Point Roberts, WA - May 31, 2011 (Investorideas.com Energy Newswire) - www.InvestorIdeas.com, a leader in sector research including oil and gas stocks, issues a trading alert and stock chart for Oklahoma energy stock, Osage Exploration and Development, Inc. (OTCBB: OEDV). The stock is trading at $0.29, up 0.04 (16.00%) in morning trading.

The company announced news last week it closed an agreement whereby Slawson Exploration Company, Inc. and U.S. Energy Development Corporation have acquired 45% and 30% respectively of Osage’s Nemaha Ridge project in Oklahoma for gross consideration of $4,875,000.00 plus a 10% net carry on the first three horizontal Mississippian wells.

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http://www.investorideas.com/CO/OEDV/

Company News:

Osage (OTCBB: OEDV) Joint Ventures Its 10,000 Acre Horizontal Mississippian Nemaha Ridge Project

Full News: http://www.investorideas.com/CO/OEDV/news/2011/05261.asp

Recent Media Coverage:

Osage Exploration and Development, Inc. (OTCBB: OEDV) in the news May 27, 2011; Slawson acquires share of Oklahoma oil project - BY DAN VOORHIS The Wichita Eagle WICHITA - Slawson Exploration Co. of Wichita has acquired 45 percent of Osage Exploration and Development's Nemaha Ridge project in Oklahoma. ... Read More

Osage gains experienced partners at Nemaha Ridge project in Oklahoma - Pennenergy.com article May 27th

Osage Exploration and Development, Inc. (OTCBB: OEDV) Media - Oklahoma: Firms join Mississippian horizontal play - Pennenergy.com May 26th

About Osage Exploration and Development, Inc. ( OTCBB: OEDV)

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 US and Colombia. www.osageexploration.com

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Disclosure: OEDV is a paid advertising oil and gas company on Investorideas.com - Disclosure: (6 months starting May 24, 2011 thirty five hundred per month, 100,000 144 shares)

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Osage Exploration and Development, Inc. (OEDV.OB) is a showcase oil and gas stock on Investorideas.com Visit the company showcase profile at Investorideas.com Request news and stock alerts for Osage Exploration and Development, Inc. (OEDV.OB) Disclosure : (6 months starting May 24, 2011 thirty five hundred per month, 100,000 144 shares)