HOUSTON, June 3 /PRNewswire-FirstCall/ -- Blast Energy Services, Inc. (OTC Bulletin Board: BESV) announced today that they have experienced delays in getting their operations started in Kentucky but expect to be jetting as early as this week. The first two weeks encountered several mechanical and equipment problems, which prevented any lateral jetting operations from being performed. To remedy the issues, Blast has replaced its Operations Manager with Charles "Buster" Watkins and has successfully implemented several equipment changes and upgrades to avoid future delays. "We believe that replacing the Operations Manager with a more experienced hand along with certain upgrades to our equipment will allow us to move forward with jetting operations this week," said John O'Keefe, President and CEO of Blast. "We are striving to offer a jetting process that has proven to be successful in the Austin Chalk formation in South Texas and are certainly frustrated by these issues impeding our progress." The mechanical issues included the main rig engine overheating (repaired), the main triplex pump failing to deliver sufficient fluid volumes (upgraded), deficiencies in the construction of the flexible hose (upgraded), an electronic sensor failure in the boom truck engine (returning to service today), and an incorrect alignment of the weight indicator on the rig (waiting on boom truck). It became clear during the process that the mechanical problems were not being fully resolved or were repeating themselves, so a change in leadership became necessary. Blast deployed their proprietary applied fluid jetting rig to Kentucky in May to begin working toward cash for services contracts and a production sharing contract. Mr. Watkins has over thirty years of oil field experience, including working as a roustabout, mechanic, pumper, maintenance foreman and coiled tubing operator. For the past eighteen years he had been employed by Schlumberger where he became proficient in coiled tubing operations and supervised the operations of a four unit coiled tubing fleet. Website address http://www.blastenergyservices.com/ Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. 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 likelihood that the customer lawsuits result in meaningful proceeds, 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 its periodic filings on Form 10-K, 10-Q, and other current reports. Blast Energy Services, Inc. takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Blast. DATASOURCE: Blast Energy Services, Inc. CONTACT: John MacDonald of Blast Energy Services, Inc., +1-281-453-2888, +1-713-725-9244, Web Site: http://www.blastenergyservices.com/

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