Oil and Gas, Texas, USA
Low risk oil and gas leases acquired in West Texas providing operating cash flow. Coody Morales Lease [320 acres], 100% working interest acquires in September, 2010. Thompson lease, 20% working interest acquired in 2011. Thompson lease has three productive zones giving long life to the field. Seven wells currently producing with further development wells to follow. Low pressure gas pipelines are present and servicing all properties.
Strategy employed to minimize shareholder dilution and maximize share value. Strategy expected to continue to meaningful effect shareholders.