Breitling Oil and Gas Corporation Reaches Agreement to Acquire 100% of Oklahoma Oil and Gas Exploration Company

IRVING, Texas, Dec. 30 /PRNewswire/ -- Breitling Oil and Gas Corporation, a
growing oil and gas drilling and exploration company, is pleased to announce
that it has in place a preliminary agreement for the purchase of Southwest
Energy Exploration of Oklahoma City, OK. Under the confidential terms of the
agreement, which will go into effect January 1, 2010, and is subject to a
number of conditions including the receipt by both parties of certain consents
and releases, Southwest Energy Exploration will be a wholly owned operating
subsidiary of Breitling Oil and Gas.

The purchase includes all Southwest Energy Exploration property, equipment and
leases of developable land in Oklahoma and Texas. Management, which has over
30 years of experience in the industry, is contracted to remain with the
business for a minimum of five years. Southwest Energy Exploration was started
in 2004 and remains a local leader in oil and natural gas exploration within
the State of Oklahoma.

Chris Faulkner, CEO of Breitling, commented, "We are excited to bring
Southwest Energy Exploration onboard and look forward to its quick integration
into the Breitling family of companies." Additionally, Parker Hallam, COO of
Breitling, was quoted as saying, "We look forward to a very healthy and
productive 2010 and continuing to grow our business units and revenue while
satisfying both our clients and shareholders alike."

About Breitling Oil and Gas Corporation

Breitling Oil and Gas was founded in April 2003 to apply state-of-the-art
petroleum and natural gas exploration and extraction technology to the
development of onshore oil and natural gas projects. Our focus areas include
Texas, Oklahoma and Louisiana. Breitling offers oil and gas investment
opportunities through direct participation programs and oil and gas investment
joint ventures which enable investors to participate in the potential cash
flow and unique tax benefits associated with oil and gas investments.
Especially important in a down-turned economy, oil and gas investments allow
savvy investors to diversify and reinforce their investment portfolios with a
stable commodity that is in steady demand.

About Southwest Energy Exploration

Southwest Energy Exploration is an Oklahoma-based oil and gas exploration,
development and production company with current operations throughout
Oklahoma. Founded in 2004, the experienced management team has aggressively
sought to acquire select properties within Oklahoma which provides immediate
positive cash flow and development opportunities for future years.

Press Contact:

Jennifer Jones
Director of Public Relations
Breitling Oil and Gas Corporation
jennifer@breitlingoilandgas.com
972-252-2490

This release was issued through eReleases(TM). For more information, visit
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SOURCE Breitling Oil and Gas Corporation

Jennifer Jones, Director of Public Relations of Breitling Oil and Gas
Corporation, +1-972-252-2490, jennifer@breitlingoilandgas.com