Beta Oil and Gas
901 Dove Street Suite 230 Newport Beach, CA 92660 United States www.betaoil.com	Contact:	918-495-1011 (Ph.) 918-495-1077 (Fax)

Beta Oil & Gas, Inc. produces, develops and explores for oil and natural gas. Beta deploys two key strategies: economical drilling and accretive acquisitions. Beta primarily explores for natural gas, utilizing economical and available advanced technology, such as 3-dimensional seismic modeling, in order to reduce exploration costs and risks. This strategy is even more advantageous when drilling and exploration costs are low. Beta has amassed an impressive drilling inventory within some of the largest 3-D seismic surveys completed in the United States. Additionally, Beta's mid-continent presence includes a high impact developmental oil project. Beta couples their exploration philosophy with its strategy of acquiring producing properties and companies. Beta's exploration portfolio and capital market knowledge facilitate and enhance these acquisition activities. HIGHLIGHTS Exploration Focus on Natural Gas High Impact Developmental Oil Project Wells Producing: 120+ Percentage Operated: 90%+ Production in Texas, Louisiana, Oklahoma, California 3-D Seismic Coverage Exceeding 2700 square miles Aggressive Drilling Program Active Acquisition Strategy Estimated Shares Outstanding: 12.6 million ?

Primary Line of Business: Exploration and production Ownership: Public Stock Exchange: NASDAQ Stock Ticker: BETA

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