On 11/16/2009, Saratoga Resources Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Saratoga Resources Inc. announced earnings results for the second quarter ended June 30, 2009. Net loss for the quarter was $7.25 million, down $4.32 million for the same quarter the previous year.

Saratoga Resources Inc. announced increases to its reserve base, resulting from ongoing full field studies and development activities. Collarini Associates, the Company's independent reserve engineers, estimated Saratoga's net proved reserves, as of July 1, 2009 using June 30, 2009 NYMEX strip pricing and Society of Petroleum Engineering methodology, to be 6.0 million barrels of oil and 51.3 million cubic feet of gas, or 87.6 billion cubic feet of gas equivalent, with a net present value of future cash flow, discounted at 10%, of $373 million. Over 40% of the total proved reserves are developed with proved developed producing reserves of 2.2 MMBO and 4.5 BCFG, or 17.7 BCFE with PV10 of $78 million. Saratoga's internal reserve estimates are significantly greater than those stated above. Saratoga has a development inventory of 71 proved developed non-producing and 61 proved undeveloped opportunities, as of July 1, 2009. In addition, the Company's independently audited probable reserves are 3.0 MMBO and 43.7 BCFG, or 61.8 BCFE, with PV10 of $194 million, and possible reserves of 12.3 MMBO and 84.1 BCFG, or 157.7 BCFE, with PV10 of $312 million. In summary, Saratoga's 3P net reserves amount to 307.1 BCFE with PV10 of $880 million.