Strategic and Operational Review

BLUEBIRD ENERGY PLC

 (AIM: BBE)

Strategic and Operational Review

Bluebird Energy plc ("Bluebird Energy" or "the Company") announces that it has been informed that Running Foxes Petroleum Inc ("Running Foxes"), the operator of the Company's US interests, has sold 60 per cent. interest of its 50 per cent. working interest (net 30 per cent.) in the Centurion project in Sumner County, Kansas. Bluebird Energy has a net 50 per cent. working interest in Centurion.

In the light of this decision by Running Foxes and further to the Directors meeting with the management of Running Foxes, the Directors have commenced a strategic and operational review of the Company's US assets with a view to recommending proposals which they believe will represent the best course of action for shareholders.

A further announcement will be made in due course. In the meantime, the Directors continue strongly to believe the current share price does not accurately reflect the value of the Company's assets.