SOURCE: Bedford Energy, Inc

December 05, 2006 08:00 ET

Neither Sleet nor Snow . . . Meters Start Spinning on All Five Bedford Wells

OKLAHOMA CITY, OK -- (MARKET WIRE) -- December 5, 2006 -- Bedford Energy, Inc. (PINKSHEETS: BFDE) (Cusip 076110 105) -- Bedford Energy, Inc. is proud to announce that despite the inclement weather of the past week, it has successfully placed into production all four of its Chandler, Oklahoma oil and gas wells: Grace #1, Grace #3, Grace #5, and Grace #6. Bedford's Warren 1-14 well in Hughes County, Oklahoma, continues in production since late last week.

Production results will be released in the near future when available.

Bedford Energy, Inc., which began operation in late spring 2006, has now drilled and brought five oil & gas wells, and one saltwater disposal well, into production by late fall 2006. The Grace #2 in the East Chandler Field, Oklahoma, is expected to be drilled and completed by year end.

Carl Swan, Chairman, says Bedford is not resting and intends to pick up the pace dramatically in 2007 with multiple drilling programs already planned for Oklahoma, Texas and Mississippi.

For more detailed information on the Company or for a current status of our drilling results, please contact BFDE@bedfordenergy.com or visit www.bedfordenergy.com

About Bedford

Independent Oil and Gas

Bedford Energy specializes in the recovery of oil & gas reserves through acquisition and project development, including existing field enhancement, and low-risk exploration opportunities. The Company has also created an oil field equipment division with specific industry alliances for resale.

SEC DISCLAIMER

Information contained herein may contain forward-looking statements which are not guarantees of future success or that there cannot be losses. The actual presence or recoverability of reserves for optimal and timely recovery, well costs or schedules or other matters cannot be promised. This release contains "Safe Harbor" provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties, which could cause actual results to differ materially from those estimated herein.

Bedford believes the forward-looking statements are based on current reasonable assumptions but can give no assurance that results will be achieved. Unpredictable & unanticipated risks, trends and uncertainties including inability to accurately forecast operating results; the potential inability to achieve profits or have cash flow; access to financing; and other must be understood. Bedford assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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