Saratoga Commences Production at Main Pass 46 Field

- Saratoga Commences Production at Main Pass 46 Field

Thursday, September 01, 2011
Saratoga Resources Inc.

Saratoga has successfully completed and commenced production from its Catina and Four Corners wells in Main Pass 46 Field.

The State Lease 20436 #1 Catina well began production on August 29, 2011 with a gross initial production (IP) rate of 1145 barrels of oil per day (bopd) and 606 thousand cubic feet of gas per day (MCFPD), or 1246 barrels of oil equivalent per day (boepd), through a 12/64 inch choke with flowing tubing pressure (FTP) of 2650 psi. Current gross production rates are 656 bopd and 498 MCFPD (gross 739 boepd, net 576 boepd), on a 12/64 inch choke with 2900 psi FTP. Saratoga expects production to exceed pre-drill stabilized estimates of net 470 boepd with 88% oil versus gas. Saratoga has laid new flowlines to connect the well to the Company's Main Pass 46 facility.

Saratoga also completed the 6100' Sand in the State Lease 20034 #1 Four Corners well, which began production on August 16, 2011 with a gross IP rate of 1.7 million cubic feet of gas per day (MMCFPD), or 283 boepd, with no fluid through a 10/64 inch choke with 2250 psi FTP. The well tested on August 25, 2011 at gross 1.864 MMCFPD (gross 311 boepd, net 235 boepd) on a 12/64 inch choke with 2400 psi FTP.

Saratoga's President, Andy Clifford, said, "We are excited to have such an excellent start to our renewed development drilling program with the Catina and Four Corners wells meeting expectations." Mr. Clifford added, "We are also excited by the addition of Butch Scelfo to our team as Manager of Drilling and Well Operations. Butch has over 30 years experience in the oil and gas industry with various independent operators, including Maxus, Meridian, Stone and PXP. He has significant experience drilling in Louisiana state waters. This is an exciting phase of development growth for the Company and we are glad to have Butch on board."

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Saratoga to Be Listed on NYSE Amex Exchange

- Saratoga to Be Listed on NYSE Amex Exchange

Monday, July 18, 2011
Saratoga Resources

Saratoga Resources, Inc. today announced that it has received notification that its common stock has been approved for listing on the NYSE Amex stock exchange and has chosen J. Streicher & Co., L.L.C. as its designated market maker. Saratoga expects its common stock to begin trading on the NYSE Amex under the trading symbol ‘SARA’ on July 20, 2011. Saratoga’s common stock will continue to trade on the OTCQB under its current symbol, “SROE.PK,” until such date.

“Our listing on the NYSE Amex marks a significant milestone in the transformation of our company,” said Thomas F. Cooke, Chairman and Chief Executive Officer. “Over the past several years we have weathered an unprecedented decline in commodity prices and exited bankruptcy, preserving our equity holders’ interests intact and paying our creditors one hundred cents on the dollar. We have since refinanced our debt and strengthened our balance sheet with the infusion of additional equity while improving our bottom line through increasing production, a rebound in commodity prices and a sharp focus on controlling costs through operating efficiencies. We believe that our recently announced successful equity raises, including the participation of funds managed by Blackstone Group (NYSE:BX - News) affiliate GSO Capital Partners as lead investor, together with our move to the NYSE Amex is a reflection on the great strides we have made as a company. We expect our listing on the NYSE Amex to result in increased visibility within the investment community and additional liquidity in the capital markets for our common stock.”

“We welcome Saratoga Resources to the NYSE Euronext family of listed companies and to NYSE Amex,” said Scott Cutler, Executive Vice President, NYSE Euronext. “Saratoga and its shareholders will benefit from superior market quality and technology, a broad array of issuer and investor services, and a global brand association. We look forward to building a strong and lasting partnership with the Company and its shareholders.” For more information, please visit: www.saratogaresources.com.

About Saratoga Resources

Saratoga is an independent exploration and production company with offices in Houston, Texas and Covington, Louisiana. Principal holdings cover 33,869 gross (31,125 net) acres, mostly held-by-production, located in the transitional coastline and protected in-bay environment on parish and state leases of south Louisiana. Saratoga's stock currently trades on the OTC Market under the symbol "SROE.PK".

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