The Company successfully completed drilling the Harold Karges 1A well in Pelahatchie Field in the prolific 11,300 Hosston Formation. Testing over resulted in an initial swab test at rates from 220 to 480 barrels per day on an open choke and then a stabilized flowing (last 75 hours) rate averaging 100 barrels of oil per day with no water on a 14/64ths choke with tubing pressure of 215 psi. Drilled to 11,500 ft, the Karges 1A well encountered numerous potential productive zones beginning at the Tuscaloosa depositions at 6800 ft subsurface through the multiple Hosston formations at 11,400 ft subsurface. These stacked “pay zones” will now become future offset developmental drilling targets.

The Pelahatchie Field is located in Rankin County, central Mississippi, 20 miles east of Jackson. It is in the Interior Salt Basin, an area that has made Mississippi the 13^th largest oil and gas producing state. The Company controls over 4000 gross mineral acres in the Pelahatchie Field and is currently producing nine wells on the property. National Instrument 51-101 engineering reports by Fletcher Lewis, an independent petroleum engineer and qualified reserves evaluator, estimates that there are 33,759,039 barrels of oil and 94,028,231 MCFs of gas in the Producing, Proved Undeveloped, Probable and Possible reserves categories to be recovered from primary production techniques in the field. The reports address only some of the known producing formations.

Check back to regularly for new photos.

Branding and Website by Nextphase Strategy