Operations

Through its U.S. subsidiary, the company has interests in operations located in Mississippi.

Mississippi – 1000 acres with 20 wells in production and 2-3 potential targets to drill

Three possible lease payouts (From 6-9% to 18-22%)
– Craig Lease
– Barnum Lease
– Drouet Lease
(Timing is undetermined due to fluctuating oil prices)