Saratoga Resources to Ring Opening Bell at New York Stock Exchange on Wednesday, January 11, 2012

09.01.2012  |  Business Wire

Saratoga Resources, Inc. (NYSE AMEX:SARA)
announced today that members of its senior management team will ring the
bell to open the trading session at the New York Stock Exchange on
Wednesday, January 11, 2012 at 9:30 a.m. EST. Representing Saratoga at
the event will be Chairman of the Board and Chief Executive Officer,
Thomas Cooke; President, Andy Clifford; and Chief Financial Officer,
Michael Aldridge. The Opening Bell ceremony can be viewed live on
several business television channels including Fox Business and CNBC.

Management Comments

Mr. Thomas Cooke, Chairman and CEO, said, 'We are honored that the New
York Stock Exchange has invited our company to open the market. Our
listing on the NYSE Amex, in July 2011, culminated a remarkable period
in our company′s history and laid the foundation for what we believe is
a most exciting future. We are excited to be entering a new year for the
first time positioned to fully realize the value of our asset base, an
asset base that includes a large inventory of PDNP and PUD
opportunities. Even more so, we are excited about our deep and
ultra-deep prospects in Grand Bay and Vermilion 16. We believe these
prospects are strategically located within a burgeoning play in the
shallow state waters of the Gulf of Mexico and offer substantial upside
potential. We are in negotiations with a major operator in the
ultra-deep play to form a joint venture to explore one or more of those
prospects. While our stock, on a net asset value per share basis,
continues to trade at a discount to industry valuations, we are pleased
that our efforts over the past several years have not gone unnoticed
with our market capitalization increasing from less than $35 million
just over a year ago to more than $190 million at year-end 2011. As the
market becomes aware of our story, we are confident that our valuation
will come in line with market valuations and reflect what we expect will
be growing reserves, production and profitability.?

About Saratoga Resources

Saratoga is an independent exploration and production Company with
offices in Houston, Texas and Covington, Louisiana. Principal holdings
cover 33,625 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. For more information, go
to our website at www.saratogaresources.com
and sign up for regular updates by clicking on the Updates button.

Forward-looking Statements

This press release includes certain estimates and other forward-looking
statements within the meaning of Section 21E of the Securities Exchange
Act of 1934, including statements regarding our ability to grow
reserves, future production levels and profitability, our ability to
fund our planned drilling and development efforts, the actual
finalization of a joint venture agreement with respect to ultra-deep
prospects, the terms of any such joint venture, our ability to fulfill
our obligations with respect to such joint venture, the ultimate results
of any drilling efforts of such joint venture and our ability to realize
valuations on a net asset value per share basis in line with industry
standards. Words such as 'expects?, 'anticipates', 'intends', 'plans',
'believes', 'assumes', 'seeks', 'estimates', 'should', and variations of
these words and similar expressions, are intended to identify these
forward-looking statements. While we believe these statements are
accurate, forward-looking statements are inherently uncertain and we
cannot assure you that these expectations will occur and our actual
results may be significantly different. These statements by the Company
and its management are based on estimates, projections, beliefs and
assumptions of management and are not guarantees of future performance.
Important factors that could cause actual results to differ from those
in the forward-looking statements include the factors described in the
'Risk Factors' section of the Company's filings with the Securities and
Exchange Commission. The Company disclaims any obligation to update or
revise any forward-looking statement based on the occurrence of future
events, the receipt of new information, or otherwise.