Oasis Provides an Operations Update -- The Bakken, North Dakota, USA

Link here.

Oasis increased average daily production to 17,633 barrels of oil equivalent per day in 1Q12, up from 15,243 Boepd in 4Q11 for an increase of 16%. During the 1Q12, Oasis grew production by 118% compared to 1Q11. Oasis completed and brought on production 26 gross operated wells in the Williston Basin during 1Q12. Oasis continues to make progress on expanding its operated salt water disposal systems. At the end of March 2012, the Company had approximately 25% of operated water production flowing through its operated pipeline system. Oasis expects to have approximately 80% of operated water production flowing through the pipeline system by year-end 2012. Additionally, Oasis currently disposes approximately 60% of its operated water production at Company operated disposal wells.