As of March 2, 2011, the Solimar Energy 76-3 well in the Guijarral Hills Field Area located in Fresno County, California has already reached a depth of 5,700 feet and should be penetrating the first of four targeted pay sands at approximately 7,000 feet within the next week. Blast has a 38% revenue interest and a 50% working interest in this well.

“Thus far the drilling on this well has progressed better than expected and we are looking forward to some favorable indications as we approach the first targeted pay sand,” stated Michael Peterson, acting President and Chief Executive Officer of Blast.