CASPER, Wyo., Nov. 21 /PRNewswire-FirstCall/ -- The Rocky Mountain Oilfield Testing Center (RMOTC) and Blast Energy Services Inc. (OTC:BESV) (BULLETIN BOARD: BESV) have finished a project testing Blast's proprietary abrasive fluid jetting technology designed to cut holes, slots and windows in existing well casing. "We achieved about 80 percent of the testing planned before the Wyoming winter weather season caused us to suspend operations," said David Adams, Blast President and Co-CEO. Blast's prototype unit, primarily a modified coil tubing unit with an abrasive mixing module, combines water and fine abrasive sand and pumps this mixture through a nozzle at up to 17,500 pounds per square inch. With this new technology, Blast expects to provide oil and gas producers with an alternative to existing well stimulation services at a lower cost, while having the ability to access previously uneconomical reserves. "I am extremely pleased with the test of the abrasive cutting tool and am looking forward to additional testing at our facility next spring," said Matt Slezak, RMOTC project manager. Down-hole video cameras, available at RMOTC, proved especially useful in this project. The camera's primary use was to verify the results of operations in the down hole environment and to diagnose any problems that may occur. In this case, the camera verified that Blast's new technology was able to cut holes, slots and windows in the well casing and confirmed further penetration into the rock formations beyond the well casing. Management believes that the act of cutting through the casing also blasts two to three feet of cavity into the rock formation beyond the well casing and facilitates hydrocarbon recovery. In one particular video, oil can be seen flowing into the well bore through a slotted hole that was cut into the well casing. Video clips from the down-hole camera have been posted to the Company's website. The tests, however, were not able to achieve any success in making secondary lateral intrusions into the rock formation with the use of a flexible hose. The onset of winter at the facility has caused the company to bring the AFJ unit back to Texas at this time. "The use of the down hole camera was an invaluable resource for this stage of our development," said Adams. "We were able to visually validate the technical success of the AFJ technology and verify that the surface program was exactly synchronized with the actual down-hole nozzle position deep in the wellbore." Blast, based in Houston, signed a Cooperative Research and Development Agreement with the U.S. Department of Energy in October. This agreement provided for Blast to test in up to five wells to evaluate its new technology. The parties plan to continue this project at the RMOTC site in the spring of 2007. RMOTC is provided by the Department of Energy as a field test site for emerging and developing technologies to address critical energy industry issues. The field test site is a 10,000-acre operating oil field offering a full complement of associated facilities and equipment on site. There are approximately 1,200 well bores and approximately 600 producing wells, in nine producing reservoirs ranging in depth from 500 to 5,000 feet. About Blast Energy Services, Inc. Blast Energy Services, Inc. is a publicly traded company based in Houston. Our mission is to substantially improve the economics of existing oil and gas operations through the application of our worldwide licensed and proprietary technologies. Our new major business, effective August 2006, is conventional land rig drilling onshore USA with its own fleet of drill rigs and crews. Using specially fabricated mobile drilling rigs we intend to operate a commercially viable energy service business, including: specialty casing cutting, perforation, fracturing services and lateral drilling with the potential to penetrate through well casing and into reservoir formations to stimulate oil and gas production. This service should provide oil and gas producers with an attractive, lower cost alternative to existing well stimulation or horizontal drilling services. Additionally, we are providing satellite services to oil and gas producers. This service allows them to monitor and control well head, pipeline or drilling operations through low- cost broadband data and voice services from remote operations where conventional land based communication networks do not exist or are too costly to install. Please visit our website: http://www.blastenergyservices.com/ . Safe Harbor Statement Any statements made in this news release other than those of historical fact, about an action, event or development, are forward looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include risk factors including but not limited to: the ability to integrate and successfully operate the newly acquired company, the ability to raise necessary capital to fund growth, adequate liquidity to manage operations and debt obligations, the introduction of new services, commercial acceptance and viability of new services, fluctuations in customer demand and commitments, pricing and competition, reliance upon lenders, contractors and vendors, the ability of Blast Energy Services' customers to pay for our services, together with such other risk factors as may be included in the Company's filings on Form SB-2 and its periodic filings on Form 10-KSB, 10-QSB, and other current reports. DATASOURCE: Blast Energy Services Inc. CONTACT: John MacDonald of Blast Energy Services, Inc., +1-281-453-2888, or +1-713-725-9244, or ; or Doug Tunison of Rocky Mountain Oilfield Testing Center, +1-307-233-4836, or fax, +1-307-233-4851, or Web site: http://www.blastenergyservices.com/ http://www.rmotc.com/

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