Replies to post #11932 on Value Microcaps Junior Energy

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OEDV -SAN DIEGO, CALIFORNIA, May 14, 2013 - Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, reported financial results and results from operations for the three months ended March 31, 2013.

Strong Production Growth Driven by Nemaha Ridge Project

Osage's Nemaha Ridge Project delivered strong growth in crude oil and natural gas production during the first quarter of 2013. Companywide, net production for the quarter increased 202% to 21,625 barrels of oilequivalent ("BOE"), or average daily production of 240 BOE, compared to the three months ended March 31, 2012.

First Quarter Financial Highlights

Osage reported adjusted quarterly EBITDA of $1,408,128, 136% higher than the first quarter of 2012, and operating income of $700,141, a 53.6% increase year over year. The increase was primarily due to drilling successes and subsequent higher volumes of oil and natural gas production from the Company's Nemaha Ridge project in Logan County, Oklahoma.

Osage's total revenues for the three months ended March 31, 2013 were $2,426,751, an increase of $1,071,232, or 79.0%, compared the three months ended March 31, 2012. Broken out by product, first quarter oil sales were $1,703,526, pipeline sales were $599,192, and natural gas sales were $124,033, reflecting year-over-year increases of 95.1%, 27.5%, and 892.0% respectively.

osageexploration.com


Management Comments

"Osage is still in the very earliest stage of executing its plan to deliver strong, sequential growth to our shareholders," stated Kim Bradford, Chairman and CEO of Osage Exploration and Development. "We exited 2012 with five producing wells in our Nemaha Ridge project. During the first quarter, we increased the number of producing wells to eight while spudding an additional nine wells. We have continued our drilling pace by spudding an additional three wells so far during the second quarter. To date in the second quarter we have put one more well in production, currently have an additional six more flowing back fluids which will soon be in production, have another well fracture treated awaiting flowback, and three more already drilled, awaiting fracture stimulation. We are committed to continuing to drive progress through the drillbit."

Note With Respect to Non-GAAP Financial Measures

In addition to using GAAP financial results, the Company's management measures and reports Adjusted EBITDA, a non-GAAP financial measure. The most directly comparable GAAP financial result for this non-GAAP financial measure is Net Income (Loss). Management uses this non-GAAP financial measure to evaluate the Company's performance and operations and for business planning. In addition, management believes the exclusion or inclusion of certain amounts in calculating this non-GAAP financial measure can provide a useful measure to investors for period-to-period comparisons. This non-GAAP financial measure, however, should be used in addition to, and in conjunction with, the Company's financial results presented in accordance with GAAP. The Company strongly encourages investors to review its financial statements in their entirety and to not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare the Company's results with other companies' non-GAAP financial measures having the same or similar names. Please see Reconciliation of GAAP to Non-GAAP Results below for a reconciliation of our GAAP to non-GAAP financial measures.







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OEDV-Osage Exploration and Development Announces 608 BOE IP Rate on Horizontal Mississippian Well

SAN DIEGO--(BUSINESS WIRE)--

Osage Exploration and Development, Inc.( OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced today a one day peak IP on the Tontz 2-32H of 608 BOE. The Tontz 2-32H, operated by Stephens Production Company, is the second well to be drilled in Section 32-17N-3W and directly offsets the previously announced Tontz 1-32H. Osage owns 8.23% of the well.

Management Comments

“The significance of the early production from the Tontz 2-32H, which is the second horizontal Mississippian well in Section 32-17N-3W, may be more than meets the eye,” stated Mr. Kim Bradford, Chairman and CEO of Osage Exploration and Development ( OTCBB:OEDV). “The Tontz 1-32H, which was the first horizontal Mississippian well in the section, has already produced over 30,000 barrels of oil and over 30 million cubic feet of natural gas. Osage's Wolf 1-29H, which literally shares a drilling pad with the Tontz 2-32, has already produced over 80,000 barrels of oil and over 80 million cubic feet of natural gas.

“Conventional wisdom about drilling additional wells in close proximity to other producing horizontal wells suggests that the later wells may not be as strong. However, this has not been the case with the Tontz 2-32H. Despite the fact that so much oil and gas has been produced in very close proximity to the Tontz 2-32H, we are still seeing virgin reservoir IP rates. This result is a powerful testament to the oil saturation in this area and across our entire block. If this holds true for future drilling of the second, third, fourth, or fifth well in each section, the value of the reserves in Osage’s Nemaha Ridge project will be greatly enhanced over what has been previously projected.”

Mr. Bradford continued, “Our well results and those of offsetting operators in the Mississippian and Woodford formations in Logan County continue to redefine what the industry previously understood about the Horizontal Mississippian and oily Woodford plays. Osage’s Mississippian and Woodford acreage is simply in a superior part of the reservoir.”

About Osage Exploration and Development, Inc.

Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia. cts.businesswire.com

About Stephens Production Company

Stephens Production Company (SPC) explores for and produces natural gas and oil. Acquired in the early 50's through a series of acquisitions, SPC is one of the largest privately owned, independent natural gas companies in the U.S. The company, headquartered in Fort Smith, Arkansas, is active in Arkansas, Oklahoma, Texas, Louisiana, Mississippi, Colorado, Wyoming and the Gulf of Mexico.http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.stephensgroup.com%2Faboutourpartners%2Fcurrinv-energy.html&esheet=50709172&newsitemid=20130916005311&lan=en-US&anchor=http%3A%2F%2Fwww.stephensgroup.com%2Faboutourpartners%2Fcurrinv-energy.html&index=7&md5=9bd466882f7f7e6218b3268f5e1b6e82

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Osage Exploration and Development Announces Control of Operations in Nemaha Ridge Project

5,015 OPERATED ACRES AND 4,475 JOINT VENTURE ACRES
OSAGE'S TOTAL OPERATED ACREAGE CLIMBS TO 13,000+ ACRES

SAN DIEGO, CALIFORNIA, December 20, 2013 - Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced today that by virtue of a Partition Agreement reached with its partners, Osage has become the project operator on a majority of its acreage in the Nemaha Ridge project in Logan County, Oklahoma. Effective September 1, 2013, Osage will operate approximately 5,015 net acres in thirty sections, and will remain joint-venture partners with Slawson Exploration in approximately 4,475 net acres across forty-five sections. Further, the Company announced that it has put under multi-year contract two key members collectively having over sixty-five years of industry experience to form the nucleus of Osage's operating team.

Partition Agreement

With the Partition Agreement, Osage becomes the Operator of approximately 53% of its 9,490 acres in the Nemaha Ridge project. The remaining 47% of the acreage that is held by production will continue to be operated by Slawson Exploration. Osage retains its ownership share of all existing production from wells drilled prior to September 1, 2013, as well as ownership of the Proved Developed Producing reserves from those wells.

Operating Team

In addition to its two exploration geologists whose work provided the geological foundation of the Nemaha Ridge project, Osage has contracted with two highly experienced key individuals, Mr. Buddie Livingston as Project Manager and Mr. Jeff Dwiggins as Manager of Production Engineering, to form the nucleus of our Operating Team. Together, their sixty-five plus years of experience in the E&P industry spans all aspects of planning, drilling, completing, producing, and managing a reservoir. Abbreviated bios for Mssrs. Livingston and Dwiggins are included below.

Management Comments

"This transformative transaction allows Osage to put its time as a non-operator in the rear-view mirror," stated Mr. Kim Bradford, Chairman and CEO of Osage Exploration and Development, Inc. (OTCBB:OEDV). "As the Operator of a majority of our acreage in the Logan County Nemaha Ridge project, we now control the timing of capital expenditures, the cash flows from oil and gas sales, and the quality and method of operations. It has been our plan to transition Osage into an operating company since the beginning, and with this partition agreement, that objective is achieved. We are immediately moving forward with drilling in Logan County in 2014, as well as our previously announced move into our Pawnee Mississippian project."

"Having more than one operator in the Nemaha Ridge project will benefit all parties involved," continued Mr. Bradford. "We will be sharing information and techniques with our neighboring operators in order to optimize all aspects of drilling and completing the multiple reservoirs that are stacked in the Nemaha Ridge project.

"Most importantly, Osage now has control of technically and geologically de-risked Mississippian acreage in Logan County which contains highly economic known quantities of oil and gas, an operating team with a proven ability to efficiently extract the oil and gas, and the upside of the Woodford Shale, which we plan to exploit very soon. With our existing production providing a base of cash flows and the financial partnership of one of the largest private equity firms in the world, Osage has begun a new chapter which should be very rewarding for its shareholders."

Operating Team Bios

Buddie Livingston has over forty years in the drilling, completion, and production sectors. His specific focus and the vast majority of his industry experience has been on highly technical drilling projects, including: high pressure, snubbing, horizontal, underbalanced, and managed pressure drilling projects. He has served as a Project Manager, Drilling Supervisor, and wellsite consultant for Energen Resources, ExxonMobil, and others both onshore and offshore, with extensive experience in the Permian, Bakken, Anadarko, and Arkoma basins. Buddie has managed or project managed the drilling of hundreds of horizontal wells and thousands of vertical wells. Buddie is a third generation oilman and makes his home in Bristow, Oklahoma.

Jeff Dwiggins has over twenty-five years of experience in the domestic and international energy industry with a specific focus on designing and improving artificial lift systems for oil and gas companies. Most recently, Jeff worked with Apache Corporation as a production engineering consultant for all forms of artificial lift worldwide, tasked with improving Apache's overall artificial lift performance. Jeff has extensive ESP application and alternative deployed ESP expertise having worked significant projects in such places as Qatar, Egypt, Brunei, Chad and others. Jeff has successfully managed the development of many key facets of coiled tubing deployed ESPs. He also has a broad background in the oil and gas sector including project engineering, engineering development and management, business operations and development, start-up operations and manufacturing operations. Jeff lives in Edmond, Oklahoma.

About Osage Exploration and Development, Inc.
Based in San Diego, California, with production offices in Oklahoma City, Oklahoma, Osage Exploration and Development, Inc. is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. http://www.osageexploration.com

Safe Harbor Statement
The information in this release includes certain forward-looking statements as defined by the Securities and Exchange Commission that are based on assumptions that in the future may prove not to have been accurate. Those statements and Osage Exploration and Development, Inc. are subject to a number of risks, including production variances from expectations, volatility of product prices, inability to raise sufficient capital to fund its operations, environmental risks, competition, government regulation, and the ability of the Company to execute its business strategy, among others.