HOUSTON, Nov. 22 /PRNewswire-FirstCall/ -- Blast Energy Services (OTC:BESV) has undertaken steps to focus its operations and maximize use of its manpower resources toward the newly acquired Drilling Services business. While the Company plans to maintain its Satellite Communications and Down-hole Solutions businesses, it will limit further expenditures toward these businesses until the Drilling Services business is generating sufficient cash flow. Additionally, the Board has added the newly created position of Vice Chairman, which will be filled by current Blast director and veteran energy service executive Roger P. (Pat) Herbert. "Blast needs to allocate its limited resources toward growing revenue and cash flow from the land drilling business, which we believe provides the single best opportunity to generate value to our shareholders," said Vice Chairman, Pat Herbert. "Meanwhile, our exciting abrasive jetting business has reached a new milestone in its development, so we will be taking some time to evaluate options that could move it from a research project to a commercial business." Blast recently completed a round of testing of its AFJ technology with the Department of Energy at its Rocky Mountain Oilfield Testing Center outside Casper, Wyoming. The results were very encouraging in terms of validating the ability to cut precision slots and windows through the steel casing in wells by use of computer controlled directions from the surface. Video clips from down-hole camera have been posted to the Company's website. About Roger P. (Pat) Herbert: Mr. Herbert has served as a Blast director since June 2005. He has worked in the energy services business for nearly 30 years. He is currently a director and CEO for JDR Cable Systems (Holdings) Ltd - a position he has held since 2002. Prior to that, he briefly served as COO of Petris Technology after merging a company he founded in 2000, GeoNet Energy Services, where is served as Chairman and CEO. Prior to 2000 Mr. Herbert served as Chairman and CEO of International Energy Services. The bulk of his career consisted of senior executive officer positions for Baker Hughes Inc. (10 years) and Smith International Inc. (13 years). Herbert received his M.B.A. from Pepperdine University, his B.S.E. from California State University-Northridge and is a registered professional engineer in the State of Texas. About Blast Energy Services, Inc. Blast Energy Services, Inc. is a publicly traded company based in Houston. Our mission is to substantially improve the economics of existing oil and gas operations through the application of our worldwide licensed and proprietary technologies. Our new major business, effective August 2006, is conventional land rig drilling onshore USA with its own fleet of drill rigs and crews. Using specially fabricated mobile drilling rigs we intend to operate a commercially viable energy service business, including: specialty casing cutting, perforation, fracturing services and lateral drilling with the potential to penetrate through well casing and into reservoir formations to stimulate oil and gas production. This service should provide oil and gas producers with an attractive, lower cost alternative to existing well stimulation or horizontal drilling services. Additionally, we are providing satellite services to oil and gas producers. This service allows them to monitor and control well head, pipeline or drilling operations through low- cost broadband data and voice services from remote operations where conventional land based communication networks do not exist or are too costly to install. Please visit our website: http://www.blastenergyservices.com/. Safe Harbor Statement Any statements made in this news release other than those of historical fact, about an action, event or development, are forward looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. Such factors may include risk factors including but not limited to: the ability to integrate and successfully operate the newly acquired company, the ability to raise necessary capital to fund growth, adequate liquidity to manage operations and debt obligations, the introduction of new services, commercial acceptance and viability of new services, fluctuations in customer demand and commitments, pricing and competition, reliance upon lenders, contractors and vendors, the ability of Blast Energy Services' customers to pay for our services, together with such other risk factors as may be included in the Company's filings on Form SB-2 and its periodic filings on Form 10-KSB, 10-QSB, and other current reports. CONTACTS: Blast Energy Services, Inc. John MacDonald (281) 453-2888 or (713) 725-9244 e-mail: DATASOURCE: Blast Energy Services, Inc. CONTACT: John MacDonald, +1-281-453-2888, or +1-713-725-9244, Blast Energy Services, Inc., Web site: http://www.blastenergyservices.com/

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