Flying J and Big West Provide Update on Bakersfield Refinery

OGDEN, Utah--(Business Wire)--
Flying J Inc. ("Flying J") and its subsidiary Big West Oil, LLC ("Big West")
today confirmed that they are reviewing strategic alternatives regarding their
interest in the Bakersfield Refinery, located in Bakersfield, California (the
"Refinery").

Deutsche Bank Securities Inc. ("Deutsche Bank") has been retained by Big West as
their financial advisor to assist in this process. The review of strategic
alternatives may result in the sale of all or part of the Refinery.

Due to the confidentiality of the process, the Companies anticipate no further
announcements regarding their review of strategic alternatives until such time
as the process is concluded.

Parties interested in potentially participating in a sale process may contact
the following individuals at Deutsche Bank:

Richard Moore Peter Bennett
Mergers & Acquisitions Group Mergers & Acquisitions Group
+1 (212) 250-3610 +1 (212) 250-6022
richard.moore@db.com peter.bennett@db.com

ABOUT FLYING J INC.

Based in Ogden, Utah, Flying J Inc. is among the 20 largest private companies in
America, with 2007 sales exceeding $16 billion. This fully integrated oil
company employs approximately 14,700 people in the U.S. and Canada through its
interstate operations, transportation, refining and supply, exploration and
production, as well as its financial services and communications, divisions.

ABOUT THE BAKERSFIELD REFINERY

The Bakersfield Refinery comprises a 70,000 BPD refinery (9.2 Nelson complexity
factor) and supporting operations network situated on a 942-acre site in
Bakersfield, California. Associated with the Refinery are logistics assets
including a product loading facility, crude truck terminal and 2.6 million
barrels of tankage. Big West acquired the Bakersfield Refinery from Shell in
March 2005 and has subsequently invested significant capital in the Refinery.
The Refinery produces a full slate of premium quality petroleum products,
including low sulphur CARBOB gasoline, CARB diesel and gas oil. In addition, the
Refinery has received all significant permits to construct a Hydrocracker unit
designed to further enhance the Refinery`s profitability by converting the
Refinery`s lower-value gas oils to lighter, higher margin diesel and gasoline
products.

Kekst and Company
Peter Hill, 212-521-4800
peter-hill@kekst.com

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