SOURCE: Bedford Energy, Inc.

January 29, 2007 08:01 ET

Re-Completion Begins on Janssen Prospect Well

OKLAHOMA CITY, OK -- (MARKET WIRE) -- January 29, 2007 -- Bedford Energy, Inc. (PINKSHEETS: BFDE) (Cusip 076110 105) -- Bedford Energy, Inc. announced today that operations have begun to re-complete the Janssen Prospect located in Karnes County, Texas with Industry Partners. The Janssen Prospect will be re-completed in the existing vertical well-bore by a sidetrack drilling procedure at a depth of approximately 10,500 feet to test the Wilcox sand. Total reserves are estimated to be 75 to 100 thousand barrels of condensate and 3 to 4 BCF of Gas.

Bedford is joint venturing this project with Tradestar Resources and Penasco Petroleum from Austin, Texas. Tradestar's alliance with Proex and Penasco is to participate together in multiple joint venture projects for oil & gas development in Texas, Oklahoma, and Louisiana.

For more detailed information on the Company or for a current status of our drilling results, please contact or visit

About Bedford

Independent Oil and Gas

Bedford Energy, Inc. is a public company, trading under the symbol BFDE that is engaged in the exploration, development and exploitation of natural gas and oil properties in the mid-continent and gulf areas of the United States. Bedford strives to enhance investor value by expanding oil and natural gas reserves raising production levels and increasing cash flow. As always, Bedford intends to increase shareholder value through developmental drilling in proven producing areas.


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.

Contact Information