BEXP Announces Record Year-End 2010 Proved Reserves; Four New High Production Wells

First the wells:

• 19539, Lloyd  34-3 1H, 3,240, Poe field, northeast of Alexander, south of the river
  
• 19369, Bratcher 10-3 1H, 3,206, Ragged Butte -- a bit northeast of Alexander, south of the river
  
• 19176, M. Macklin 15-22 1H, 2,312, Cow Creek, a couple of miles directly north of Williston
  
• 19389, M. Olson 20-29 1H, 1,936, Painted Woods, northwest of WIlliston, a "big" BEXP field
  

Now the rest of the story, the data points (numbers rounded) exiting 2010:

• Year-end 2010 proved reserves increased 140 percent
• Production, avg 4Q10: a record 11,000 boepd; 125 percent increase yoy; 34 percent sequential increase
• To date, BEXP has completed 49 consecutive, long-lateral, high-frac stage Bakken and TF wells in North Dakota with an average early 24-hour peak flow back rate of 2,800 boe.
• Year-end: replaced 1,400 percent of its estimated 2010 production volumes

For 2011, the data points:

• Five operated rigs in Rough Rider; two operated rigs in Ross
• Eighth rig expected to arrive in May, 2011
• By mid-April, BEXP expects to add two fully dedicated frack crews
• With additional frack crews, BEXP expects to complete eight wells per month