Black Elk Energy Sign Agreement with ESP for Product and Services Wells

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Black Elk Energy announced that it is company has signed agreement with ESP Resources, Inc a manufacturer, blender, distributor, and marketer of specialty chemicals and analytical services to the oil and gas industry, to provide product and services to initially a total of 5 platforms containing a total of 46 wells.

Knowing ESP Resources, Inc. is a publicly-traded petrochemical company (OTCBB:ESPI) headquartered in Scott, LA. Through its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry. Black Elk Energy is an independent oil and gas company headquartered in Houston, Texas. The company is dedicated to creating returns in oil and gas through acquisition and exploitation, and focuses on North American clean burning natural gas. Black Elk Energy currently operates multiple properties both onshore and offshore in State and Federal waters and holds an aggregate interest in over 360 thousand acres and more than 500 wells.

Through this agreement, the Company estimates an increase in revenue of 6% on an annualized basis. These preliminary revenue estimates do not include any expanded services with Black Elk Energy’s other production wells that ESP Resources may gain as a result of its continued performance.