Bonanza Oil & Gas Announces Updates on Apclark Project

HOUSTON--(Business Wire)--
Bonanza Oil and Gas, Inc. (OTCBB:BGOI), a Nevada Corporation and
an independent oil and gas company, is pleased to provide an update on
its Apclark project located in Borden County, TX.

The Everett #7 well, the second in a series of fourteen (14)
horizontal and fifty three (53) vertical wells planned for the Apclark
project, has reached vertical TD, and is currently making the
horizontal section of the planned 4,000 foot lateral. After drilling
to a total depth of 6,800 feet vertically and analyzing several zones,
the company and its partners have decided to set pipe and drill the
scheduled 4,000-foot lateral (horizontal leg) in the Spraberry Zone.
"The Company is pleased with the scheduled drilling and subsequent
logs, and is confident about the continued drilling program of the
Everett #7", said Bill Wiseman, President and CEO.

About Bonanza Oil & Gas, Inc.

Based in Houston, TX, Bonanza Oil and Gas, Inc. holds assets
ranging from current producing properties, wholly owned prospects, to
developing working interests in Proven Undeveloped (PUDS) properties.

Safe Harbor Statement

Some of the statements made by the Company in this press release
are forward-looking in nature. Actual results may differ materially
from those projected in forward-looking statements. The Company
believes that its primary risk factors include, but are not limited
to: production variances from expectations, volatility of product
prices, inability to raise sufficient capital to fund its operations,
environmental risks, competition, government regulation, and the
ability of the Company to execute its business strategy, among others.
Additional information concerning these and other important factors
can be found within the Company's filings with the Securities and
Exchange Commission. Statements in this press release should be
evaluated in light of these important factors.

Bonanza Oil & Gas, Inc., Houston
President and CEO
Bill Wiseman, 713-333-5808
Fax: 713-333-5928
bwiseman@unitedpe.com

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