Osage Exploration & Development (OEDV)

[dan_s]

Osage is hosting our luncheon in Houston tomorrow. Keep an eye on this micro-cap. Their project in Oklahoma has significant upside. - Dan

Osage Exploration and Development, Inc. (OTCBB: OEDV), announced today that it has financed the drilling of its Nemaha Ridge Horizontal Mississippian project by arranging a draw down credit facility through Apollo Investment Corporation ("Apollo", NASDAQ: AINV). Osage, in conjunction with its partners, project operator Slawson Exploration and US Energy Development Corp., is preparing an aggressive drilling schedule for the balance of 2012 and 2013.

"Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, LLC, a leading global alternative investment manager with assets under management of more than $75 billion as of December 31, 2011. We are extremely proud to have attracted the attention and support of Apollo," stated Mr. Kim Bradford, Chairman and CEO of Osage Exploration and Development. “Closing this facility for up to $10 million brings about another great day for the Osage shareholders. With the capital from the Apollo facility and the capital from a separate $2.5 million transaction announced last week, we believe that our entire Nemaha Ridge Horizontal Mississippian drilling project has been financed. Our momentum is clearly building as we continue to associate ourselves with the best in the business.”

Greg Franklin, VP of Exploration for Osage, stated, "We began studying the Horizontal Mississippian play in Oklahoma in late 2009. Since that time we have advanced a raw concept to a project, attracted great operating and financial partners, and commenced our drilling program. Given the success of our first well, the Wolf 1-29H, and the support of Apollo, we are able to continue on the path we set out upon almost three years ago, which is to drill out a Horizontal Mississippian field in Logan County, Oklahoma."

For a visual depiction of the horizontal drilling technique that will be utilized in the Nemaha Ridge project, click on the video link below:

http://www.osageexploration.com/video/index.htm

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 Slawson Exploration Company, Inc.

Headquartered in Wichita, Kansas, with regional offices in Denver, Houston, and Oklahoma City, Slawson began oil and gas exploration in 1957. http://www.slawsoncompanies.com/exploration.html

About U.S. Energy Development Corporation

U.S. Energy Development Corporation was formed in 1980 as a successor to Oilmark & Company, Inc., founded in 1978. The company has consistently been ranked among the Top 50 Independent Oil & Natural Gas Drillers in the United States and is one of the largest drillers in both New York and Pennsylvania. Since 1980, U.S. Energy has acted as operator with respect to the drilling of more than 2,500 wells.

http://www.usedc.com

About Apollo Investment Corporation

Apollo Investment Corporation (NASDAQ: AINV) is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company provides private debt market solutions to middle market companies in the form of senior secured, mezzanine and asset based loans and may also acquire equity interests. The Company seeks to provide private financing solutions for private companies that do not have access to the more traditional providers of credit. Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, LLC, a leading global alternative investment manager with assets under management of more than $75 billion as of December 31, 2011. Within the energy space, AIC is focused on $20 million to $200 million investments in oil and gas producers, oilfield service providers, midstream and alternative energy companies. For more information, please visit http://www.apolloic.com

[setliff]

man oh man oh man! i was sick and forgot to buy on apr26 as planned. then got my big toe in next day with thought that it would pull back after such a big move.

was told once by a broker friend that if ya wanta buy do it with all funds allocated--don't dribble it in. this one really is a lesson for that. it just don't wanta stop and rest.

[dan_s]

They sent over the presentation for tomorrow. We have over 100 coming to the luncheon. If the CEO makes a good presentation, I expect the stock to move tomorrow. They have a ton of upside in Logan County, OK in their JV with Slawson Exploration.