Wall Street Resources, Inc. Releases an Updated Research Report on Black Ridge Oil & Gas, Inc.

Wall Street Resources, Inc. Releases an Updated Research Report on Black Ridge
Oil & Gas, Inc.

MINNETONKA, Minn., Aug. 1, 2012 (GLOBE NEWSWIRE) -- Black Ridge Oil & Gas,
Inc. (OTCBB:ANFC) today announces the release of an updated Research Report on
the Company, by Mr. Paul Silver, Director of Research for Wall Street
Resources, Inc. The 19-page report includes detailed information on the
Company's business model, products, industry, valuation, management and risks.

The free report is available at: www.wallstreetresources.net/BlackRidge.asp

Neither Black Ridge Oil & Gas, Inc., nor any of its affiliates, endorse,
confirm or adopt the contents of the Wall Street Resources, Inc. Research
Report nor accept any responsibility for its accuracy which is the sole
responsibility of its author. Black Ridge Oil & Gas, Inc. undertakes no
obligation to revise or update the Report to reflect events or circumstances
after its issuance or otherwise. The reader should review all disclaimers
contained in the Report.

Make sure you are first to receive timely information on Black Ridge Oil & Gas
when it hits the newswire. Sign up for Black Ridge's email news alert system
today at: http://ir.stockpr.com/blackridgeoil/email-alerts

About the Company

Black Ridge Oil & Gas is an oil and gas exploration and production company
based in Minnetonka, Minnesota. Black Ridge's focus is exclusive to the
Williston Basin Bakken and Three Forks trend in North Dakota and Montana.
Black Ridge Oil & Gas controls over 11,000 net mineral acres in North Dakota.
For additional information, visit the Company's website at:

About the Analyst

Mr. Silver joined Wall Street Resources in 2006 as the Director of Research.
He has been in the financial services industry since 1995 and began his
professional career in auditing with a Big Four accounting firm in New York
City. Mr. Silver made the move to Wall Street as a sell-side research analyst
for two global investment banks in New York City including Salomon Smith
Barney and UBS Paine Webber. At Salomon Smith Barney he was a member of the
firm's research team covering REITs that was consistently ranked #1 by
Institutional Investor magazine. Most recently, Mr. Silver worked for a
private equity firm as its Chief Investment Strategist.

Mr. Silver is a graduate of the College of William and Mary in Virginia with a
BA in liberal arts and New York University's Stern Business School with an MBA
in International Finance and Accounting.

About Wall Street Resources

Wall Street Resources, Inc. and its affiliated site
http://www.wallstreetresources.net is a leading source for microcap equity
research. Its principals have over 25 years of experience providing analysis
on these companies. Wall Street Resources (WSR) acts as a conduit between
micro-to-small capital company investors and emerging growth companies through
its proprietary financial publications including daily and monthly
newsletters, as well as comprehensive 20-50 page featured company reports. To
sign up to receive WSR's financial publications go to:

Statement as to Forward Looking Statements

Certain statements contained herein, which are not historical, are
forward-looking statements that are subject to risks and uncertainties not
known or disclosed herein that could cause actual results to differ materially
from those expressed herein. These statements may include projections and
other "forward-looking statements" within the meaning of the federal
securities laws. Any such projections or statements reflect Black Ridge Oil &
Gas current views about future events and financial performance. No assurances
can be given that such events or performance will occur as projected and
actual results may differ materially from those projected. Important factors
that could cause the actual results to differ materially from those projected
include, without limitation, general economic or industry conditions
nationally and/or in the communities in which our Company conducts business,
volatility in commodity prices for crude oil and natural gas, environmental
risks, legislation or regulatory requirements, conditions of the securities
markets, our ability to raise capital, availability of our credit facility,
changes in accounting principles, policies or guidelines, financial or
political instability, acts of war or terrorism, other economic, competitive,
governmental, regulatory and technical factors affecting our Company's
operations, products, services and prices and other risks inherent in the
Company's businesses that are detailed in the Company's Securities and
Exchange Commission ("SEC") filings. Readers are encouraged to review these
risks in the Company's SEC filings.

CONTACT: Investor Relations:
         Gerald Kieft
         WSR Communications
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