BPK Resources, Inc. Announces Commencement of Drilling Operations for Louisiana Shelf Partners, L.P.

Business Editors/Energy Writers

HOUSTON--(BUSINESS WIRE)--Aug. 1, 2003

BPK Resources Inc. (OTC:BPKR) (the "Company" or "BPK") announced today that Louisiana Shelf Partners, L.P. (the "Partnership"), in which BPK owns an approximate 10% interest, has signed a drilling contract with Parker Drilling, utilizing a jack-up rig, to commence drilling on the exploration project located in Cameron Parish in offshore Louisiana. The rig is being barged to the drilling location and the anticipated spud date for the well is August 4th. The well, S.L. 17743 No. 1, is permitted to a drill depth of 15,500 feet. The general partner projects the drilling operation to take approximately 40 days to drill and log to total drill depth, with an anticipated additional 10 days for completion of the well.

Louisiana Shelf Partners owns offshore leases in East Cameron Parish in portions of Block 4, 17, 18 and 22. The partnership's total acreage position is approximately 5,000 acres. The first well will be drilled on Block 18, with Blocks 4 and 18 anticipated to be explored after completion of exploration and development activity on Block 18.

About the Company:

BPK Resources, Inc., based in Houston, Texas, is a new breed of independent oil and gas company engaged in acquiring, exploring and developing natural gas and oil properties. The Company is using a strategy that targets high potential assets by leveraging its relationships and by seeking out partners on a project-by-project basis that are experts in the specific area being targeted. This strategy is exposing its shareholders to projects with world class potential, managed by some of the industry's most talented people. This strategy is intended to allow the Company to generate significant shareholder value, cost effectively, while reducing certain risks traditionally inherent in the oil and gas industry. In just under a year of oil and gas operations, the Company has executed its strategy and has positioned itself in three North American and one International project of world-class potential, operated by some of the leaders and most dynamic names in the oil and gas industry. The Company has partnered with Amerada Hess, Tom Brown, Inc., Oscar Wyatt, TMBR/SHARP and NuCoastal Corporation.

This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company's actual results, events or financial position to differ materially from those included within the forward-looking statements. These factors include, but are not limited to, the Company's properties producing oil and gas in commercial quantities, the absence of a track record of developing successful properties, the Company's ability to generate additional financing, as well those factors set forth in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.