SOURCE: Dynamic Natural Resources, Inc.

October 16, 2007 13:25 ET

Dynamic Natural Resources, Inc. Signs LOI for Acquisition of Well Service Company Assets & Gives Production Update

BOSTON, MA--(Marketwire - October 16, 2007) - Dynamic Natural Resources, Inc. (OTCBB: DYNI):

Dynamic is pleased to announce the signing of a letter of intent to purchase the assets of a well service company in Grayville, IL. The purchase will be funded with a combination of stock and cash. Dynamic has been working diligently on the purchase for months. The assets will form the foundation of the Well Service Division in the IL basin. Following the purchase, Dynamic will have an oil well service company, oilfield supply store, and oilfield machine shop. The assets include 3 acres of real estate with 2 buildings, a pulling unit, a spudder, multiple vehicles, machine shop lathes, assorted tools, and supply store inventory.

On the production front, the Kelsey-Pierce lease has 3 wells operating with average production settled between 7-8 BOPD. We will be selling our second tank of oil on this lease in the coming days. Three of the five wells on the Kelsey-Pierce lease have been cleaned out with the spudder and the tubing tested. The two remaining wells on the Kelsey Pierce are having a title opinion completed by a local oil attorney. When the opinions are complete, we will communicate to shareholders. The White lease had a parted rod and all rods and tubing have been pulled waiting for the spudder to arrive. We should have the White lease back in production next week. The White lease is at 9 feet of oil in the tank and will be ready to sell oil at 13 feet. Dynamic is staking a location to drill on the Kentucky lease before year end. The purpose of the new drill is to acquire a core for the field in order to design the appropriate enhanced oil recovery technique.

"We have been working very hard to get to this point in a relatively short period of time. The asset purchase is a great value to shareholders and a model for the type of acquisition we will strive for going forward," said Scott Masse, CEO.

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

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