First Day of Dealings on AIM

BLUEBIRD ENERGY PLC

 (AIM: BBE)

First Day of Dealings on AIM

The Directors of Bluebird Energy plc ("Bluebird Energy" or "the Company"), a hydrocarbon development and exploration company with established projects onshore United States of America, are pleased to announce the admission of Bluebird Energy's Ordinary Shares to trading on AIM.

Bluebird Energy has placed 200,000,000 new Ordinary Shares at 1 pence per share ("the Placing Shares"), raising £2m (before expenses). It is intended that the proceeds will be used to fund the production, development and exploration necessary to support the Company's strategy. In addition, the Company expects to raise up to £558,168 (before expenses) by way of an open offer at 1 pence per new Ordinary Share, details of which will be announced as soon as practicable following Admission.

Bluebird Energy is a hydrocarbon production, development and exploration company with:

·; interests in conventional oil and gas projects in the United States;

·; interests in unconventional gas projects in the United States; and

·; certain other energy related investments.

The Directors consider that the Company has an attractive portfolio of low to high risk conventional and unconventional oil and gas projects in the United States as summarised below:

The Competent Person's Report contained in the Admission Document estimates the expected monetary value of the above Bluebird Energy interests to be £19.24m

The focus of the Company in the first half of 2011 has been largely on the further development of the oil producing Centurion project. The most recent drilling programme commenced in March 2011 and, as at 29 June 2011, five additional new wells have been drilled along with three re-completions. As at 29 June 2011 the Centurion project has six wells in production.

In addition, the Group is in the early stages of evaluating unconventional gas opportunities in Europe and holds 11.28 per cent. of the issued share capital of Wessex Exploration PLC (which was admitted to trading on AIM in March 2011).

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, following this issue, its issued share capital comprises 475,596,724 Ordinary Shares of 0.25p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 475,596,724.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

This announcement and the Admission Document have been approved by Frederik Dekker, BSc. (Geology), MA (Geology) FGS, who is a registered professional geologist with the American Association of Petroleum Geologist (AAPG). Mr Dekker is a non-executive director of Bluebird Energy and has over 40 years of experience in the oil industry.

All capitalised terms in this announcement are as defined in the Admission Document, dated 30 June 2011. The Admission Document, along with the information required by AIM Rule 26, is available from the Company's website, www.bluebirdenergy.net.