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Osage Exploration Announces Participation in Horizontal Mississippian Well with Devon Energy



  Osage Exploration Announces Participation in Horizontal Mississippian Well
  with Devon Energy

Business Wire

SAN DIEGO -- September 27, 2012

Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent
exploration and production company focused on the Horizontal Mississippian and
Woodford plays in Oklahoma, announced today the spudding of the Hopfer 1-17H,
a Horizontal Mississippian well, in Logan County, Oklahoma. The well, located
in section 20-18N-3W, was spud on September 17^th and is operated by Devon
Energy Corporation (NYSE:DVN). Osage Exploration has a 14.6% Working Interest
in the Hopfer 1-17H.

Mr. Kim Bradford, Chairman and Chief Executive Officer of Osage Exploration
and Development, stated, “The Hopfer 1-17H is Osage’s second well to be
drilled during the month of September, and is located in the section adjoining
our previously announced McPhail 2-18H. We are hitting the milestones for our
two well-per-month drilling program, and are delighted to be participating in
a well operated by Devon Energy, who we believe is one of the best in the
business, as well as drilling alongside them."

About Osage Exploration and Development, Inc.

Based in San Diego, California, with production offices in Oklahoma City,
Oklahoma, and executive offices in Bogotá, Colombia, Osage Exploration and
Development, Inc. is an independent exploration and production company with
interests in oil and gas wells and prospects in the U.S. and Colombia.
http://www.osageexploration.com

About Devon Energy Corporation

Devon Energy Corporation is an Oklahoma City-based independent energy company
engaged in oil and gas exploration and production. Devon is a leading
U.S.-based independent oil and gas producer and is included in the S&P 500
Index. http://www.devonenergy.com

Safe Harbor Statement

The information in this release includes certain forward-looking statements as
defined by the Securities and Exchange Commission that are based on
assumptions that in the future may prove not to have been accurate. Those
statements and Osage Exploration and Development, Inc. are subject to a number
of risks, including production variances from expectations, volatility of
product prices, inability to raise sufficient capital to fund its operations,
environmental risks, competition, government regulation, and the ability of
the Company to execute its business strategy, among others.

Contact:

Osage Exploration and Development, Inc.
Kim Bradford, President and CEO
Phone: 619-677-3956
Fax: 619-677-3964
kbradford@osageexploration.com
www.osageexploration.com
or
Portage Equity Market Advisors, LLC
Jack Zedlitz, Managing Advisor
Phone: 405-230-1182
jzedlitz@portagellc.com
www.portagellc.com
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