two horizontal Mississippian wells progresses, we are witnessing a significant increase in both drilling and leasing activity by major producers adjacent to the Company's Logan County acreage. This activity is targeting both the Mississippian and more notably, the Woodford formations to which Osage also owns rights across its acreage block. We believe that this activity provides strong third-party validation of our geological thesis and points to the value of the multiple formations in the acreage block that we have assembled."
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