John D. Oil and Gas Company Announces First Quarter 2009 Financial Results

CLEVELAND, May 19, 2009 (GLOBE NEWSWIRE) -- John D. Oil and Gas Company
(OTCBB:JDOG) today announced it had a net income from operations of $120,613 for
the three months ended March 31, 2009 compared to $58,395 for the same period of
2008. This increase was largely due to higher production in 2009 due to more
wells on-line which was partially offset by the increase in depletion from
higher capitalized costs of new wells. The Company currently has 58 wells in
production.

The Company also reported net income attributable to John D. interests of
$145,287 for the first three months of 2009 compared to $93,981 for the same
period of 2008 and a net loss attributable to its non-controlling interest in
Liberty Self Stor LTD of $24,674 and $35,583, respectively.

Total revenues from operations and interest income increased $382,519, or 36.2%,
to $1,440,359 for the three months ended March 31, 2009 from $999,445 for same
period of 2008. The increases are largely the result of higher oil and natural
gas production from an increase in producing wells.

"We remain committed to our business plan but have slowed our drilling program
in 2009 due to the high cost of drilling new wells and the low market price of
natural gas," stated Gregory J. Osborne, the Company's President and Chief
Operating Officer. "Although 2009 will be a challenging year for us, we continue
to look for opportunities that may arise in this volatile market."

About John D. Oil and Gas Company

The Company entered into the business of extracting and producing oil and
natural gas products in Northeast Ohio in 2006. The Company currently also
retains one self-storage facility located in Painesville, Ohio.

Forward-Looking Statements

Certain matters discussed in this press release may be deemed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements. Many of these risks and
uncertainties relate to factors, including risks related to the Company's future
business plans, that are beyond the Company's ability to control or estimate
precisely. The Company cannot guarantee success under its business plan as
drilling wells for oil and gas is a high-risk enterprise and there is no
guarantee the Company will become profitable. These and other risk factors are
detailed from time to time in the Company's SEC reports and filings, including
its annual report on Form 10-K, quarterly reports on Form 10-Q and periodic
reports on Form 8-K. The Company assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.

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CONTACT: John D. Oil and Gas Company
Jean Mihitsch
440-255-6325
jmihitsch@johndoilandgas.com