Blast Energy Services Deploys AFJ Rig to Multi-Well Program in Kentucky

HOUSTON, May 18 /PRNewswire-FirstCall/ -- Blast Energy Services, Inc. (OTC
Bulletin Board: BESV) announced today that they have deployed their
proprietary applied fluid jetting ("AFJ") rig to Kentucky to begin working
under a previously announced 100-well program with Resource Energy
Technologies, LLC ("RET"). Under the terms of the RET agreement, Blast will
earn a 40% share of the revenues generated from any increase in natural gas
produced from the use of the AFJ rig on the field. Additionally, Platinum
Minerals, Inc. ("Platinum") has expressed a strong interest in using Blast's
AFJ service for a 20 to 30 well program in Eastern Kentucky on a
cash-for-services basis.

"The limestone formations in Kentucky are similar to the Austin Chalk in
Texas, where our process had proved to be successful at improving oil and gas
production. We expect to be very active in Kentucky over the next several
months fulfilling our commitments under the RET agreement and by pursuing
cash-for-service contracts with Platinum and other local operators," said John
O'Keefe, President and CEO of Blast.

The producing field operated by RET contains wells as deep as 1,200 feet with
two separate producing zones, the Fort Payne and the Coniferous. Each zone
has 20 to 40 feet of net pay which should allow Blast to jet laterally up to
90 feet in multiple directions at several intervals in each zone. Similarly,
the wells operated by Platinum have multiple limestone pay zones in wells as
deep as 2,400 feet. Representatives from Platinum are planning to visit the
RET well locations in the coming week, and following a successful
demonstration of the jetting process, we expect to contract with Platinum for
services on fields they operate in Eastern Kentucky.

Since successfully jetting several separate horizontal penetrations in wells
operated by Reliance Oil and Gas in the Austin Chalk play in Texas, Blast has
hired and trained a three-man rig crew on the AFJ operations and conducted
further equipment upgrades to the rig to improve its operational effectiveness
and consistency. During May 2009, Blast attempted some laterals in the Brown
Dolomite formation in the Texas Panhandle, which were not successful. However,
we plan to return to the area once the jetting procedure has been adapted for
the down-hole environment encountered there.

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.

SOURCE Blast Energy Services, Inc.

John MacDonald of Blast Energy Services, Inc., +1-281-453-2888, or,
+1-713-725-9244, jmacdonald@blast-es.com