Saratoga Resources, Inc. provided an update on its development drilling program during, and since the end of, the 2012 third quarter. During the quarter, development drilling operations were conducted on three wells, one in each of Breton Sound Block 18, Grand Bay and Vermilion Block 16 fields.

The SL 195QQ #202 'Jupiter' well was drilled in Grand Bay Field to a total depth of 9,688 feet measured depth ('MD') and was completed in the 15 sand in early August 2012. The well tested on August 14, 2012 at a gross rate of 245 barrels of oil per day ('BOPD') and 650 thousand cubic feet of gas per day ('MCFPD'), or net 254 barrels of oil equivalent per day ('BOEPD'), on a 15/64' choke with flowing tubing pressure ('FTP') of 860 psi.

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