Latest trip to Oklahoma

Hello to you all…

I just returned from our oil fields in Oklahoma. I am absolutely amazed at the progress that we have made in the last six months. The bopd count is rapidly increasing every single day! Which means your distributions are getting much larger!

    We were touring our North Stone Bluff lease in the dark on Friday night, in the rain. I mention this because we had a client with us that only had one day to see everything. We were able to cover all six leases, including Osage county. I met with Jim Witcraft on the Osage lease. We will start drilling the Osage lease in the first quarter of 2011. Jim has wells on his property that are adjacent to our lease, that are getting 100 bopd now. I know that when we have our new drilling rig in place, the Osage lease will be very active with shallow pay zones that we can drill and complete in nine to ten days. This is why the production ratio is going to double and triple even in the next few winter months.

    The drilling rig will be on our yard in the next two weeks. We should have the rig drilling on the North Skinner lease first. That should be around December 15th ( next month ). I will be conducting numerous tours in our fields, now, through the end of the year.

    I encourage you to come to Oklahoma and see for yourself what our program is all about.

    This the time of year for you to seriously take a look at your investments and your tax situation for the year. We are able to help many individuals and corporations through the 85% IDC tax deductions. If you are not 100 % accurate on how these deductions work, then please, call us to discuss the details.
Also, you will get a 15% depletion allowance for seven years in addition the 85% IDC deductions.

We all look forward to talking with you soon.