Bedford Acquires Well, Lease in South Texas

Bedford Energy, Inc.

Bedford Energy, Inc. said that it has acquired the Jansen #1A Oil and Gas Property in Karnes County, Texas. The acquisition includes a 138-acre lease, a well, and ancillary equipment.

Bedford intends to re-complete the well beginning November 10, 2006 for gas production. Bedford is also acquiring additional nearby leases in Karnes County, Texas.

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.