Osage Exploration and Development Files for Bankruptcy

SAN DIEGO, CA--(Marketwired - Feb 4, 2016) - Osage Exploration and Development, Inc. (OTCBB: OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced that on Tuesday, February 3, 2016, it filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Oklahoma in Case No. 16-10308-SAH. Copies of most court filings may be viewed at www.osageexploration.com.

About Osage Exploration and Development, Inc.
Based in San Diego, California, 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.